174 Franklin Street

Greenpoint

$2,875,000
Last Sold Price
4
Beds
2.5
Baths
2,835 Sq. Ft.
$1,014 / Sq. Ft.
2,835
Sq. Ft.
$1,014
per Sq. Ft.

Description

LOCATION, LOCATION, LOCATION! AWARD-WINNING LANDMARKED MIXED-USE BUILDING W/ AIR RIGHTS! This unique brick house consists of two upper residential two-bedroom apartments, and a fully renovated retail storefront. The strikingly handsome prewar brick facade won the Landmark Preservation Grassroots Award in 2010 after undergoing a redesign. The building is perfectly maintained and positioned on one of the best blocks on prime Franklin Street; the most sought after and polished strip for boutiques, restaurants,...LOCATION, LOCATION, LOCATION! AWARD-WINNING LANDMARKED MIXED-USE BUILDING W/ AIR RIGHTS! This unique brick house consists of two upper residential two-bedroom apartments, and a fully renovated retail storefront. The strikingly handsome prewar brick facade won the Landmark Preservation Grassroots Award in 2010 after undergoing a redesign. The building is perfectly maintained and positioned on one of the best blocks on prime Franklin Street; the most sought after and polished strip for boutiques, restaurants, and cafés in Greenpoint. On the ground floor, a fashion-forward clothing boutique impresses pedestrians with a prominent glass storefront showcase, dramatic 11ft. ceilings, a bathroom, and basement storage. Through the private resident's entrance, a corridor leads to a well-maintained patio and garden with a raised bluestone deck and custom built-ins, ideal for gardening, lounging with a book, or BBQ-ing and entertaining guests; a true treasure for its' residents.

The second and third-floor apartments are currently occupied, but can be delivered vacant as of August 2017. They feature two floor-through two-bedroom, one bathroom apartments with sun-bathed bedrooms at the front of the building, open living rooms, and high ceilings that create a loft-like feel that "Brooklynites" seek. The large eat-in kitchens feature updated cabinetry, stainless steel appliances, granite counter-tops, ample storage, and two large windows facing into the backyard patio. In addition, the luminous upper level unit has a recently fully renovated bathroom. Charming original details are carried throughout both units including original French doors and fireplaces. The upper unit features an open skylight allowing sunlight to pour into the apartment throughout the day. The two residential floors could be combined to create an impressive owner's duplex with retail income and a backyard, or the building could simply serve as a "cash cow" income-producing property with a Greenpoint location that is nearly impossible to beat! A huge bonus to this property is the approx. 352SF of air rights. If approved by the Landmark Preservation Society and NYC DOB, this could translate to a common landscaped roof enclosure for the residents to enjoy, or an added penthouse multi-purpose living space.

Located just a few short blocks from the G Train and the NY Waterway Ferry Terminal, the building boasts optimal convenience for transportation between Greenpoint and Manhattan. Greenpoint is one of the fastest growing neighborhoods in New York City with over 4,000 proposed new residential units in the pipeline, set to undergo tremendous growth over the coming years.

Building Size & Built SF: 21’ X 45’ | 2,835 SF

Lot Size & Lot SF: 21’ X 69’ | 1,449 SF

Zoning: R6

FAR: 2

Amenities

  • Loft Style
  • Top Floor
  • Floor Thru
  • Entire Floor
  • Ground Floor
  • Private Terrace
  • Private Patio
  • Private Yard

Location

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LISTING UPDATED: 08/18/2017 12:04 PM

Property Details for 174 Franklin Street

StatusSold
Days on Market59
Taxes$373 / month
Maintenance-
Min. Down Pymt-
Total Rooms7.0
Compass Type-
MLS Type-
Year Built1880
Lot Size1,426 SF / 21' x 69'
CountyKings County

Building

174 Franklin St

3 Units3 StoriesBuilt in 1880

Location

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Building Information for 174 Franklin Street

Stories3Residences3Year Built1880Lot Size1,426 SF / 21' x 69'Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$16,063 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,690

Property Taxes

$373

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 174 Franklin Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 174 Franklin Street

Taxable ValueLand$19,800Additions$118,740Total$138,540
Home Facts
Total Finished SqFt2,790 SqFtLot Size1,425 SqFtYear Built1931ZoningR6BAPN3025500007

Schools near 174 Franklin Street

This home is within Nyc Geog District #14 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 2
Rating
School
Distance
P.S. 31 Samuel F Dupont
PublicPK to 5

John Ericsson Middle School 126
Public6 to 8

A-Tech High School
Public9 to 12

Citizens of the World Charter School 1
CharterK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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