Introducing 625 Franklin Avenue, a mid-century, fully free-market three-family townhouse in the heart of Crown Heights, ideally positioned between Bergen and Dean Streets. This income-producing asset comprises three full-floor units: a ground-floor one-bed, one-bath with private backyard access, and two spacious two-bed, one-bath apartments above-each fully turn-key. Comprehensively gut-renovated in 2017, the property boasts all-new electrical and plumbing systems, high-efficiency tankless boilers for every unit, and a stucco fa ade. The current owner installed a brand-new roof in 2024 and maintains flashing on a four-year cycle. A fully finished basement provides ample storage cages and washer/dryer hookup, further enhancing functionality and rental appeal. Sited on a 20" 80" lot with building dimensions of 20" 45', the property benefits from R7A/C2-4 zoning and an impressive 3,696 sq ft of unused FAR-an exceptional value-add and development opportunity in a non-landmarked district. Whether you're an investor seeking strong rental upside or an end-user pursuing a 1031 exchange, 625 Franklin Avenue delivers significant upside potential. Just a short stroll from Prospect Park and well-served by transit-including the S train at Park Place and the A, C, and S lines at Franklin Avenue-the location offers unrivaled convenience. Nearby cultural and culinary highlights include the Brooklyn Museum, Brooklyn Botanic Garden, and Brooklyn Public Library, as well as acclaimed restaurants such as Mayfield, Chavela's, Cafe Rue Dix, Arden, La'Mode BK, Silver Rice. Experience the dynamic energy and enduring appeal of Crown Heights, Prospect Heights, and beyond at 625 Franklin Avenue.
Listed by Jason Abrishami
·
License #10301216796
·
Douglas Elliman Real Estate
·
(516) 238-3520
Listed by Jerry Minsky
·
License #30MI0708058
·
Douglas Elliman Real Estate
Last updated September 05, 2025
·
Source: REBNY #RLS20034012
Listing Facts
TypeMulti-family
NeighborhoodCrown Heights
Bedrooms5
Bathrooms3.5
Days on Prevu69
Taxes$7,872/year
Amenities
Private Outdoor Space
Location
Mortgage Calculator
Listing History
09/02/2025
Price Decreased
$2,125,000
06/30/2025
Listed by Douglas Elliman Real Estate
$2,250,000
Estimated Closing Costs
Total
$78,350
Attorney Fees
$4,000
NYC Mansion Tax
$26,562
Title Insurance
$9,563
Bank Attorney
$1,500
Mortgage Recording Tax
$32,725
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $2,125,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.