760 Franklin Ave Unit MIXED_USE Brooklyn, NY 11238
Crown Heights NeighborhoodEstimated payment $14,903/month
About This Home
Introducing 760 Franklin Avenue, an early-twentieth century, fully free market, mixed-use property in the vibrant neighborhood of Crown Heights, nestled between Saint Johns & Lincoln Place. This exceptional property features three units: a commercial space on the ground floor and two residential floor-through units above. The building is situated on a 20 ft 92 ft lot with building dimensions of 20 ft 55 ft, offering 2,999 sq ft of unused FAR and R7A, C2-4 zoning, making it a prime value-add opportunity in a non-landmarked district. The current rent roll is below market, providing upside with improvements. Perfect for an investor or end-user with 1031 exchange needs. 760 Franklin Avenue presents significant untapped potential and may be delivered vacant. Only a short jaunt from Prospect Park, as well as transportation such as the S, 2, 3, 4 & 5 trains at Franklin Av. Local favorites include Brooklyn Museum, Library, & Botanic Garden, Altar, Arden, Ras Plant Based, Mayfield, Barboncino Pizza & Bar, Chavela's, MISC, and everything else that fabulous Crown Heights and neighboring areas offer.
Listing Agent
Douglas Elliman Real Estate License #10301216796 Listed on: 10/16/2024
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $4,906
Year Built
- Built in 1910
Home Design
- Entry on the 3rd floor
Interior Spaces
- 4,360 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Utilities
- No Cooling
Community Details
- No Home Owners Association
- 4 Units
- Crown Heights Subdivision
Listing and Financial Details
- Legal Lot and Block 0061 / 01175
Map
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 | $4,906 | $490,050 | $102,150 | $387,900 |
| 2024 | $4,906 | $541,800 | $102,150 | $439,650 |
| 2023 | $4,458 | $501,750 | $102,150 | $399,600 |
| 2022 | $4,117 | $507,150 | $102,150 | $405,000 |
| 2021 | $3,822 | $490,050 | $102,150 | $387,900 |
| 2020 | $1,879 | $535,050 | $102,150 | $432,900 |
| 2019 | $3,807 | $457,380 | $102,150 | $355,230 |
| 2018 | $3,555 | $27,952 | $7,491 | $20,461 |
| 2017 | $3,292 | $25,883 | $7,782 | $18,101 |
| 2016 | $3,090 | $23,966 | $7,641 | $16,325 |
| 2015 | $2,006 | $23,966 | $8,567 | $15,399 |
| 2014 | $2,006 | $23,222 | $9,909 | $13,313 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/06/2025 03/06/25 | Pending | -- | -- | -- |
| 10/16/2024 10/16/24 | For Sale | $2,750,000 | -- | $631 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,700,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,755,000 | Purchase Money Mortgage |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS11015879
APN: 01175-0061
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