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Mixed-Use

886 Franklin Avenue

886 Franklin Avenue, Brooklyn, NY 11225

Listing Price: $3,700,000

Cap Rate
6.90%
Number of Units
5
Occupancy
100.0%
Price/Unit
$740,000
Price/Gross SF
$698.11
Gross SF
5,300

Investment Overview

Marcus & Millichap is pleased to offer 886 Franklin Avenue, a three-story mixed-use building in Crown Heights with four free-market apartments over one store. The apartments aren't typical. The two top-floor units are lofts, and both second-floor units have their own outdoor space. The retail space is enormous. It runs 90 feet deep with a full basement underneath.

The building sits in the middle of one of central Brooklyn's busiest retail strips, with restaurants, cafés, bars and neighborhood retail drawing steady foot traffic all day. Prospect Park, the BrooklynBotanic Garden and the Brooklyn Museum are all about a ten-minute walk, and Medgar EversCollege is two blocks south.

Transit is three blocks away. Franklin Avenue–Medgar Evers College at Eastern Parkway is an express stop on the 2, 3, 4 and 5, which puts Atlantic Terminal one stop away and Manhattan a direct ride.The Franklin Avenue Shuttle runs out of the same station with a free transfer, connecting to the B and Q at Prospect Park and the C at Fulton Street.

Investment Highlights

  • 886 Franklin Avenue is a mixed-use asset in Crown Heights, Brooklyn, containing 5 units spanning 5,300 SF.
  • 100% Free Market | Tax Class: 2A | Zoning: R8X, C2-4
  • 886 Franklin Avenue is in close proximity to 2,3,4 & 5 Subway lines, including connectivity to the Franklin Avenue Shuttle, connecting to the B & Q at Prospect Park and the C at Fulton Street.

Exclusively Listed By

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10491208207, NY: 10301215754

    New York City

  • Andrew Bronsteen

    Licensed Real Estate Salesperson

    (718) 475-4329

    Email Andrew

    License(s): NY: 10401314581

    New York City

  • Dan Greenblatt

    Licensed Associate Real Estate Broker

    (718) 475-4357

    Email Dan

    License(s): NY: 10301215921

    New York City

Financing By

Mixed-Use

886 Franklin Avenue

Listing Price: $3,700,000

Cap Rate
6.90%
Number of Units
5
Occupancy
100.0%
Price/Unit
$740,000
Price/Gross SF
$698.11
Gross SF
5,300

Investment Highlights

  • 886 Franklin Avenue is a mixed-use asset in Crown Heights, Brooklyn, containing 5 units spanning 5,300 SF.
  • 100% Free Market | Tax Class: 2A | Zoning: R8X, C2-4
  • 886 Franklin Avenue is in close proximity to 2,3,4 & 5 Subway lines, including connectivity to the Franklin Avenue Shuttle, connecting to the B & Q at Prospect Park and the C at Fulton Street.

Investment Overview

Marcus & Millichap is pleased to offer 886 Franklin Avenue, a three-story mixed-use building in Crown Heights with four free-market apartments over one store. The apartments aren't typical. The two top-floor units are lofts, and both second-floor units have their own outdoor space. The retail space is enormous. It runs 90 feet deep with a full basement underneath. The building sits in the middle of one of central Brooklyn's busiest retail strips, with restaurants, cafés, bars and neighborhood retail drawing steady foot traffic all day. Prospect Park, the BrooklynBotanic Garden and the Brooklyn Museum are all about a ten-minute walk, and Medgar EversCollege is two blocks south. Transit is three blocks away. Franklin Avenue–Medgar Evers College at Eastern Parkway is an express stop on the 2, 3, 4 and 5, which puts Atlantic Terminal one stop away and Manhattan a direct ride.The Franklin Avenue Shuttle runs out of the same station with a free transfer, connecting to the B and Q at Prospect Park and the C at Fulton Street.

Exclusively Listed By

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10491208207, NY: 10301215754

    New York City

  • Andrew Bronsteen

    Licensed Real Estate Salesperson

    (718) 475-4329

    Email Andrew

    License(s): NY: 10401314581

    New York City

  • Dan Greenblatt

    Licensed Associate Real Estate Broker

    (718) 475-4357

    Email Dan

    License(s): NY: 10301215921

    New York City

Financing By

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