$3,050,000
Updated 2 years ago
Sold

701 Franklin Ave

Crown Heights, Brooklyn | Prospect Place & Park Place

25 Rooms11 Beds6 Baths5,880 Square FeetMulti-Family

$3,050,000
floors / apts4 / 4
Lot Size20'x100'
Built Size20'x83'
ZoneR7A
Building TypeHouse
RE Taxes$9,421
Price Per SF
$519

This property was sold for $3,050,000 on 12/05/24.

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom

Property Description for 701 Franklin Ave

Welcome to Franklin Avenue, a captivating and ENORMOUS four-family house nestled in the heart of Brooklyn, NY. Built in 1931, this charming residence offers the perfect blend of historic elegance and modern convenience. With 4 stories and 4 spacious units, this property is a true gem in the vibrant neighborhood of Franklin Avenue, Crown Heights. Offered at $3,640,000, this impressive property boasts 5,880 square feet of living space, offering generously spacious layouts for each unit at over 1,225 square feet each. The first-floor unit is a two bedroom, two full baths, two living rooms, and a spacious private backyard; while units #2, #3, and #4 are all three bedrooms with two living rooms and one bathroom each. As you come inside, you'll be greeted by expansive living rooms that provide a warm and inviting atmosphere, perfect for both relaxation and entertaining. The kitchens in each unit are bright, airy, and exceptionally spacious. Equipped with stainless steel appliances, including a refrigerator, oven, dishwasher, and microwave. Each unit also features a large dining room, ideal for hosting family dinners and gatherings with friends. The bedrooms are a serene retreat, featuring beautiful hardwood flooring that adds a touch of elegance and warmth to each space. High ceilings throughout the units enhance the sense of openness and grandeur, creating an airy and comfortable living environment. Two other standout features of Franklin Avenue are the outdoor backyard space accessible via the first-floor apartment, and the rooftop that overlook all of Brooklyn and well into Manhattan. Sitting on a 20'×100' lot, and with a residential FAR of 4.0, this property still has an additional 2,268' of buildable to reach its allowed maximum FAR of 8,148.' Like I say in the video, large format four families like this are quite RARE, so don't miss the opportunity to make this charming and spacious house your new home. Call me today to schedule your viewing.

Listing History for 701 Franklin Ave

Now
12/05/2024
$3,050,000
Sold and Closed by Luis E. Alvarez
eXp Realty BKNY
10/09/2024
Contract Signed by Luis E. Alvarez
eXp Realty BKNY

Building Details for 701 Franklin Ave

OwnershipMulti-Family
Building TypeHouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Park Pl
0.08 miles
Franklin Av-Medgar Evers College
0.28 miles
Botanic Garden
0.33 miles
Franklin Av
0.42 miles
Nostrand Av
0.44 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.5 miles

Citi Bike

Park Pl & Franklin Ave
0.03 miles
Franklin Ave & St Marks Ave
0.09 miles

Contact Agent

Contact Agent

Luis Alvarez
eXp Realty BKNY

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: 96519TH