631 Franklin AVE, Brooklyn, NY 11238
631 Franklin AVE, Brooklyn, NY 11238
631 Franklin AVE, Brooklyn, NY 11238
631 Franklin AVE, Brooklyn, NY 11238
631 Franklin AVE, Brooklyn, NY 11238
631 Franklin AVE, Brooklyn, NY 11238
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 2,100,000
Est. payment | /mo

3,400 SqFt

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$ 2,100,000
Est. payment | /mo
Save Virtual Tour

3,400 SqFt

Key Details

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $617

MLS Listing ID 484044

Year Built 1905

Annual Tax Amount $12,802

Property Sub-Type Mixed Use

Property 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.

Location

State NY

County Kings (brooklyn)

Area Crown Heights

Zoning R7A

Rooms

Basement Cellar, Full, Unfinished

Interior

Interior Features None

Hot Water Gas

Heating Gas

Flooring Hardwood, Laminate, Linoleum

Heat Source Gas

Exterior

Exterior Feature Brick

Roof Type Asphalt/Tar,Flat

Handicap Access No

Building

Story 3

Foundation Stone

Others

Energy Description Gas

Financing 1031 Exchange,Bank Mortgage,Cash

Virtual Tour https://www.Bellmarc.com

Listed by Bellmarc

NEARBY SCHOOL & BUSINESS

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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631 Franklin AVE

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