Welcome to a distinguished corner property nestled in the dynamic Crown Heights neighborhood of Brooklyn. This impressive investment opportunity spans three stories plus a basement, featuring a first-level commercial space and two upper rental apartments, complemented by three garages. Strategically positioned at the intersection of Crown Heights and Prospect Heights, this brick beauty offers versatility and potential for both investors and owner-occupiers. The ground floor boasts a prominent commercial area with excellent visibility, ideal for attracting foot traffic and enhancing business prospects. Above, two well-appointed apartments promise comfortable living spaces for tenants seeking the quintessential Brooklyn experience. Spread across a generous 20' × 80' lot with R7A zoning, this property also presents an additional 3,000 square feet of buildable air rights (subject to architect/engineer confirmation). This significant potential allows for future expansion, making it a standout opportunity in Brooklyn’s competitive real estate market. The full basement with high ceilings offers ample storage or workshop space, catering to a variety of needs and enhancing the property’s utility. Beyond its physical attributes, enjoys a prime location near bustling dining and retail hubs along Franklin, Flatbush, Washington, and Vanderbilt Avenues. Residents and tenants benefit from seamless access to transportation with nearby train and bus services, ensuring effortless connectivity throughout the city. The property is being offered subject to the existing tenancy on the first and second floors, with the top-floor apartment available for immediate occupancy, this property offers a balanced blend of stability and flexibility for prospective buyers.

Building type: Attached

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631 Franklin Ave, Brooklyn, NY 11238

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