Building
| Type: | Low-rise |
|---|---|
| Era: | Post-war |
| Floors: | 4 |
Property
| Ownership: | Income Property |
|---|---|
| Rooms: | 40 |
| Bedrooms: | Studio |
FinancialsPrice: $4,000,000
| Price: | $4,000,000 |
|---|
DescriptionWe 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.
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.
2 Studios
6 One Bedrooms
6 Two Bedrooms
1 Garage
1 Commercial space with 10 year lease
Capital improvements include recently updated roof and electric/gas meters/water heaters in 2021
AMAZING 4.32%CAP
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.
AmenitiesGarage;
- Garage
- Voice Intercom
- Walk-up
Neighborhood
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.
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.
2 Studios
6 One Bedrooms
6 Two Bedrooms
1 Garage
1 Commercial space with 10 year lease
Capital improvements include recently updated roof and electric/gas meters/water heaters in 2021
AMAZING 4.32%CAP
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.
Garage;
- Garage
- Voice Intercom
- Walk-up
Neighborhood
We are excited to announce a once in a lifetime opportunity to own a piece of iconic Brooklyn.
DescriptionWe 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.
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.
2 Studios
6 One Bedrooms
6 Two Bedrooms
1 Garage
1 Commercial space with 10 year lease
Capital improvements include recently updated roof and electric/gas meters/water heaters in 2021
AMAZING 4.32%CAP
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.
AmenitiesGarage;
- Garage
- Voice Intercom
- Walk-up
Neighborhood
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.
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.
2 Studios
6 One Bedrooms
6 Two Bedrooms
1 Garage
1 Commercial space with 10 year lease
Capital improvements include recently updated roof and electric/gas meters/water heaters in 2021
AMAZING 4.32%CAP
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.
Garage;
- Garage
- Voice Intercom
- Walk-up
Neighborhood
RLS Data display by Nest Seekers LLC.
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. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.