787 Franklin Ave | Brooklyn, NY 11238
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- LoopNet Team
787 Franklin Ave
Brooklyn, NY 11238
NYC | FREE MARKET | 100% LEASED | RESI+STORE · Multifamily Property For Sale · 9 Units
Investment Highlights
- Built in 2018 with top-of-the-line construction and design. Eight occupied free-market units and a fully leased store.
- Absolutely no rent board or government regulation. Low Taxes (Class 2B) and protected from significant increases.
- Located on Crown Height's premier retail corridor with the best local restaurants, bars, and local attractions.
- Long-term retail lease provides stable recurring revenue: strong return and passive management.
- Easy access to Downtown Brooklyn and Manhattan within 15 minutes via the Franklin Ave Shuttle and 2, 3, 4, and 5 trains.
PROPERTY FACTS
| No. Units | 9 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 7,975 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Mid Rise | No. Stories | 5 |
| Building Class | B | Year Built | 2018 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 7,975 SF |
| Average Occupancy | 97% |
| No. Stories | 5 |
| Year Built | 2018 |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | - | - |
| 2+2 | 3 | - | - |
| 1+1 | 1 | - | - |
| Studios | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 01252-0008 | Improvements Assessment | $517,500 |
| Land Assessment | $88,200 | Total Assessment | $605,700 |
PROPERTY TAXES
Parcel Number
01252-0008
Land Assessment
$88,200
Improvements Assessment
$517,500
Total Assessment
$605,700
zoning
| Zoning Code | R7A/C2-4 (residential/commercial) |
| R7A/C2-4 (residential/commercial) |
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