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Sold
  • $2,075,000

    345 Franklin Ave, Brooklyn, NY 11238

    5beds
    3,316sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $2,995,300 Zestimate®
    $626/sqft
    $5,859 Estimated rent

    Home value

    $2,995,300

    $2.58M - $3.50M

    $5,859/mo

    Zestimate® history
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    Owner options

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    $5,859/mo

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    $5,859/mo

    Rent Zestimate®

    Refinance and save

    $10,017/mo

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    $10,017/mo

    Est. payment

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    What's special

    Live and invest in one of Brooklyn's hottest neighborhoods! Trying to make sense of this wild real estate market? 345 Franklin Avenue might be the solution. This 21' wide three-family home comprises four stories plus a full basement in move-in ready condition. Live in one unit and rent the other two to make your monthlies manageable, or bring your architect to envision how to update this historic building. Use the 1,760sf available FAR to make this the home of your dreams.  Located at the border of Bed Stuy and Clinton Hill, you'll be close to fantastic restaurants, shops, Pratt and transit. Originally a storefront with apartments above, this home was completely rebuilt in 2005, adding new wood floors, a steel interior stair, skylight, and all new mechanicals. The 1600sf owner's duplex features high ceilings, hardwood floors, great storage, three bedrooms, two full baths, and a full-sized vented washer/dryer. The huge eat-in kitchen and dining room open to the back yard.  Offset your mortgage with the rental units, each featuring a massive bedroom that could be converted to two. The gas and electric are separately metered, and the property has a solid rental history. If you're looking for period detail, this may not be the home for you. But if  you're considering becoming a landlord and you want a rock solid investment, come see 345 Franklin Avenue.  Photos are of the fourth floor apartment - more pics and floor plan to follow. Don't miss this one!

    Zillow last checked:

    Listing updated:

    Listed by:

    Christina Fallon,

    Realty Collective,

    Victoria Alexander

    Source: StreetEasy,MLS#: S1671697

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Appliances
    • Included: Washer/Dryer
    • Laundry: Inside
    Features
    • Flooring: Hardwood
    Interior area
    • Total structure area: 3,316
    • Total interior livable area: 3,316 sqft

    Property

    Features
    • Patio & porch: Other
    • Exterior features: Courtyard, Garden
    • Has view: Yes
    • View description: City, Garden
    Details
    • Parcel number: 019680008
    • Special conditions: Resale

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Roof: Roof Rights
    Condition
    • Year built: 1930

    Community & HOA

    Community
    • Subdivision: Bedford-Stuyvesant
    HOA
    • Has HOA: Yes
    • Amenities included: Laundry
    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $626/sqft
    • Tax assessed value: $2,898,000
    • Annual tax amount: $11,160
    • Date on market: 7/13/2023

    Price history

    DateEventPrice
    11/29/2023Sold$2,075,000+3.8%$626/sqft
    Source: Public Record Report a problem
    11/7/2023Pending sale$1,999,000$603/sqft
    Source: StreetEasy Report a problem
    11/7/2023Listing removed--
    Source: StreetEasy Report a problem
    10/17/2023Pending sale$1,999,000$603/sqft
    Source: StreetEasy Report a problem
    10/17/2023Listing removed--
    Source: StreetEasy Report a problem
    8/9/2023Pending sale$1,999,000$603/sqft
    Source: StreetEasy Report a problem
    7/13/2023Listed for sale$1,999,000+261.5%$603/sqft
    Source: StreetEasy Report a problem
    3/14/2010Sold$552,902$167/sqft
    Source: Public Record Report a problem
    5/23/2005Sold$552,902$167/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,064 -1.2%$173,880 +9.7%
    2024$13,223 $158,460 +13.2%
    2023-- $140,040 +22.2%
    2022-- $114,600 -3.1%
    2021-- $118,320 -17.5%
    2020$8,247 +12.9%$143,460 +25.8%
    2019$7,305 -35.9%$114,060 +109.5%
    2018$11,391 +8.8%$54,452 +6%
    2017$10,472 +145.5%$51,370 +6%
    2016$4,265 $48,463 +6%
    2015$4,265 +281.4%$45,720
    2014$1,118 $45,720 -0.9%
    2013-- $46,140 +0.1%
    2012-- $46,080 -5.2%
    2011-- $48,600 -10%
    2010-- $54,000
    2009-- $54,000 +0.8%
    2008-- $53,595 +6%
    2007-- $50,562 +6%
    2006-- $47,700 +6%
    2005-- $45,000
    Find assessor info on the county website

    Neighborhood: Bedford-Stuyvesant

    Nearby schools

    GreatSchools rating