Mixed-Use Building with Pet
751 Franklin Avenue Brooklyn, NY 11238
751 Franklin Avenue, Brooklyn, NY, 11238
$2,699,000
For Sale
$2,699,000
Ground floor and basement are occupied by a pet store, with two renovated one-bedroom apartments above.
Property Size2,688 SF
Price / SF$1,004
Days on Market45
Property Features for 751 Franklin Avenue
General Information
- Standard status
- Active
- Size
- 2,688 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1910
Listing agency
Nest Seekers LLC
(917) 414-4896
Listed by
Howard L Ramlal · License #40RA1043997
(917) 414-4896
Source
Compass
Added: Jun 7 Updated: Jul 21 at 2:21AM Checked: Jul 21 at 8:12AM
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 Nest Seekers LLC
Investment Insights
Based on property information with market context.
751 Franklin Avenue is a mixed-use building with retail space on the ground floor and in the basement, currently occupied by a pet store. The second and third floors feature two renovated one-bedroom apartments.
Both apartments are described as having hardwood floors, open kitchens with an island, stainless steel appliances, dishwashers, and in-unit full-size washer/dryer, along with split A/C units. The second-floor tenant has exclusive use of the deck and shared use of the garden/backyard, while the third-floor apartment is now vacant.
The property is positioned on Franklin Avenue close to Eastern Parkway and within a dense mix of neighborhood retail and dining options. Access is noted via buses and the No. 2, 3, 4, and 5 lines, as well as the Franklin Ave shuttle at the Franklin Avenue station, with nearby Grand Army Plaza farmer’s market, Prospect Park, the Brooklyn Museum, and the Brooklyn Botanic Garden. Showings are by appointment only, and additional financial information is available upon request.
Both apartments are described as having hardwood floors, open kitchens with an island, stainless steel appliances, dishwashers, and in-unit full-size washer/dryer, along with split A/C units. The second-floor tenant has exclusive use of the deck and shared use of the garden/backyard, while the third-floor apartment is now vacant.
The property is positioned on Franklin Avenue close to Eastern Parkway and within a dense mix of neighborhood retail and dining options. Access is noted via buses and the No. 2, 3, 4, and 5 lines, as well as the Franklin Ave shuttle at the Franklin Avenue station, with nearby Grand Army Plaza farmer’s market, Prospect Park, the Brooklyn Museum, and the Brooklyn Botanic Garden. Showings are by appointment only, and additional financial information is available upon request.
Key Highlights
- Mixed‑use building with ground floor and basement leased to a pet store, plus two 1‑bedroom apartments on the 2nd and 3rd floors
- Two renovated 1‑bedroom apartments feature hardwood floors, open kitchens with an island, stainless steel appliances, dishwashers, and split A/C units
- Units include in‑unit full size washer/dryer and lots of closet space
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $209.0k | $77.76 |
| − Vacancy | −$24.9k | −$9.25 |
| EGI | $184.1k | $68.51 |
| − OpEx | −$55.2k | −$20.55 |
| NOI | $128.9k | $47.95 |
2,688 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.15M
NOI $128,902 @ 7.0% cap · market cap 4.78%
Second Best
Multifamily LT 5
$1.34M
$1.18M – $1.57M
NOI $94,138 @ 7.0% cap · market cap 3.49%
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $155,796 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Good Home Pet ...
Cat Cafe
Beastie Bestie Pet ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Ground floor and basement are occupied by a pet store, with two renovated one-bedroom apartments above.
Where is this duplex located?
The property is located at 751 Franklin Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Mixed‑use building with ground floor and basement leased to a pet store, plus two 1‑bedroom apartments on the 2nd and 3rd floors; Two renovated 1‑bedroom apartments feature hardwood floors, open kitchens with an island, stainless steel appliances, dishwashers, and split A/C units; Units include in‑unit full size washer/dryer and lots of closet space
