Corner Mixed-Use
For Sale
$3,200,000
685 Franklin Avenue, Brooklyn, NY 11238
Corner property combines rent-stabilized housing, leased commercial space, and a garage.
Property SizeContact for details
Lot Size0.06 Acres
Days on Market61
Property Features for 685 Franklin Avenue
General Information
Standard status
Active
Lot size
0.06 Acres
Property subtype
Mixed
Site & Location
Corner Location
Yes
Public Transit
Yes
Units
Unit Mix
2 x studio, 6 x one-bedroom, 6 x two-bedroom
Multifamily Units
14
Taxes and HOA fees
Annual Taxes
$67,764
Building Details
Year Built
1910
Buildings
1
Units
14
Tenancy
Multi
Listing Agency:
Chelsea/Flatiron
Listed By:
Sebastian Lopera · License #10401208921
(917) 549-2428
Source:
Corcoran
Added: Aug 4
Changed: Sep 18
Last Checked: Oct 2 at 8:39PM
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 Chelsea/Flatiron
Investment Insights
Based on property information with market context.
This mixed-use property contains 14 rent-stabilized apartments, a commercial space, and one garage within a 2,430-square-foot building on a 2,790-square-foot lot. The residential layout includes 2 studios, 6 one-bedroom apartments, and 6 two-bedroom apartments. The commercial component is leased long term and is currently undergoing a complete gut renovation.
Capital work completed in 2021 included a new roof, electrical system upgrades, gas-metering improvements, and water-heater replacements. The building occupies a corner position at 685 Franklin Avenue in Brooklyn’s Crown Heights neighborhood, near Prospect Park and the Franklin Avenue corridor. Subway access includes the 2, 3, 4, 5, A, C, and S lines.
Capital work completed in 2021 included a new roof, electrical system upgrades, gas-metering improvements, and water-heater replacements. The building occupies a corner position at 685 Franklin Avenue in Brooklyn’s Crown Heights neighborhood, near Prospect Park and the Franklin Avenue corridor. Subway access includes the 2, 3, 4, 5, A, C, and S lines.
Key Highlights
- 14 rent‑stabilized apartments with 2 studios, 6 one‑bedrooms, and 6 two‑bedrooms
- 2,430‑square‑foot mixed‑use building on a 2,790‑square‑foot lot
- One commercial space secured by a long‑term lease
Property Analytics
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,644
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property combines rent-stabilized housing, leased commercial space, and a garage.
Where is this mixed-use property located?
The property is located at 685 Franklin Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 14 rent‑stabilized apartments with 2 studios, 6 one‑bedrooms, and 6 two‑bedrooms; 2,430‑square‑foot mixed‑use building on a 2,790‑square‑foot lot; One commercial space secured by a long‑term lease
