687 Franklin Avenue
687 Franklin Avenue
Permanently Off Market
Permanently Off Market
Description
Fantastic investment opportunity features 14 rent stabilized units with 1 commercial space. Meticulously maintained building with most...The Lopera Team is 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 27x90 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 $26,993.15 in monthly rent roll and the store tenant has a 10-year lease.
2 Studios
6 One Bedrooms
6 Two Bedrooms
Capital improvements include recently updated roof and individual electric/gas meters and boiler.
Short distance to the 2,3,4,5,A,C,& S trains, 25 minutes from NYC. Walk to Brooklyn Prospect Park, Botanic Garden & Downtown Brooklyn.
Amenities
- Crown Mouldings
- Built-Ins
- Columns
- Hardwood Floors
- Walk Up
- Northern Exposure
- Southern Exposure
- Eastern Exposure
Location
Property Details for 687 Franklin Avenue
| Status | Permanently Off Market |
|---|---|
| Days on Market | 31 |
| Taxes | $4,984 / month |
| Maintenance | $2,058 / month |
| Min. Down Pymt | 10% |
| Total Rooms | 40.0 |
| Compass Type | Mixed Use |
| MLS Type | Multi Family |
| Year Built | 1910 |
| Lot Size | 2,700 SF / 27' x 100' |
| County | Kings County |
Building
687 Franklin Ave
Location
Building Information for 687 Franklin Avenue
Payment Calculator
$45,107 per month
30 year fixed, 7.25% Interest
$38,065
$4,984
$2,058
Property History for 687 Franklin Avenue
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 687 Franklin Avenue
Schools near 687 Franklin Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. 138 PublicPK to 8 | ||
W E B Dubois Academic High School Public9 to 12 | ||
Ebbetts Field Middle School Public6 to 8 | ||
International High School at Prospect Heights Public9 to 12 |
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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