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    53 Franklin St Brooklyn, NY 11222

    Picture of Apartment buildings at Franklin St 53, Brooklyn, NY
    For Sale
    $4,500,000

    Multi Family - Brooklyn, NY

    Type:Single Family Attached
    Property size:
    4,235 SF
    Lot size:
    0.05 Acres
    Days on Market:
    126
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 53 Franklin St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active
    Rooms
    Basement
    APN
    02571-0025
    Basement Y/N
    1
    Size
    4,235 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1930
    Number of units
    6
    Building materials
    Brick
    Architectural style
    Other

    Trademarko Realty Inc. (347) 647-6397 [email protected]

    Listing agent Marek Sobolewski (347) 647-6397 License #10311207231

    Listing date Aug 11, 2025

    MLS# 878184 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Greenpoint Multifamily Building Delivered Vacant

    Located in Greenpoint, Brooklyn, 53 Franklin Street is a 6,500 sq. ft. former 6-family building delivered completely vacant. Situated steps from the East River and bordering Williamsburg, this property offers various possibilities, including conversion into a grand single-family townhouse, a live/work space, or a multi-unit layout. The building measures 25’ x 64’ on a 25’ x 80’ lot. The property includes three full floors plus a spacious basement. Its location provides convenient access to the East River, NYC Ferry, and the L & G trains.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.957446
    Latitude
    40.727253

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    FAQs

    What type of property is this?
    Apartment building - 6,500 sq ft vacant building near East River.
    Where is this apartment building located?
    The property is located at 53 Franklin St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Delivered Vacant: Ready for immediate renovation or development.; - Prime Waterfront Location: Steps from the East River, NYC Ferry, and close to L & G trains.; - Large 6,500 Sq. Ft.: Offers ample space for various development options (including basement).
    (347) 647-6397
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    53 Franklin St Brooklyn, NY 11222
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    Brooklyn, NY 11222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    53 Franklin St Brooklyn, NY 11222
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