685 Franklin Avenue New York City, NY 11238
Listing Courtesy of: REBNY / Corcoran Group

  685 Franklin Avenue New York City, NY 11238

Active (144 Days)
$4,000,000
18
BED
14
BATH
2,430
SQFT

Description

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.

MLS #:
RPLU-33422969629
Taxes
$59,808
Lot Size
2700 acres
Type
Single-Family Home
County
Kings County
Community
Crown Heights

Listed By

Sebastian Lopera, Corcoran Group
Source
REBNY
Last checked Sep 8 2024 at 12:49 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 14
Interior Features
  • Laundry: In Unit
Subdivision
  • Crown Heights
Basement Information
  • Other
Parking
  • Garage
  • Assigned
Stories
  • 4
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by CENTURY 21 Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Real Estate Board of New York (REBNY). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 9/7/24 17:49