685 Franklin Avenue
Go Back To Previous PagePrime Crown Heights Corner Asset With Durable Income and Built-In Upside
685 Franklin Avenue offers a rare opportunity to acquire a prominent corner mixed-use building in the heart of Crown Heights, just moments from Prospect Park.
Set on a 2,790-square-foot lot, the property comprises 14 rent-stabilized apartments, one commercial space, and one garage. The residential mix includes 2 studios, 6 one-bedrooms, and 6 two-bedrooms, providing diversified and dependable in-place income.
The commercial space is secured by a long-term lease and is undergoing a complete gut renovation, enhancing the property’s value and strengthening its overall income profile. Significant capital improvements have already been completed, including a new roof and upgrades to the electrical system, gas metering, and water heaters in 2021, limiting near-term capital exposure for the next owner.
Positioned along the dynamic Franklin Avenue corridor, the property benefits from exceptional visibility, consistent tenant demand, and convenient access to the 2, 3, 4, 5, A, C, and S subway lines.
With stable cash flow, major systems already addressed, and additional income growth in motion, 685 Franklin Avenue represents a compelling opportunity to acquire a true corner asset in one of Brooklyn’s most established and active investment markets.
Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.
