760 Franklin Ave Brooklyn, NY 11238-4803

Property Details for 760 Franklin Ave

Year built

1910

Lot size

0.04 lot acres

Property size

4,360 SF

Zone code

R7A

Property type

Investment properties

Property subtype

Live-work space

APN

01175-0061

APU

11750061

Description

This exceptional three-unit mixed-use property, located at 760 Franklin Avenue in Brooklyn's vibrant Crown Heights neighborhood, presents a compelling investment opportunity. The early-twentieth-century building boasts 4,360 square feet across three stories, encompassing a ground-floor commercial storefront and two residential floor-through units above. Situated on a 20ft x 92ft lot (building dimensions 20ft x 55ft), the property offers significant upside potential. The current rent roll is below market value, allowing for immediate increases with improvements. The building benefits from 2,999 square feet of unused floor area ratio (FAR) and R7A, C2-4 zoning, providing flexibility for future development or expansion within this non-landmarked district. The property may be delivered vacant, offering immediate control to the new owner. Its prime location offers easy access to Prospect Park, the Brooklyn Museum, Botanic Garden, and Library, as well as convenient transportation via the S, 2, 3, 4, and 5 subway lines at Franklin Avenue. The surrounding area is rich with local amenities, including popular restaurants and shops. This is an ideal property for investors seeking value-add potential, particularly those with 1031 exchange needs. The asking price is $2,750,000.