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Brick House with Income Potential
For Sale
$2,400,000
Pending

418 Franklin Ave, Brooklyn, NY 11238

Charming brick house with spacious rooms and income-generating apartment.

Property SizeContact for details
Lot Size0.05 Acres
Days on Market156

Property Features for 418 Franklin Ave

General Information

Standard status Pending
Lot size 0.05 Acres
Property subtype Multi Family
Listing Agency: Reserved Realty LLC.
Listed By: Anne Marie
Source: Elliman
Added: Mar 11 Changed: Jul 6 Last Checked: Jul 6 at 10:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reserved Realty LLC.

Investment Insights

Based on property information with market context.

This brick house features interior elements reminiscent of a brownstone, including hardwood floors and large rooms. The layout offers an open concept, facilitating flow from the sitting room to an extra-large kitchen and a full bath. A laundry room/mud room provides access to an extra-long backyard. Interior stairs lead to spacious bedrooms and an additional full bath, as well as to a large 2-bedroom apartment, offering potential for rental income. The basement/cellar is clean and roomy, with easy access from the first floor. The property is centrally located near coffee shops, restaurants, trains, buses, bars, and specialty grocery stores.

Key Highlights

  • Centrally located near coffee shops, restaurants, trains, buses, bars, and grocery stores.
  • Includes a 2‑bedroom apartment for potential rental income.
  • Features an open‑concept design with hardwood floors and large rooms.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Nursing Home Auto Parts Store Pet Grooming Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,932
Businesses Nearby

Demographics for 11238, NY

60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Charming brick house with spacious rooms and income-generating apartment.
Where is this duplex located?
The property is located at 418 Franklin Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Centrally located near coffee shops, restaurants, trains, buses, bars, and grocery stores.; Includes a 2‑bedroom apartment for potential rental income.; Features an open‑concept design with hardwood floors and large rooms.
More about this property
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