Updated 2 years ago
Sold
363 Franklin Ave
Bedford Stuyvesant, Brooklyn | Lexington Ave & De Kalb Ave
15 Rooms7 Beds7 Baths3,798 Square FeetMulti-Family
$1,855,000
floors / apts3 / 3
Lot Size20'x100'
Built Size20'x65'
ZoneR6A
Building TypeTownhouse
RE Taxes$13,536
Price Per SF
$488
This property was sold for $1,855,000 on 08/19/24.
Outdoor space and views
- Balcony
- Frontyard [13'x20']
- Garden [20'x21']
Building Amenities
- Voice Intercom
Property Description for 363 Franklin Ave
BED STUY/ CLINTON HILL 3 FAMILY TOWNHOUSE
LOCATION... LOCATION... LOCATION...
20 BY 55 HOUSE
20 BY 100 LOT SIZE
3 UNITS WITH BONUS STUDIO SPACE
Monthly Rent (Current. All 3 leases expire on July 31, 2024)
1: $3,750
2: $3,025
3. $3,450
Total Revenue: $10,225 pm ($122,700 annual)
RE Taxes: $13,537 (2023/24)
Insurance: $3,500 (2023/24)
Total Tax + Insurance: $17,037
Total Income: $105,663
Projected Market Rent for (2024/25)
1: $3,900
2: $3,200
3: $3,550
Total: 10,650 pm ($127,800 annual)
Listing History for 363 Franklin Ave
Now
08/19/2024
$1,855,000
Sold and Closed by Ante Jakic
Compass
06/13/2024
Contract Signed by Ante Jakic
Compass
Building Details for 363 Franklin Ave
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2009
Floors/Apts3/3
Transit and Citi Bike
Subway
Classon Av
0.23 miles
Bedford-Nostrand Avs
0.25 miles
Franklin Av
0.38 miles
Citi Bike
Franklin Ave & Quincy St
0.04 miles
Lexington Ave & Classon Ave
0.14 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: 53995TH
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