Skip to main content
Back to Search Results
|

631 Franklin Avenue, Brooklyn, NY 11238

Show All 7 Photos
For Sale

$2,100,000

3,400 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $617.65
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Welcome to a distinguished corner property nestled in the dynamic Crown Heights neighborhood of Brooklyn. This impressive investment opportunity spans three stories plus a basement, featuring a first-level commercial space and two upper rental apartments, complemented by three garages. Strategically positioned at the intersection of Crown Heights and Prospect Heights, this brick beauty offers versatility and potential for both investors and owner-occupiers. The ground floor boasts a prominent commercial area with excellent visibility, ideal for attracting foot traffic and enhancing business prospects. Above, two well-appointed apartments promise comfortable living spaces for tenants seeking the quintessential Brooklyn experience. Spread across a generous 20' × 80' lot with R7A zoning, this property also presents an additional 3,000 square feet of buildable air rights (subject to architect/engineer confirmation). This significant potential allows for future expansion, making it a standout opportunity in Brooklyn s competitive real estate market. The full basement with high ceilings offers ample storage or workshop space, catering to a variety of needs and enhancing the property s utility. Beyond its physical attributes, enjoys a prime location near bustling dining and retail hubs along Franklin, Flatbush, Washington, and Vanderbilt Avenues. Residents and tenants benefit from seamless access to transportation with nearby train and bus services, ensuring effortless connectivity throughout the city. The property is being offered subject to the existing tenancy on the first and second floors, with the top-floor apartment available for immediate occupancy, this property offers a balanced blend of stability and flexibility for prospective buyers.
MLS# 484044

Courtesy Of Century 21 Block & Lot R.E

(718) 768-4500

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Hardwood, Laminate, Linoleum
  • Heating System
    Radiator, Steam
  • Lot Size
    0.04 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 631 Franklin Avenue, Brooklyn, NY 11238

Home seller CENTURY 21 American Homes

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 American Homes

(718) 395-5626
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

Copyright © 2024 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Loading