$1,695,000
Updated 11 years ago
Sold

586 Franklin Ave

Crown Heights, Brooklyn | Pacific Street & Dean Street

16 Rooms5 Beds3 Baths3,200 Square FeetMulti-Family

$1,695,000
floors / apts3 / 2
Lot Size20'x80'
Built Size20'x40'
ZoneR6A
Building TypeHouse
RE Taxes$1,459
Price Per SF
$530

This property was sold for $1,650,000 on 01/27/16.

Building Amenities

  • Voice Intercom

Property Description for 586 Franklin Ave

Classic and Chic 4-story, 2-family, 20ft wide brownstone with 3,200sqft of useable space and many preserved details in arguably one of the most exciting Brooklyn brownstone neighborhoods. The property can easily be converted to a 4-family with an excellent return or used in its current state as a 2 family to create a residence with triplex and garden rental unit. Additional FAR available giving many options for this unique property. Possibly to add 5 foot extension. Sitting where Prospect Heights meets Crown Heights you can easily discover all that Brooklyn has to offer with nearby Brooklyn Flea, Bergn, many local eateries, picturesque cafes & artisanal shops plus subway access is a breeze with the C Franklin stop just a few blocks away. Mechanicals are in good condition as well as the roof and facade. Fully functioning and awaiting your cosmetic upgrades. Full ceiling height basement giving the new owner 5 floors to work with. Original pocket doors, shutters, floors, moldings & mantels plus high ceilings through out and floor to ceiling windows give this property an open, airy yet historic feel.

Building Details for 586 Franklin Ave

OwnershipMulti-Family
Building TypeHouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Franklin Av
0.17 miles
Park Pl
0.26 miles
Nostrand Av
0.31 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.38 miles

Citi Bike

Dean St & Franklin Ave
0.04 miles
Lefferts Pl & Franklin Ave
0.15 miles

Contact Agent

Contact Agent

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 60390TH