Updated 5 years ago
Off Market
735 Franklin Ave
Crown Heights, Brooklyn | Sterling Place & Park Place
4 Rooms2 Beds1 Bath2,430 Square FeetMulti-Family
$2,350,000
floors / apts3 / 3
Lot Size18'x75'
Built Size18'x45'
ZoneR6
Building TypeTownhouse
RE Taxes$3,960
Price Per SF
$967
Outdoor space and views
- Backyard
Building Amenities
- Video Intercom
Property Description for 735 Franklin Ave
Located in prime Crown Heights on vibrant Franklin Avenue between Park and Sterling Place, this brick townhouse offers various possibilities for the investor, developer, and owner-occupier alike. Currently configured as three high-income producing free-market rentals, this property will be delivered fully occupied with tenants in place, making this a completely turnkey investment.
Apartment 1 is a large duplex featuring two full bedrooms, two full bathrooms, a finished rec room, and exclusive access to the backyard. There is a washer/dryer in the unit, and the kitchen is outfitted with stainless appliances, including a dishwasher, stove, and microwave.
Apartments 2 and 3 are both open and bright 2BR 1BA floor-through units. The kitchens contain a full suite of stainless appliances - including stove, dishwasher, and microwave - and are open to the living and dining areas. All the bedrooms are bright and quiet, facing the rear of the building. The renovated bathrooms have lovely subway tiling, and both units comes with a washer/dryer and charming exposed brick in the living rooms.
Seize this rare opportunity to own a well-maintained 3-family brick townhouse in the heart of Crown Heights, with an established rent roll and plenty of upside in a renovated and well-maintained building. Crown Heights is a unique gem of a neighborhood where you'll never run out of things to do and see. Take walks in the nearby Brooklyn Botanical Gardens and Prospect Park, browse the artwork at the Brooklyn Museum and indulge in the endless picks of cafes and trendy restaurants all nearby. A quick three blocks to the 2,3,4 and 5 Franklin Avenue Station, easy access to Manhattan and the rest of Brooklyn.
Complete setup with income/expense breakdown available upon request.
Apartment 1 is a large duplex featuring two full bedrooms, two full bathrooms, a finished rec room, and exclusive access to the backyard. There is a washer/dryer in the unit, and the kitchen is outfitted with stainless appliances, including a dishwasher, stove, and microwave.
Apartments 2 and 3 are both open and bright 2BR 1BA floor-through units. The kitchens contain a full suite of stainless appliances - including stove, dishwasher, and microwave - and are open to the living and dining areas. All the bedrooms are bright and quiet, facing the rear of the building. The renovated bathrooms have lovely subway tiling, and both units comes with a washer/dryer and charming exposed brick in the living rooms.
Seize this rare opportunity to own a well-maintained 3-family brick townhouse in the heart of Crown Heights, with an established rent roll and plenty of upside in a renovated and well-maintained building. Crown Heights is a unique gem of a neighborhood where you'll never run out of things to do and see. Take walks in the nearby Brooklyn Botanical Gardens and Prospect Park, browse the artwork at the Brooklyn Museum and indulge in the endless picks of cafes and trendy restaurants all nearby. A quick three blocks to the 2,3,4 and 5 Franklin Avenue Station, easy access to Manhattan and the rest of Brooklyn.
Complete setup with income/expense breakdown available upon request.
10.1.1
10.1.3
Listing History for 735 Franklin Ave
Now
08/10/2021
TOM by Craig Yoskowitz
Corcoran
07/14/2021
$2,350,000
Initial Price by Craig Yoskowitz
Corcoran
Building Details for 735 Franklin Ave
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVideo Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/3
Transit and Citi Bike
Subway
Park Pl
0.1 miles
Franklin Av-Medgar Evers College
0.21 miles
Botanic Garden
0.26 miles
Nostrand Av
0.41 miles
Eastern Pkwy-Brooklyn Museum
0.42 miles
Citi Bike
Park Pl & Franklin Ave
0.05 miles
Sterling Pl & Bedford Ave
0.14 miles
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: 57323TH
Find home. Discover happiness.