USANYBrooklynCrown Heights685 Franklin Ave
Listing image | Image 1

685 Franklin Ave, Brooklyn, NY

House

For Sale

Listed price in listed location currency (USD).
$3,500,000

18141

MLS® RLS20107412

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Residential
Size -
Garage Yes
Taxes $67,764
Days Active 12
Lot Size 2700 SF
Approx. Age 
MLS® Number RLS20107412

Property Address: 685 Franklin Ave, Brooklyn, NY, 11238-3712

Average square foot calculated using Size range provided by listing agent.

Description

<strong>Prime Crown Heights Corner Asset With Durable Income and Built-In Upside<br> </strong><br> 685 Franklin Avenue offers a rare opportunity to acquire a prominent corner mixed-use building in the heart of Crown Heights, just moments from Prospect Park.<br> Set on a 2, 790-square-foot lot, the property comprises <strong>14 rent-stabilized apartments, one commercial space, and one garage</strong>. The residential mix includes <strong>2 studios, 6 one-bedrooms, and 6 two-bedrooms</strong>, providing diversified and dependable in-place income.<br> <br> The commercial space is secured by a long-term lease and is undergoing a complete gut renovation, enhancing the property's value and strengthening its overall income profile. Significant capital improvements have already been completed, including a new roof and upgrades to the electrical system, gas metering, and water heaters in 2021, limiting near-term capital exposure for the next owner.<br> <br> Positioned along the dynamic Franklin Avenue corridor, the property benefits from exceptional visibility, consistent tenant demand, and convenient access to the <strong>2, 3, 4, 5, A, C, and S subway lines</strong>.<br> <br> With stable cash flow, major systems already addressed, and additional income growth in motion, <strong>685 Franklin Avenue represents a compelling opportunity to acquire a true corner asset in one of Brooklyn's most established and active investment markets.</strong><br>
MLS® NumberRLS20107412
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementOther
DrivewayAssigned, Garage
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 4, 2026List Date
$3,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
685 Franklin Ave, Brooklyn, NY

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