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In contract
  • $2,100,000

    631 Franklin Ave, Brooklyn, NY 11238

    6beds
    3,400sqft
    Loading
    Building
    Built in 1905
    -- sqft lot
    $1,938,800 Zestimate®
    $618/sqft
    $-- HOA

    What's special

    First-level commercial spaceStrategic corner propertyCorner property
    Welcome to 631 Franklin Ave, 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' x 80' lot with R7A zoning, this property also presents an additional 3,000 square feet of buildable air rights. 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, 631 Franklin Ave 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. Don't let this exceptional opportunity pass you by. Discover the potential of 631 Franklin Ave today and envision the possibilities of owning a strategic corner property in one of Brooklyn's most vibrant neighborhoods. Schedule your viewing now and seize this chance to invest in prime Brooklyn real estate.
    765 days
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    46
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    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    BELLMARC 718-768-4500,

    Gamal Hasan,

    Ali G Tom

    Source: StreetEasy,MLS#: S1723179

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 2
      • Full bathrooms: 2
      Features
      • Flooring: Hardwood
      Interior area
      • Total structure area: 3,400
      • Total interior livable area: 3,400 sqft

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Features
      • Has view: Yes
      • View description: Garden
      Details
      • Parcel number: 012110001
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Building
      Condition
      • Year built: 1905

      Community & HOA

      Community
      • Subdivision: Crown Heights
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $618/sqft
      • Tax assessed value: $849,000
      • Annual tax amount: $12,804
      • Date on market: 6/20/2024

        Estimated market value

        $1,938,800

        $1.55M - $2.40M

        $7,837/mo

        Price history

        DateEventPrice
        12/2/2025Contingent$2,100,000$618/sqft
        Source: StreetEasy #S1723179 Report a problem
        8/5/2025Listed for sale$2,100,000$618/sqft
        Source: StreetEasy #S1723179 Report a problem
        3/27/2025Pending sale$2,100,000$618/sqft
        Source: BNYMLS #484044 Report a problem
        3/18/2025Contingent$2,100,000$618/sqft
        Source: StreetEasy #S1723179 Report a problem
        6/20/2024Listed for sale$2,100,000$618/sqft
        Source: StreetEasy #1723179 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$13,019 +1.7%$382,050 -9.4%
        2024$12,802 $421,650 +7.7%
        2023-- $391,500 +5.6%
        2022-- $370,800 +25%
        2021-- $296,550 -8.3%
        2020$10,042 +2.2%$323,550 -1%
        2019$9,825 $326,700 +347.9%
        2018-- $72,936 +8%
        2017$8,590 -0.3%$67,536 +1%
        2016$8,616 $66,881 +8%
        2015$8,616 +64.6%$61,929 +2.2%
        2014$5,234 $60,593
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Crown Heights

        Getting around

        95 / 100
        Walker's Paradise
        92 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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