We are excited to announce a once in a lifetime opportunity to own a piece of iconic Brooklyn. Welcome to 685 Franklin Avenue; this picture worthy and eye catching corner building sits on a 2790 corner lot located only 6 blocks from Prospect Park. Perfectly situated on one of the most desirable intersections where Prospect Place meets Franklin Avenue.
Fantastic investment opportunity features 14 rent stabilized units with 1 commercial space. Meticulously maintained building with most units recently updated. This solid investment brings $26,993.15 in monthly rent roll.
2 Studios
6 One Bedrooms
6 Two Bedrooms
1 Garage
1 Commercial space with 10 year lease
Capital improvements include recently updated roof and electric/gas meters/water heaters in 2021
AMAZING 4.32%CAP
Short distance to the 2,3,4,5,A,C,& S trains, 25 minutes from NYC. Walk to Brooklyn Prospect Park, Botanic Garden & Downtown Brooklyn.
Franklin Avenue
$4,000,000
18
14
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Description
Available now
Sale listing #1917403
Taxes $59808/year
Located in Crown Heights
Property Type: Commercial
Floor: 1
Total Rooms: 40
The monthly total payment including maintenance and/or common charges plus taxes is $26,274/month. This assumes 20% down payment and a 30 year rate of 7.00%.
Want to know approximate closing costs? Visit our closing cost calculator
Sale listing #1917403
Taxes $59808/year
Located in Crown Heights
Property Type: Commercial
Floor: 1
Total Rooms: 40
The monthly total payment including maintenance and/or common charges plus taxes is $26,274/month. This assumes 20% down payment and a 30 year rate of 7.00%.
Want to know approximate closing costs? Visit our closing cost calculator
Amenities
- No pets
- Washer/Dryer
Listing by Corcoran Group
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved.
Nearby subway lines
2
3
4
5
S