625 Franklin Ave Brooklyn, NY 11238
Crown Heights NeighborhoodEstimated payment $12,916/month
Total Views
1,413
5
Beds
3.5
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
Introducing 625 Franklin Avenue, a mid-century, fully free-market three-family townhouse in the heart of Crown Heights, ideally positioned between Bergen and Dean Streets. This income-producing asset comprises three full-floor units: a ground-floor one-bed, one-bath with private backyard access, and two spacious two-bed, one-bath apartments above-each fully turn-key. Comprehensively gut-renovated in 2017, the property boasts all-new electrical and plumbing systems, high-efficiency tankless boilers for every unit, and a stucco fa ade. The current owner installed a brand-new roof in 2024 and maintains flashing on a four-year cycle. A fully finished basement provides ample storage cages and washer/dryer hookup, further enhancing functionality and rental appeal. Sited on a 20" 80" lot with building dimensions of 20" 45', the property benefits from R7A/C2-4 zoning and an impressive 3,696 sq ft of unused FAR-an exceptional value-add and development opportunity in a non-landmarked district. Whether you're an investor seeking strong rental upside or an end-user pursuing a 1031 exchange, 625 Franklin Avenue delivers significant upside potential. Just a short stroll from Prospect Park and well-served by transit-including the S train at Park Place and the A, C, and S lines at Franklin Avenue-the location offers unrivaled convenience. Nearby cultural and culinary highlights include the Brooklyn Museum, Brooklyn Botanic Garden, and Brooklyn Public Library, as well as acclaimed restaurants such as Mayfield, Chavela's, Cafe Rue Dix, Arden, La'Mode BK, Silver Rice. Experience the dynamic energy and enduring appeal of Crown Heights, Prospect Heights, and beyond at 625 Franklin Avenue.
Listing Agent
Douglas Elliman Real Estate License #10301216796 Listed on: 06/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,872
Year Built
- Built in 1920
Lot Details
- 1,600 Sq Ft Lot
- Lot Dimensions are 80.00x20.00
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Laundry in unit
- Washer Hookup
Additional Features
- 3-Story Property
- Cooling Available
Community Details
- 3 Units
- Crown Heights Subdivision
Listing and Financial Details
- Legal Lot and Block 0004 / 01211
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,869 | $139,740 | $24,060 | $115,680 |
| 2024 | $7,869 | $139,980 | $24,060 | $115,920 |
| 2023 | $7,738 | $132,960 | $24,060 | $108,900 |
| 2022 | $7,406 | $108,840 | $24,060 | $84,780 |
| 2021 | $7,604 | $85,260 | $24,060 | $61,200 |
| 2020 | $1,705 | $79,500 | $24,060 | $55,440 |
| 2019 | $3,373 | $74,820 | $24,060 | $50,760 |
| 2018 | $3,104 | $15,225 | $5,100 | $10,125 |
| 2017 | $2,933 | $14,389 | $5,147 | $9,242 |
| 2016 | $2,716 | $13,584 | $5,086 | $8,498 |
| 2015 | $1,417 | $13,584 | $5,546 | $8,038 |
| 2014 | $1,417 | $13,436 | $6,580 | $6,856 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | For Sale | $2,250,000 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $1,462,500 | -- | |
| Deed | $340,000 | -- | |
| Bargain Sale Deed | $275,000 | First American Title Ins Co | |
| Bargain Sale Deed | $155,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,365,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $1,194,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $632,000 | No Value Available | |
| Previous Owner | $158,000 | No Value Available | |
| Previous Owner | $562,500 | No Value Available | |
| Previous Owner | $530,000 | No Value Available | |
| Previous Owner | $422,431 | Purchase Money Mortgage | |
| Previous Owner | $272,751 | FHA |
Source: Public Records
Similar Homes in Brooklyn, NY
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20034012
APN: 01211-0004
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