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760 Franklin Avenue Mixed_Use, New York City, NY, 11238

$2,750,000

6 Bedrooms
4 Full Baths
4,360 SqFt
$631/SqFt
Condo

Location

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Property Highlights

Home TypeCondominium
Year Built1910
MLS #RPLU-5123231015
StatusActive

About 760 Franklin Avenue Mixed_Use

<p>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.</p>

Property Details

Property Features

Property Information:

  • Architectural Style: Walk-Up
  • Year Built: 1910
  • Living Area: 4,360 SqFt

Listing Office:

  • Office Name: Douglas Elliman Real Estate
  • Office Phone: (212) 891-7000
  • Listing Agent: Jason Abrishami
  • Agent Phone: (516) 238-3520

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,750,000
  • Price Per SqFt: $631/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$850.1K

Med. Price/SqFt

$667

Avg. Days On Market

85

# of Sold Homes

1747

760 Franklin Avenue Mixed_Use vs New York

47 DAYS ON ROCKET

-38 Days

$2,750,000

+$1.8M More

$631/SqFt

-$37 Less

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price and $37/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #RPLU-5123231015

Listing Office:

  • Office Name: Douglas Elliman Real Estate
  • Office Phone: (212) 891-7000
  • Listing Agent: Jason Abrishami
  • Agent Phone: (516) 238-3520

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/18/2024, 5:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$13.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,311

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4400071
8
/10
  • P.S. 316 Elijah Stroud School

  • 750 Classon Ave

  • 0.21 miles

  • Public District Grades KG-6

school-card-donut-4400072
7
/10
  • P.S. 241 Emma L. Johnston School

  • 976 President St

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-4400073
4
/10
  • Brooklyn Arts and Science Elementary School

  • 443 Saint Marks Ave

  • 0.33 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,142. The majority of New York, NY residents have income between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 760 Franklin Avenue Mixed_Use

What is the listing price of this property?

The listing price of 760 Franklin Avenue Mixed_Use property is $2,750,000.

What type of property is this?

The property 760 Franklin Avenue Mixed_Use is a condo located in New York City, New York, 11238.

Is this property for sale now?

Active Listing: 760 Franklin Avenue Mixed_Use is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 760 Franklin Avenue Mixed_Use has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 760 Franklin Avenue Mixed_Use is 4,360 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 760 Franklin Avenue Mixed_Use is 1910.
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Rocket HomesNew YorkKings CountyNew York11238760 Franklin Avenue Mixed_Use

This home is located at 760 Franklin Avenue Mixed_Use in New York City, NY and zip code 11238 in the Central Brooklyn neighborhood. This 4,360 square foot home was built in 1910. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $2,750,000.

In November 2024, from all listings sold in New York, NY there were more than 220 sold above asking price, over 758 sold below and more than 769 were sold right at the asked price. In November 2024 in New York, NY there were 7.2% less homes for sale than in October 2024. While the average time on the market in November 2024 was 85 days, the median list price was $850,115.

From Rocket Homes Real Estate and based on county public records data.

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