--- title: "625 FRANKLIN Avenue, New York City, NY 11238" description: "625 FRANKLIN Avenue, New York City, NY 11238 — Townhouse in Crown Heights, Brooklyn, NY. Listing Price $2,125,000. In contract 6/2/2026. 5 bed, 4 bath, 900 sqft Illustrative Buyer Commission Share of $31,875 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/625-franklin-avenue-ny-11238" source: "Real Estate Rebate Team" status: "Pending" --- # 625 FRANKLIN Avenue, New York City, NY 11238 Townhouse in Crown Heights, Brooklyn, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $2,125,000 - **Status**: In contract 6/2/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 5 - **Total Baths**: 4 - **Sqft**: 900 - **Monthly Taxes**: $656 / mo - **Price per Sqft**: $2,361 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $2,125,000 - **Illustrative Buyer Commission Share**: -$31,875* - **Illustrative Net Cost**: $2,093,125 *Illustrative Buyer Savings of $31,875 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![625 FRANKLIN Avenue, New York City, NY 11238 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a93d6df4-6b4d-4652-830a-f3f4ca787b8a.jpg) ![625 FRANKLIN Avenue, New York City, NY 11238 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9fe0e81e-fcf9-4e22-92c8-a84ceb45d7ee.jpg) ![625 FRANKLIN Avenue, New York City, NY 11238 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/03fea319-6d5c-4055-8f81-721fd1076768.jpg) ![625 FRANKLIN Avenue, New York City, NY 11238 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/26283f4e-0eee-4dc8-bbe5-e32c8e5a6df8.jpg) ![625 FRANKLIN Avenue, New York City, NY 11238 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1244317c-5ba3-43d4-9b9f-d235edbf9f5c.jpg) ![625 FRANKLIN Avenue, New York City, NY 11238 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1898c101-48de-4eb4-bd09-dc1e94850a7f.jpg) ![625 FRANKLIN Avenue, New York City, NY 11238 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d117e464-59f0-47ad-932c-13e398933e47.jpg) ![625 FRANKLIN Avenue, New York City, NY 11238 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f8b2593e-6786-4431-9b6d-b4221b087e49.jpg) ![625 FRANKLIN Avenue, New York City, NY 11238 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6da3b749-698c-4d42-a309-e3831e11656b.jpg) ![625 FRANKLIN Avenue, New York City, NY 11238 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/df0f115a-d7ea-459a-be8b-75dfcc705c84.jpg) ## Property Overview 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. ## Property Details - **Property Type**: Multi Family - **Beds**: 5 - **Total Baths**: 4 - **Rooms**: 15 - **Sqft**: 900 sqft - **Stories**: 3 - **Year Built**: 1920 - **Price per Sqft**: $2,361 - **Monthly Taxes**: $656 / mo - **Listed On**: Jun 30, 2025 - **Days on Market**: 444 Days ### Residence Features - Washer Hookup - In Unit - Smoke Free ## Estimated Monthly Payment **$11,401 / month**, assuming a 20% down payment ($425,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $10,745 - **Property Taxes**: $656 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $2,125,000 - **Median sold price**: $1,999,999 - **Difference**: +$125,001 (+6.3%) - **This home, $/ft²**: $2,361 - **Median $/ft²**: $714 - **Comparable sales**: 21 - **Sales from**: September 2021 – September 2026 - **Middle half of those sales**: $1,500,000 – $2,385,000 Based on house sales in Crown Heights. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Crown Heights. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sale-to-list price**: 94.9% (20 sales) - **Sold below asking**: 70% (20 sales) - **Typical time to find a buyer**: 79 days (19 sales) - **Typical time to close**: 49 days (19 sales) Based on house sales in Crown Heights with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Sales data through September 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 625 FRANKLIN Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/625-franklin-avenue) ## Price and Property History for 625 FRANKLIN Avenue Review the recorded listing activity for 625 FRANKLIN Avenue, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $125,000, or 5.6%, on September 2, 2025 - **Originally listed**: June 30, 2025 at $2,250,000 - **Entered contract**: June 2, 2026 | Date | Price | Listing event | | --- | --- | --- | | June 2, 2026 | $2,125,000 | Entered contract | | April 21, 2026 | $2,125,000 | Returned to the market | | September 2, 2025 | $2,125,000 | Asking price reduced by $125,000, or 5.6% | | June 30, 2025 | $2,250,000 | Listed for sale by Douglas Elliman Real Estate | ## Property Tax History Taxes at 625 FRANKLIN Avenue were $8,387 in 2026, up 6.0% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $149,640 | $24,060 | $125,580 | $41,756 | $8,387 | 20.085% (estimated) | | 2025 (FY 2025/26) | $139,740 | $24,060 | $115,680 | $39,392 | $7,912 | 20.085% (estimated) | | 2024 (FY 2024/25) | $139,980 | $24,060 | $115,920 | $39,179 | $7,869 | 20.085% | | 2023 (FY 2023/24) | $132,960 | $24,060 | $108,900 | $38,101 | $7,653 | 20.085% | | 2022 (FY 2022/23) | $108,840 | $24,060 | $84,780 | $37,098 | $7,534 | 20.309% | | 2021 (FY 2021/22) | $85,260 | $24,060 | $61,200 | $36,132 | $7,213 | 19.963% | | 2020 (FY 2020/21) | $79,500 | $24,060 | $55,440 | $16,301 | $3,431 | 21.045% | | 2019 (FY 2019/20) | $74,820 | $24,060 | $50,760 | $16,123 | $3,413 | 21.167% | | 2018 (FY 2018/19) | $15,225 | — | — | $15,225 | $3,185 | 20.919% | | 2017 (FY 2017/18) | $14,389 | — | — | $14,389 | $2,933 | 20.385% | | 2016 (FY 2016/17) | $13,584 | — | — | $13,584 | $2,716 | 19.991% | | 2015 (FY 2015/16) | $13,584 | — | — | $13,584 | $2,656 | 19.554% | | 2014 (FY 2014/15) | $13,436 | — | — | $13,436 | $2,574 | 19.157% | | 2013 (FY 2013/14) | $12,688 | — | — | $12,688 | $2,435 | 19.191% | | 2012 (FY 2012/13) | $11,991 | — | — | $11,991 | $2,227 | 18.569% | | 2011 (FY 2011/12) | $11,320 | — | — | $11,320 | $2,061 | 18.205% | | 2010 (FY 2010/11) | $11,320 | — | — | $11,320 | $1,966 | 17.364% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3012110004. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 625 FRANKLIN Avenue Crown Heights · Multi Family 625 FRANKLIN Avenue, Brooklyn, NY 11238 A building in Crown Heights, currently featuring 0 active listings. - **Year Built**: 1920 - **Active Units**: 0 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/625-franklin-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/625-franklin-avenue-ny-11238) | 5 | 4 | 900 sqft | $2,361 | $2,125,000 (-5.6%) — In contract | Douglas Elliman Real Estate | Jun 30, 2025 | 444 days | ## Crown Heights Overview of Crown Heights [Explore Crown Heights](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Crown Heights - [Prospect Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) - [Prospect Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park) - [Brownsville real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brownsville) - [East Flatbush real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-flatbush) ## Related Links - [625 FRANKLIN Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/625-franklin-avenue) - [Crown Heights neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.