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Franklin Ave Mixed-Use Building 733 Franklin Ave 2,775 SF 100% Leased Retail Building Brooklyn, NY 11238 For Sale
Investment Highlights
- Ground Floor Retail + Two Free-Market Residential Units
- Fully Built-Out Restaurant and Bar Space, Delivered Vacant
- Separately Metered, Tenants Responsible for Utilities
- Immediate Value-Add Opportunity Through Retail Lease-Up
- Apartments Feature Stainless Steel Appliances, Exposed Brick
- Tax Class Protected
Executive Summary
TerraCRG is pleased to exclusively represent ownership in the sale of 733 Franklin Avenue, a 3-unit mixed-use investment property located on Crown Heights' most vibrant commercial corridor.
Situated minutes from Prospect Park, the property benefits from outstanding neighborhood amenities, a thriving restaurant and nightlife scene, and convenient access to multiple subway lines, supporting strong residential and commercial demand. This offering is ideal for investors seeking durable cash flow with meaningful upside through retail lease-up.
The property consists of approximately 2,775 square feet across three stories. The building features two free-market residential apartments above a vacant ground-floor retail space that is fully built out as a restaurant and bar, offering an exceptional opportunity for an owner-user or investor to lease the space at current market rents with minimal additional build-out costs. The apartments are state-of-the-art with separated heating, exposed brick, and a private deck on the top floor. The property is classified as Tax Class Protected, providing long-term real estate tax benefits.
733 Franklin Avenue presents investors with a turnkey mixed-use asset featuring stable residential income and immediate value-add potential through the lease-up of the commercial space. The combination of free-market residential units and a fully improved restaurant storefront creates a compelling investment opportunity in one of Brooklyn's most sought-after neighborhoods.
Situated minutes from Prospect Park, the property benefits from outstanding neighborhood amenities, a thriving restaurant and nightlife scene, and convenient access to multiple subway lines, supporting strong residential and commercial demand. This offering is ideal for investors seeking durable cash flow with meaningful upside through retail lease-up.
The property consists of approximately 2,775 square feet across three stories. The building features two free-market residential apartments above a vacant ground-floor retail space that is fully built out as a restaurant and bar, offering an exceptional opportunity for an owner-user or investor to lease the space at current market rents with minimal additional build-out costs. The apartments are state-of-the-art with separated heating, exposed brick, and a private deck on the top floor. The property is classified as Tax Class Protected, providing long-term real estate tax benefits.
733 Franklin Avenue presents investors with a turnkey mixed-use asset featuring stable residential income and immediate value-add potential through the lease-up of the commercial space. The combination of free-market residential units and a fully improved restaurant storefront creates a compelling investment opportunity in one of Brooklyn's most sought-after neighborhoods.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,775 SF
Building Class
C
Year Built
1910
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.00
Lot Size
0.03 AC
Zoning
R7A, C2-4
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01238-0005 | Improvements Assessment | $127,236 CAD |
| Land Assessment | $8,516 CAD | Total Assessment | $135,752 CAD |
Property Taxes
Parcel Number
01238-0005
Land Assessment
$8,516 CAD
Improvements Assessment
$127,236 CAD
Total Assessment
$135,752 CAD
Contacts
-
Vivek Sharma -
Matthew Cosentino -
Maria D'Angelo -
TerraCRG Brooklyn Commercial Real Estate
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Franklin Ave Mixed-Use Building | 733 Franklin Ave
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