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751 Franklin Ave 3 Unit Apartment Building $3,821,055 CAD ($1,273,685 CAD/Unit) 3.85% Cap Rate Brooklyn, NY 11238
Investment Highlights
- Heavy foot & vehicular traffic - high exposure
- Convenient access to subways / transportation
- Vibrant mix of retail and commercial businesses on the Frankiln Ave corridor
Executive Summary
751 Franklin Avenue represents a prime mixed-use (residential & commercial) opportunity in the highly desirable Crown Heights / Prospect Heights neighborhood of Brooklyn, NY. The ground floor and basement of this beautiful property is currently occupied by a pet store, with two (2) tastefully renovated one bedroom apartments on the 2nd & 3rd floors. The spacious one bedroom apartments easily fit queen size beds, have lots of closet space, beautiful hardwood floors, open kitchens with an island, stainless steel appliances, full size in unit washer/dryer, dishwashers and split A/C units. Currently, the 2nd floor tenant has exclusive use of the deck and shared use of the garden / backyard.
Ideally located on Franklin Avenue close to Eastern Parkway and a lively mix of neighborhood retail businesses, coffee shops, bars & restaurants such as: Cent” Anni, Chavela’s, Franklin Park and Starbucks. Heavy foot & vehicular traffic along the Franklin Avenue corridor provides maximum exposure and high visibility. Easy and convenient access to buses & the # 2, 3, 4 & 5 & the Franklin Ave shuttle at the Franklin Avenue station, the farmer’s market at Grand Army Plaza, Prospect Park, Brooklyn Museum and the Brooklyn Botanic Garden. Perfect for owner-users -[the 3rd floor apartment will be delivered vacant) or investors looking for a high quality, income producing asset .NOI and other additional information available upon request.
FYI: the property has approximately 2,217 buildable square feet, for those with dreams big dreams and aspirations.
All showings - By Appointment Only.
Ideally located on Franklin Avenue close to Eastern Parkway and a lively mix of neighborhood retail businesses, coffee shops, bars & restaurants such as: Cent” Anni, Chavela’s, Franklin Park and Starbucks. Heavy foot & vehicular traffic along the Franklin Avenue corridor provides maximum exposure and high visibility. Easy and convenient access to buses & the # 2, 3, 4 & 5 & the Franklin Ave shuttle at the Franklin Avenue station, the farmer’s market at Grand Army Plaza, Prospect Park, Brooklyn Museum and the Brooklyn Botanic Garden. Perfect for owner-users -[the 3rd floor apartment will be delivered vacant) or investors looking for a high quality, income producing asset .NOI and other additional information available upon request.
FYI: the property has approximately 2,217 buildable square feet, for those with dreams big dreams and aspirations.
All showings - By Appointment Only.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,821,055 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,273,685 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 3.85% | Building Size | 2,688 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | ||
| Zoning | R7A, C2-4 - Medium-density, contextual residential district that allows for ground-floor retail. It permits mixed-use buildings (commercial & residential). | ||
| Price | $3,821,055 CAD |
| Price Per Unit | $1,273,685 CAD |
| Sale Type | Investment |
| Cap Rate | 3.85% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 2,688 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | R7A, C2-4 - Medium-density, contextual residential district that allows for ground-floor retail. It permits mixed-use buildings (commercial & residential). |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 01245-0007 | Total Assessment | $140,586 CAD (2026) |
| Land Assessment | $10,492 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $130,095 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
01245-0007
Land Assessment
$10,492 CAD (2026)
Improvements Assessment
$130,095 CAD (2026)
Total Assessment
$140,586 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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751 Franklin Ave
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