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Image 1 - 685 Franklin Ave, Brooklyn, New York, 11238 - House for sale
Image 2 - 685 Franklin Ave, Brooklyn, New York, 11238 - House for sale
Image 3 - 685 Franklin Ave, Brooklyn, New York, 11238 - House for sale
Image 4 - 685 Franklin Ave, Brooklyn, New York, 11238 - House for sale
Image 5 - 685 Franklin Ave, Brooklyn, New York, 11238 - House for sale
Image 6 - 685 Franklin Ave, Brooklyn, New York, 11238 - House for sale
Image 7 - 685 Franklin Ave, Brooklyn, New York, 11238 - House for sale
Image 8 - 685 Franklin Ave, Brooklyn, New York, 11238 - House for sale
Home For Sale In Brooklyn, New York
685 Franklin Ave, Brooklyn, New York, 11238

Home For Sale In Brooklyn, New York

house for sale
Listed: 05/15/24

685 Franklin Ave, Brooklyn, New York, 11238

18 Bed:
14 Bath:
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Price
$ 4M

About This House

We are excited to announce a once in a lifetime opportunity to own a piece of iconic Brooklyn. Welcome to 685 Franklin Avenue; this picture worthy and eye catching corner building sits on a 2790 corner lot located only 6 blocks from Prospect Park. Perfectly situated on one of the most desirable intersections where Prospect Place meets Franklin Avenue. Fantastic investment opportunity features 14 rent stabilized units with 1 commercial space. Meticulously maintained building with most units recently updated. This solid investment brings$26, 993.15in monthly rent roll. 2 Studios 6 One Bedrooms 6 Two Bedrooms 1 Garage 1 Commercial space with 10 year lease Capital improvements include recently updated roof and electric/gas meters/water heaters in2021 AMAZING 4.32%CAP Short distance to the2, 3, 4, 5, A, C,and S trains, 25 minutes from NYC. Walk to Brooklyn Prospect Park, Botanic Garden and Downtown Brooklyn.

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New York Housing & Living

Average sale prices for houses

1 bed
2 bed
3 bed
4+ bed
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In August 2024, the asking price for 1 bed houses for sale in/near New York, United States averaged $871,299, staying on the same level compared to the previous month.
Median price trends for properties for sale in New York, United States as of August 2024.

Household Income

Median household income: $63,799
Number of households: 3,2M
The average household income in New York, NY grew from $60,879 to $63,799 in the past year. This data is an estimate based upon 3,2M households in New York, NY.
The chart below presents how household income is distributed in New York, NY in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New York, NY compared to median property taxes around the country. The prevalent amount of property taxes in New York, NY equals $3k+ , which is more than the national average.