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631 Franklin Avenue Crown Heights Brooklyn, NY 11238
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  2. 631 Franklin Avenue
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
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631 Franklin Avenue

Crown Heights | BK
Dean St & Bergen St

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Contract Signed
$ 2,100,000
Building For Sale
Property Type
Contract Signed
Status
3,400/316
ASF/ASM
$ 12,802
Real Estate Taxes [Per Annum]
  • 631 Franklin Avenue
  • $ 2,100,000
631 Franklin Avenue Crown Heights Brooklyn, NY 11238

Building Details

631 Franklin Avenue Crown Heights Brooklyn, NY 11238
Mixed Use
Ownership
1211/1
Block/Lot
20'x45'
Building Size
20'x80'
Lot Size
R7A
Zoning
1905
Year Built
3
Floors

Photos

631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238
631 Franklin Avenue Crown Heights Brooklyn, NY 11238

Description

Welcome to a distinguished corner property nestled in the dynamic Crown Heights neighborhood of Brooklyn. This impressive investment opportunity spans three stories plus a basement, featuring a first-level commercial space and two upper rental apartments, complemented by three garages. Strategically positioned at the intersection of Crown Heights and Prospect Heights, this brick beauty offers versatility and potential for both investors and owner-occupiers. The ground floor boasts a prominent commercial area with excellent visibility, ideal for attracting foot traffic and enhancing business prospects. Above, two well-appointed apartments promise comfortable living spaces for tenants seeking the quintessential Brooklyn experience. Spread across a generous 20' × 80' lot with R7A zoning, this property also presents an additional 3,000 square feet of buildable air rights (subject to architect/engineer confirmation). This significant potential allows for future expansion, making it a standout opportunity in Brooklyn’s competitive real estate market. The full basement with high ceilings offers ample storage or workshop space, catering to a variety of needs and enhancing the property’s utility. Beyond its physical attributes, enjoys a prime location near bustling dining and retail hubs along Franklin, Flatbush, Washington, and Vanderbilt Avenues. Residents and tenants benefit from seamless access to transportation with nearby train and bus services, ensuring effortless connectivity throughout the city. The property is being offered subject to the existing tenancy on the first and second floors, with the top-floor apartment available for immediate occupancy, this property offers a balanced blend of stability and flexibility for prospective buyers.
Welcome to a distinguished corner property nestled in the dynamic Crown Heights neighborhood of Brooklyn. This impressive investment opportunity spans three stories plus a basement, featuring a first-level commercial space and two upper rental apartments, complemented by three garages. Strategically positioned at the intersection of Crown Heights and Prospect Heights, this brick beauty offers versatility and potential for both investors and owner-occupiers. The ground floor boasts a prominent commercial area with excellent visibility, ideal for attracting foot traffic and enhancing business prospects. Above, two well-appointed apartments promise comfortable living spaces for tenants seeking the quintessential Brooklyn experience. Spread across a generous 20' × 80' lot with R7A zoning, this property also presents an additional 3,000 square feet of buildable air rights (subject to architect/engineer confirmation). This significant potential allows for future expansion, making it a standout opportunity in Brooklyn’s competitive real estate market. The full basement with high ceilings offers ample storage or workshop space, catering to a variety of needs and enhancing the property’s utility. Beyond its physical attributes, enjoys a prime location near bustling dining and retail hubs along Franklin, Flatbush, Washington, and Vanderbilt Avenues. Residents and tenants benefit from seamless access to transportation with nearby train and bus services, ensuring effortless connectivity throughout the city. The property is being offered subject to the existing tenancy on the first and second floors, with the top-floor apartment available for immediate occupancy, this property offers a balanced blend of stability and flexibility for prospective buyers.

Listing Courtesy of Bellmarc

Features

Exposed Bricks
Hardwood Floors
631 Franklin Avenue Crown Heights Brooklyn, NY 11238

Contact

License Licensed As: Not Applicable
Coldwell Banker Reliable Real Estate

Coldwell Banker Reliable Real Estate

License Licensed As: Not Applicable
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Loan Amount

BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 484044