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751 Franklin Ave
Brooklyn, NY 11238
Retail Property For Sale
Investment Highlights
- Heavy foot & vehicular traffic - high exposure
- Convenient access to subways / transportation
- Vibrant mix of retail and commercial businesses on the Frankiln Ave corridor
Executive Summary
751 Franklin Avenue represents a prime mixed-use (residential & commercial) opportunity in the highly desirable Crown Heights / Prospect Heights neighborhood of Brooklyn, NY. The ground floor and basement of this beautiful property is currently occupied by a pet store, with two (2) tastefully renovated one bedroom apartments on the 2nd & 3rd floors. The spacious one bedroom apartments easily fit queen size beds, have lots of closet space, beautiful hardwood floors, open kitchens with an island, stainless steel appliances, full size in unit washer/dryer, dishwashers and split A/C units. Currently, the 2nd floor tenant has exclusive use of the deck and shared use of the garden / backyard.
Ideally located on Franklin Avenue close to Eastern Parkway and a lively mix of neighborhood retail businesses, coffee shops, bars & restaurants such as: Cent” Anni, Chavela’s, Franklin Park and Starbucks. Heavy foot & vehicular traffic along the Franklin Avenue corridor provides maximum exposure and high visibility. Easy and convenient access to buses & the # 2, 3, 4 & 5 & the Franklin Ave shuttle at the Franklin Avenue station, the farmer’s market at Grand Army Plaza, Prospect Park, Brooklyn Museum and the Brooklyn Botanic Garden. Perfect for owner-users -[the 3rd floor apartment will be delivered vacant) or investors looking for a high quality, income producing asset .NOI and other additional information available upon request.
FYI: the property has approximately 2,217 buildable square feet, for those with dreams big dreams and aspirations.
All showings - By Appointment Only.
Ideally located on Franklin Avenue close to Eastern Parkway and a lively mix of neighborhood retail businesses, coffee shops, bars & restaurants such as: Cent” Anni, Chavela’s, Franklin Park and Starbucks. Heavy foot & vehicular traffic along the Franklin Avenue corridor provides maximum exposure and high visibility. Easy and convenient access to buses & the # 2, 3, 4 & 5 & the Franklin Ave shuttle at the Franklin Avenue station, the farmer’s market at Grand Army Plaza, Prospect Park, Brooklyn Museum and the Brooklyn Botanic Garden. Perfect for owner-users -[the 3rd floor apartment will be delivered vacant) or investors looking for a high quality, income producing asset .NOI and other additional information available upon request.
FYI: the property has approximately 2,217 buildable square feet, for those with dreams big dreams and aspirations.
All showings - By Appointment Only.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,688 SF
Building Class
C
Year Built
1910
Price
$2,699,000
Price Per SF
$1,004.09
Cap Rate
3.85%
NOI
$103,918
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.81
Lot Size
0.03 AC
Property Taxes
| Parcel Number | 01245-0007 | Improvements Assessment | $93,000 |
| Land Assessment | $7,500 | Total Assessment | $100,500 |
Property Taxes
Parcel Number
01245-0007
Land Assessment
$7,500
Improvements Assessment
$93,000
Total Assessment
$100,500
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