685 Franklin Avenue Unit NA, New York, NY 11238

$5,500,000
18
BD
14
BA
List Price
$5,500,000
Bedrooms
18
Bathrooms
14
Status
ACTIVE
Neighborhood
Crown Heights
Region
Brooklyn
MLS#
RPLU-33421858400

Property 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.<br> <br> 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.<br> <br> 2 Studios<br> 6 One Bedrooms<br> 6 Two Bedrooms<br> 1 Garage<br> 1 Commercial space with 10 year lease<br> <br> Capital improvements include recently updated roof and electric/gas meters/water heaters in 2021<br> <br> AMAZING 4.32%CAP<br> <br> 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.

Additional Information

Pets Allowed
BuildingNo, No

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Listing courtesy of Corcoran Group.