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631 Franklin Avenue, Brooklyn, NY 11238

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For Sale

$2,100,000

3,400 sqft

Estimated Payment

$ 11,974 /mo. †

6.76% APR for 30 yrs.
$12,802 in taxes
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
  • 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 Milestone Team Realty

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 Milestone Team Realty

(718) 291-7000
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $10,908
  • Property Taxes
    $1,066
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $11,974

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

Schools

Brooklyn Arts And Science Elementary School

Grades KG-5 Public School

Brooklyn, NY 11238 0.2 miles
443 saint marks ave

303 total students
11:1 Student teacher ratio

School Rating: C-

School Details
Other Nearby Schools Distance Type Grades School Rating
Explore Exceed Charter School 0.2 miles Public KG-8 B-
P.s. 138 Brooklyn 0.3 miles Public PK-8 B-
Success Academy Charter School-prospect Heights 0.3 miles Public KG-8 A
P.s. 316 Elijah Stroud School 0.3 miles Public KG-6 A-
Elijah Stroud Middle School 0.3 miles Public 6-8 B-
Gotham Professional Arts Academy 0.3 miles Public 9-12
P.s. 3 The Bedford Villageschool 0.4 miles Public KG-5 C-
Brooklyn Waldorf School 0.4 miles Private PK-8
Epiphany Lutheran Elementary School 0.4 miles Private PK-8
Bethel Elementary School 0.4 miles Private PK-7
P.s. 93 William H. Prescott School 0.5 miles Public KG-6 C
Satellite East Middle School 0.5 miles Public 6-8 D+
Aspirations Diploma Plus High School 0.5 miles Public 9-12
P.s. 9 Teunis G. Bergen School 0.6 miles Public PK-5 B
Brooklyn Academy Of Science And The Environment 0.6 miles Public 9-12 D+
Brooklyn School For Music & Theater 0.6 miles Public 9-12 C-
High School For Global Citizenship (the) 0.6 miles Public 9-12 C-
International High School At Prospect Heights 0.6 miles Public 9-12 F
Bedford Academy High School 0.6 miles Public 9-12 A+

Explore Exceed Charter School

Distance: 0.2 miles

Type Public

Grades: KG-8

B-

P.s. 138 Brooklyn

Distance: 0.3 miles

Type Public

Grades: PK-8

B-

Success Academy Charter School-prospect Heights

Distance: 0.3 miles

Type Public

Grades: KG-8

A

P.s. 316 Elijah Stroud School

Distance: 0.3 miles

Type Public

Grades: KG-6

A-

Elijah Stroud Middle School

Distance: 0.3 miles

Type Public

Grades: 6-8

B-

Gotham Professional Arts Academy

Distance: 0.3 miles

Type Public

Grades: 9-12

P.s. 3 The Bedford Villageschool

Distance: 0.4 miles

Type Public

Grades: KG-5

C-

Brooklyn Waldorf School

Distance: 0.4 miles

Type Private

Grades: PK-8

Epiphany Lutheran Elementary School

Distance: 0.4 miles

Type Private

Grades: PK-8

Bethel Elementary School

Distance: 0.4 miles

Type Private

Grades: PK-7

P.s. 93 William H. Prescott School

Distance: 0.5 miles

Type Public

Grades: KG-6

C

Satellite East Middle School

Distance: 0.5 miles

Type Public

Grades: 6-8

D+

Aspirations Diploma Plus High School

Distance: 0.5 miles

Type Public

Grades: 9-12

P.s. 9 Teunis G. Bergen School

Distance: 0.6 miles

Type Public

Grades: PK-5

B

Brooklyn Academy Of Science And The Environment

Distance: 0.6 miles

Type Public

Grades: 9-12

D+

Brooklyn School For Music & Theater

Distance: 0.6 miles

Type Public

Grades: 9-12

C-

High School For Global Citizenship (the)

Distance: 0.6 miles

Type Public

Grades: 9-12

C-

International High School At Prospect Heights

Distance: 0.6 miles

Type Public

Grades: 9-12

F

Bedford Academy High School

Distance: 0.6 miles

Type Public

Grades: 9-12

A+

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Brooklyn, NY 11238

Tour the area

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Brooklyn, NY 11238

This community’s employment is highest in the education and food industries. The area’s overall household expenses are above the national average.

84° July
Hottest Average Month
25° January
Coldest Average Month
25,868 Total Households in Area
-7.2% Increase in population since the year 2010
20.7%
of households
have children
32 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Brooklyn, NY 11238

Brooklyn, NY 11238 has a population of 56,470 people in 25,868 households with a median age of 35.7 years old.

-7.2%
Decrease in population
since the year 2010
Population is Trending down
27,437
Total households as of 2010
1.5%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 35.7 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 44%
Black 31%
Hispanic 12%
Asian 8%
Other 5%
Native American <1%
The most prevalent ethnicity is White at 44%, followed by Black at 31%, Hispanic at 12%, and Asian at 8%.

Economics
for Brooklyn, NY 11238

58,589 /sq mi
Population Density
$123,927 /yr
Median Household Income
$1,300,000
Median Sales Price
32 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Over $200k representing 25.88% of the households.

Transportation to Work

  • Public Transit 57%
  • Work from Home 23%
  • Walk or Bike 13%
  • Drive 8%

Occupancy by Type

Rented 18,621 67%
Owned 7,247 26%
Vacant 1,992 7%

White vs Blue Collar Jobs







White Collar 94%
Blue Collar 6%

Family & Education Facts
for Brooklyn, NY 11238

35.7 Median Age

Average Household Size

2.2
persons per
household

32.3%

Married Households

Community Population By Education

Bachelors Degree 38%
Graduate Degree 31%
High School Graduate 11%
Some College 8%
Some High School 8%
Associates Degree 4%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 38.02% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
20.8% of households have children

Weather
for Brooklyn, NY 11238

The weather for this area ranges from a high of 84° F in July to a low of 25° F in January

84° July
Hottest Average Month
25° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
25°
38°
Feb
26°
41°
Mar
33°
49°
Apr
42°
60°
May
52°
70°
Jun
62°
79°
Jul
68°
84°
Aug
66°
83°
Sep
59°
76°
Oct
49°
65°
Nov
40°
54°
Dec
30°
42°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Brooklyn, NY 11238!
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Copyright © 2025 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© 2025. 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.

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