For Sale
$2,750,000

760 Franklin Ave Brooklyn, NY 11238

3-Unit Building, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional three-unit mixed-use property, located at 760 Franklin Avenue in Brooklyn's vibrant Crown Heights neighborhood, presents a compelling investment opportunity. The early-twentieth-century building boasts 4,360 square feet across three stories, encompassing a ground-floor commercial storefront and two residential floor-through units above. Situated on a 20ft x 92ft lot (building dimensions 20ft x 55ft), the property offers significant upside potential. The current rent roll is below market value, allowing for immediate increases with improvements. The building benefits from 2,999 square feet of unused floor area ratio (FAR) and R7A, C2-4 zoning, providing flexibility for future development or expansion within this non-landmarked district. The property may be delivered vacant, offering immediate control to the new owner. Its prime location offers easy access to Prospect Park, the Brooklyn Museum, Botanic Garden, and Library, as well as convenient transportation via the S, 2, 3, 4, and 5 subway lines at Franklin Avenue. The surrounding area is rich with local amenities, including popular restaurants and shops. This is an ideal property for investors seeking value-add potential, particularly those with 1031 exchange needs. The asking price is $2,750,000.

Highlights

  • $2,750,000 Asking Price
  • Mixed-use building with 4,360 square feet
  • Three units: one commercial storefront and two residential units
  • Three-story building on a 20' x 92' lot in Crown Heights, Brooklyn, NY
  • R7A, C2-4 zoning with significant unused FAR.

Property Details for 760 Franklin Ave

Property type
Mixed-use properties
Square Feet
4,360 SF
Stories
3
Units
3

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6726485
Longitude
-73.9574935
760 Franklin Ave, Brooklyn, New York

FAQs

What type of property is this?
Mixed-use property - 3-Unit Building, High Potential
Where is the mixed-use property located?
The property is located at 760 Franklin Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: $2,750,000 Asking Price; Mixed-use building with 4,360 square feet; Three units: one commercial storefront and two residential units
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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760 Franklin Ave
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