NY > Brooklyn > Bedford-Stuyvesant
Brooklyn, NY 11238,438 Franklin Avenue
Brooklyn, NY 11238,438 Franklin Avenue
Brooklyn, NY 11238,438 Franklin Avenue
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Listing Courtesy of Compass
$2,000,000
Est. payment /mo
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6 Beds
5 Baths
4,414 SqFt
Pending

438 Franklin Avenue Brooklyn, NY 11238

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Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 4,414 sqft

Price per Sqft $453

Subdivision Bedford-Stuyvesant

MLS Listing ID RLS20011264

Style Walk-Up

Bedrooms 6

HOA Y/N Yes

Year Built 2009

Annual Tax Amount $12,888

Property Sub-Type Triplex

Property Description

PRIME LOCATION TOWNHOUSE w 12 rooms // 3 APARTMENTS
BED STUY/ CLINTON HILL 3 FAMILY TOWNHOUSE
LOCATION… LOCATION… LOCATION…
3 UNITS WITH FULL BASEMENT AND GARDEN


Built in 2009 and well maintained since, this three-family townhouse is in excellent condition. The property includes a 1,000 SF two-bedroom, one-bath unit on the first floor, and two 1,100 SF three-bedroom, two-bath units on the second and third floors—making it an outstanding investment opportunity.

With a maximum allowable FAR of 3.00 and an existing FAR of 2.15, zoning permits the addition of approximately 1,700 SF to the current 4,300 SF structure.

All units are separately metered, with tenants paying their own utilities. Each unit features its own boiler and hot water heater, in-unit washer and dryer, and dedicated storage space in the basement. This is a property you do not want to miss.

Asking price $2M; delivered with tenants in place.

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LEASES IN PLACE
* Apt 1: $3,200; Lease ends October 31, 2025
* Apt 2: $4,200; Lease ends July 31, 2026
* Apt 3: $3,600; Lease ends March 31, 2026.

==> TOTAL INCOME: $132,000 per year

EXPENSES
Property tax .......... $12 ,888 per year
Water / Sewer ..... $1,540 per year
Insurance ................. $2,840 per year

==>TOTAL EXPENSES: $17,268 per year


GROSS PROFIT: $114,732 per year

Location

State NY

County Kings

Interior

Interior Features High Ceilings

Flooring Hardwood

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Washer

Laundry Common On Floor, See Remarks

Exterior

Exterior Feature Private Outdoor Space Over 60 Sqft

View Y/N No

Private Pool No

Building

Dwelling Type Townhouse,Triplex

Story 3

New Construction No

Others

Ownership None

Monthly Total Fees $1, 074

Pets Allowed Building No, No

REBNY IDX
RLS Data display by Manhattan Miami Real Estate

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agent

Anthony Guerriero

Broker

+1(646) 376-8752

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438 Franklin Avenue

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