Introducing 625 Franklin Avenue, a mid-century, fully free-market three-family townhouse in the heart of Crown Heights, ideally positioned between Bergen and Dean Streets. This income-producing asset comprises three full-floor units: a ground-floor one-bed, one-bath with private backyard access, and two spacious two-bed, one-bath apartments above-each fully turn-key. Comprehensively gut-renovated in 2017, the property boasts all-new electrical and plumbing systems, high-efficiency tankless boilers for every unit, and a stucco façade. The current owner installed a brand-new roof in 2024 and maintains flashing on a four-year cycle. A fully finished basement provides ample storage cages and washer/dryer hookup, further enhancing functionality and rental appeal. Sited on a 20" 80" lot with building dimensions of 20" 45', the property benefits from R7A/C2-4 zoning and an impressive 3,696 sq ft of unused FAR-an exceptional value-add and development opportunity in a non-landmarked district. Whether you're an investor seeking strong rental upside or an end-user pursuing a 1031 exchange, 625 Franklin Avenue delivers significant upside potential. Just a short stroll from Prospect Park and well-served by transit-including the S train at Park Place and the A, C, and S lines at Franklin Avenue-the location offers unrivaled convenience. Nearby cultural and culinary highlights include the Brooklyn Museum, Brooklyn Botanic Garden, and Brooklyn Public Library, as well as acclaimed restaurants such as Mayfield, Chavela's, Cafe Rue Dix, Arden, La'Mode BK, Silver Rice. Experience the dynamic energy and enduring appeal of Crown Heights, Prospect Heights, and beyond at 625 Franklin Avenue.
In contract
$2,125,000
625 Franklin Ave, Brooklyn, NY 11238
5beds
2,700sqft
Multi Family
Built in 1920
-- sqft lot
$2,060,000 Zestimate®
$787/sqft
$-- HOA
What's special
Fully finished basementAmple storage cagesFully turn-keyThree full-floor units
- 435 days
- 54
- 0
Zillow last checked:
Listing updated:
Listed by:
Douglas Elliman 347-381-4168,
Jason Abrishami,
Jerry Minsky
Source: StreetEasy,MLS#: S1778175
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Cooling
- Central Air
Features
- Flooring: Hardwood
Interior area
- Total structure area: 2,700
- Total interior livable area: 2,700 sqft
Property
Features
- Patio & porch: Other
- Exterior features: Garden
Details
- Parcel number: 012110004
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1920
Community & HOA
Community
- Subdivision: Crown Heights
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $787/sqft
- Tax assessed value: $2,329,000
- Annual tax amount: $7,860
- Date on market: 6/30/2025
Estimated market value
$2,060,000
$1.96M - $2.16M
$5,186/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Contingent | $2,125,000$787/sqft |
Source: StreetEasy #S1778175 Report a problem | ||
| 4/22/2026 | Listed for sale | $2,125,000$787/sqft |
Source: StreetEasy #S1778175 Report a problem | ||
| 11/10/2025 | Contingent | $2,125,000$787/sqft |
Source: StreetEasy #S1778175 Report a problem | ||
| 9/2/2025 | Price change | $2,125,000-5.6%$787/sqft |
Source: StreetEasy #S1778175 Report a problem | ||
| 6/30/2025 | Listed for sale | $2,250,000-6.1%$833/sqft |
Source: StreetEasy #S1778175 Report a problem | ||
| 9/7/2021 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 8/15/2021 | Price change | $2,397,000-0.5%$888/sqft |
Source: StreetEasy #21005183 Report a problem | ||
| 7/30/2021 | Price change | $2,410,000-1.6%$893/sqft |
Source: StreetEasy #21005183 Report a problem | ||
| 6/28/2021 | Price change | $2,450,000-1.5%$907/sqft |
Source: | ||
| 6/5/2021 | Listed for sale | $2,488,000+0.7%$921/sqft |
Source: | ||
| 10/8/2020 | Listing removed | $2,470,000$915/sqft |
Source: Douglas Elliman #4124313 Report a problem | ||
| 8/10/2020 | Listed for sale | $2,470,000-1.2%$915/sqft |
Source: Douglas Elliman #4124313 Report a problem | ||
| 8/8/2018 | Listing removed | $2,500,000$926/sqft |
Source: Exit Realty Team #3050808 Report a problem | ||
| 7/23/2018 | Listed for sale | $2,500,000$926/sqft |
Source: Exit Realty Team #P1322226 Report a problem | ||
| 5/11/2018 | Listing removed | $2,500,000$926/sqft |
Source: Exit Realty Team #3013237 Report a problem | ||
| 4/17/2018 | Price change | $2,500,000-7.4%$926/sqft |
Source: Exit Realty Team #3013237 Report a problem | ||
| 4/6/2018 | Price change | $2,700,000-10%$1,000/sqft |
Source: Exit Realty Team #3013237 Report a problem | ||
| 3/26/2018 | Price change | $2,999,000-6.3%$1,111/sqft |
Source: Exit Realty Team #3013237 Report a problem | ||
| 3/19/2018 | Listed for sale | $3,200,000+118.8%$1,185/sqft |
Source: Exit Realty Team #P1309802 Report a problem | ||
| 1/31/2017 | Sold | $1,462,500+330.1%$542/sqft |
Source: Public Record Report a problem | ||
| 4/20/2004 | Sold | $340,000+23.6%$126/sqft |
Source: Public Record Report a problem | ||
| 12/21/1999 | Sold | $275,000$102/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,817 -0.7% | $139,740 -0.2% |
| 2024 | $7,869 | $139,980 +5.3% |
| 2023 | -- | $132,960 +22.2% |
| 2022 | -- | $108,840 +27.7% |
| 2021 | -- | $85,260 +7.2% |
| 2020 | $3,450 +1.1% | $79,500 +6.3% |
| 2019 | $3,413 +7.2% | $74,820 +391.4% |
| 2018 | $3,185 +8.6% | $15,225 +5.8% |
| 2017 | $2,933 +10.4% | $14,389 +5.9% |
| 2016 | $2,656 | $13,584 |
| 2015 | $2,656 +87.4% | $13,584 +1.1% |
| 2014 | $1,417 | $13,436 +5.9% |
| 2013 | -- | $12,688 +5.8% |
| 2012 | -- | $11,991 +5.9% |
| 2011 | -- | $11,320 |
| 2010 | -- | $11,320 +1.1% |
| 2009 | -- | $11,197 +5.9% |
| 2008 | -- | $10,574 +5.8% |
| 2007 | -- | $9,993 +5.9% |
| 2006 | -- | $9,434 |
| 2005 | -- | $9,434 +1.1% |
| 2004 | -- | $9,331 +5.9% |
| 2003 | -- | $8,812 +5.8% |
| 2002 | -- | $8,328 +5.9% |
| 2001 | -- | $7,862 |
| 2000 | -- | $7,862 |
Find assessor info on the county website







