Welcome to Franklin Avenue, a captivating and ENORMOUS four-family house nestled in the heart of Brooklyn, NY. Built in 1931, this charming residence offers the perfect blend of historic elegance and modern convenience. With 4 stories and 4 spacious units, this property is a true gem in the vibrant neighborhood of Franklin Avenue, Crown Heights. Offered at $3,640,000, this impressive property boasts 5,880 square feet of living space, offering generously spacious layouts for each unit at over 1,225 square feet each. The first-floor unit is a two bedroom, two full baths, two living rooms, and a spacious private backyard; while units #2, #3, and #4 are all three bedrooms with two living rooms and one bathroom each. As you come inside, you’ll be greeted by expansive living rooms that provide a warm and inviting atmosphere, perfect for both relaxation and entertaining. The kitchens in each unit are bright, airy, and exceptionally spacious. Equipped with stainless steel appliances, including a refrigerator, oven, dishwasher, and microwave. Each unit also features a large dining room, ideal for hosting family dinners and gatherings with friends. The bedrooms are a serene retreat, featuring beautiful hardwood flooring that adds a touch of elegance and warmth to each space. High ceilings throughout the units enhance the sense of openness and grandeur, creating an airy and comfortable living environment. Two other standout features of Franklin Avenue are the outdoor backyard space accessible via the first-floor apartment, and the rooftop that overlook all of Brooklyn and well into Manhattan. Sitting on a 20'×100' lot, and with a residential FAR of 4.0, this property still has an additional 2,268’ of buildable to reach its allowed maximum FAR of 8,148.’ Like I say in the video, large format four families like this are quite RARE, so don’t miss the opportunity to make this charming and spacious house your new home. Call me today to schedule your viewing.
Sold for $3,050,000
$3,050,000
701 Franklin Ave, Brooklyn, NY 11238
11beds
5,880sqft
Multi Family
Built in 1931
-- sqft lot
$3,556,100 Zestimate®
$519/sqft
$-- Estimated rent
Home value
$3,556,100
$3.16M - $4.02M
Not available
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Luis E. Alvarez 305-915-4468,
eXp Realty BKNY
Source: BNYMLS,MLS#: 484062
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Oil, Steam/Radiator
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Refrigerator, Stove, Gas Water Heater
Features
- Flooring: Hardwood
- Doors: Door – Intercom
- Basement: Finished
Interior area
- Total structure area: 5,880
- Total interior livable area: 5,880 sqft
Property
Parking
- Parking features: Street, None
- Has uncovered spaces: Yes
Features
- Stories: 4
- Patio & porch: Deck Rooftop
- Exterior features: Patio Garden
Lot
- Size: 2,000 Square Feet
- Dimensions: 20x100
- Features: Back Yard, Irregular Lot
Details
- Foundation area: 1660
- Parcel number: 012310007
- Zoning: R7A
- Special conditions: Arm's Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Flat
Condition
- Year built: 1931
Utilities & green energy
- Electric: 110 V, 220 Volts, Circuit Breakers
Community & HOA
Community
- Subdivision: Brooklyn
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $519/sqft
- Tax assessed value: $1,646,000
- Annual tax amount: $9,421
- Date on market: 6/24/2024
- Cumulative days on market: 107 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/6/2024 | Sold | $3,050,000-16.2%$519/sqft |
Source: | ||
| 10/9/2024 | Pending sale | $3,640,000$619/sqft |
Source: | ||
| 6/24/2024 | Listed for sale | $3,640,000+970.6%$619/sqft |
Source: | ||
| 12/10/2010 | Sold | $340,000$58/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,654 +2.8% | $740,700 +6.6% |
| 2024 | $10,362 | $694,800 +14.3% |
| 2023 | -- | $607,950 +2.3% |
| 2022 | -- | $594,450 +25% |
| 2021 | -- | $475,650 -4.9% |
| 2020 | $8,218 +3.3% | $500,400 |
| 2019 | $7,953 | $500,400 +747% |
| 2018 | -- | $59,077 +7.9% |
| 2017 | $6,961 +6.6% | $54,731 +8% |
| 2016 | $6,529 | $50,679 |
| 2015 | $6,529 +53.9% | $50,679 +3.3% |
| 2014 | $4,242 | $49,045 +7.9% |
| 2013 | -- | $45,444 +7.9% |
| 2012 | -- | $42,101 +8% |
| 2011 | -- | $38,984 |
| 2010 | -- | $38,984 +3.3% |
| 2009 | -- | $37,727 +7.9% |
| 2008 | -- | $34,957 +7.9% |
| 2007 | -- | $32,386 +8% |
| 2006 | -- | $29,988 |
| 2005 | -- | $29,988 +3.3% |
| 2004 | -- | $29,021 +7.9% |
| 2003 | -- | $26,890 +7.9% |
| 2002 | -- | $24,913 +8% |
| 2001 | -- | $23,068 |
| 2000 | -- | $23,068 |
Find assessor info on the county website
Neighborhood: Crown Heights
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Nearby schools
GreatSchools rating
- 9/10Ps 138Grades: PK-8Distance: 0.3 mi
- NAInternational High School at Prospect HeightsGrades: 9-12Distance: 0.4 mi
- 7/10Elijah Stroud Middle SchoolGrades: 6-8Distance: 0.3 mi
- New York
- Kings County
- New York
- 11238
- Brooklyn
- Crown Heights
- 701 Franklin Ave