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Listing Courtesy of Douglas Elliman Real Estate
$2,750,000
Est. payment /mo
6 Beds
4 Baths
4,360 SqFt
UPDATED:
10/31/2024 11:49 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,360 sqft
Price per Sqft $630
Subdivision Crown Heights
MLS Listing ID RPLU-5123231015
Style Walk-Up
Bedrooms 6
HOA Y/N Yes
Year Built 1910
Property Description
Introducing 760 Franklin Avenue, an early-twentieth century, fully free market, mixed-use property in the vibrant neighborhood of Crown Heights, nestled between Saint Johns & Lincoln Place. This exceptional property features three units: a commercial space on the ground floor and two residential floor-through units above. The building is situated on a 20 ft 92 ft lot with building dimensions of 20 ft 55 ft, offering 2,999 sq ft of unused FAR and R7A, C2-4 zoning, making it a prime value-add opportunity in a non-landmarked district. The current rent roll is below market, providing upside with improvements. Perfect for an investor or end-user with 1031 exchange needs. 760 Franklin Avenue presents significant untapped potential and may be delivered vacant. Only a short jaunt from Prospect Park, as well as transportation such as the S, 2, 3, 4 & 5 trains at Franklin Av. Local favorites include Brooklyn Museum, Library, & Botanic Garden, Altar, Arden, Ras Plant Based, Mayfield, Barboncino Pizza & Bar, Chavela's, MISC, and everything else that fabulous Crown Heights and neighboring areas offer.
Location
Rooms
Basement Other
Interior
Fireplace No
Laundry Building None
Exterior
Exterior Feature None
View Y/N No
Porch None
Private Pool No
Building
Story 3
New Construction No
Others
Ownership Rental Building
Special Listing Condition Standard
Pets Allowed Building No, No
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716