Updated 9 years ago
Sold
438 Franklin Ave
Bedford Stuyvesant, Brooklyn | Madison Street & Putnam Ave
14 Rooms8 Beds5 Baths4,308 Square FeetMulti-Family
$1,975,000
floors / apts3 / 3
Lot Size20'x100'
Built Size20'x55'
ZoneR6A
Building TypeTownhouse
RE Taxes$8,676
Price Per SF
$458
This property was sold for $1,975,000 on 08/17/16.
Outdoor space and views
- Backyard
- Terrace
- Treeline Views
Property Description for 438 Franklin Ave
New to the Market! Built just seven years ago, this three-family Bedford Stuyvesant townhouse is in very good condition. With a 1,000 SF two-bedroom, one bath unit on the first floor and two (2) three-bedroom, two-bath, 1,100 SF units on the second and third floors, this property represents an excellent investment opportunity. With a maximum FAR of 3.00 and an as built FAR of 2.15, zoning allows for an additional 1,700 SF to be added to the existing 4,300 SF. First floor ownerâs unit will be delivered vacant. Second floor and third floor units are leased through August 2016 and January 2017, respectively. Tenants pay utilities and are individually metered. Each unit has its own boiler & hot water heater, washer & dryer and storage space in the basement.
Listing History for 438 Franklin Ave
Now
08/17/2016
$1,975,000
Sold and Closed by Joseph T. Hamdan
MYNY Residential
06/01/2016
Contract Signed by
MYNY Residential
Building Details for 438 Franklin Ave
OwnershipMulti-Family
Building TypeTownhouse
AgePost-War
AccessWalk-up
Year Built2009
Floors/Apts3/3
Transit and Citi Bike
Subway
Franklin Av
0.16 miles
Nostrand Av
0.39 miles
Classon Av
0.41 miles
Bedford-Nostrand Avs
0.44 miles
Clinton-Washington Avs
0.49 miles
Citi Bike
Monroe St & Classon Ave
0.14 miles
Hancock St & Bedford Ave
0.16 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
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: 63079TH
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