$1,500,000
Updated 11 years ago
Off Market

795 Franklin Ave

Crown Heights, Brooklyn | Saint Johns Place & Lincoln Place

3,300 Square FeetMixed Use

$1,500,000
floors / apts3 / 4
Lot Size20'x90'5"
Built Size20'x55'
ZoneC1-3
Building TypeTownhouse
Price Per SF
$455

Property Description for 795 Franklin Ave

The subject property is located on the west side of Franklin Avenue between St. Johns and Lincoln Place in the Prospect Heights/Crown Heights “ProCro” neighborhood of Brooklyn. The subject mixed-use building contains one retail unit and four residential apartments. The building measures approximately 20’ x 55’ over three stories and consists of approximately 3,300 square feet. Currently the retail tenant, Brooklyn Yoga Collective, contains a lease through 2017. The four residential apartments are on month-to-month leases and remain well below market rate rents. The building presents the opportunity for an owner/user to occupy the entire residential space and/or for an investor to add value through increasing the residential rents. The property is conveniently located just a block away from the Franklin Avenue subway station containing direct access to the 2,3,4,5 subway lines with transportation through Brooklyn and Manhattan.

Listing History for 795 Franklin Ave

Now
09/09/2014
$1,600,000
Sold and Closed by Stephen Palmese
Cushman & Wakefield
05/09/2014
POM by Stephen Palmese
Cushman & Wakefield

Building Details for 795 Franklin Ave

OwnershipMixed Use
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

Franklin Av-Medgar Evers College
0.08 miles
Botanic Garden
0.14 miles
Park Pl
0.21 miles
Eastern Pkwy-Brooklyn Museum
0.37 miles
Nostrand Av
0.38 miles

Citi Bike

Eastern Pkwy & Franklin Ave (NE Corner)
0.07 miles
Eastern Pkwy & Franklin Ave (SW Corner)
0.1 miles

Contact Agents

Contact Agents

Stephen Palmese
Cushman & Wakefield
Michael Amirkhanian
Cushman & Wakefield
Michael Mazzara
Cushman & Wakefield

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: 52034TH