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Sold for $3,050,000
  • $3,050,000

    701 Franklin Ave, Brooklyn, NY 11238

    11beds
    5,880sqft
    Multi Family
    Built in 1931
    -- sqft lot
    $3,235,800 Zestimate®
    $519/sqft
    $6,421 Estimated rent

    Home value

    $3,235,800

    $2.91M - $3.62M

    $6,421/mo

    Zestimate® history
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    $6,421/mo

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    $18,320/mo

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    $18,320/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Luis E. Alvarez 305-915-4468,

    eXp Realty BKNY

    Source: BNYMLS,MLS#: 484062MLS Logo

    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

    DateEventPrice
    12/6/2024Sold$3,050,000-16.2%$519/sqft
    Source: BNYMLS #484062 Report a problem
    10/9/2024Pending sale$3,640,000$619/sqft
    Source: BNYMLS #484062 Report a problem
    6/24/2024Listed for sale$3,640,000+970.6%$619/sqft
    Source: BNYMLS #484062 Report a problem
    12/10/2010Sold$340,000$58/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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

    Nearby schools

    GreatSchools rating