--- title: "685 FRANKLIN Avenue, Brooklyn, NY 11238" description: "685 FRANKLIN Avenue, Brooklyn, NY 11238 — NYC real estate listing on Real Estate Rebate Team. Priced at $3,500,000. Est. potential buyer savings up to $87,500 (subject to buyer-broker compensation received, lender approval, and applicable law)." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/685-franklin-avenue-ny-11238" source: "Real Estate Rebate Team" --- # 685 FRANKLIN Avenue, Brooklyn, NY 11238 > **Listing Courtesy of:** Corcoran Group ## Description Prime Crown Heights Corner Asset With Durable Income and Built-In Upside 685 Franklin Avenue offers a rare opportunity to acquire a prominent corner mixed-use building in the heart of Crown Heights, just moments from Prospect Park. Set on a 2,790-square-foot lot, the property comprises 14 rent-stabilized apartments, one commercial space, and one garage. The residential mix includes 2 studios, 6 one-bedrooms, and 6 two-bedrooms, providing diversified and dependable in-place income. The commercial space is secured by a long-term lease and is undergoing a complete gut renovation, enhancing the property's value and strengthening its overall income profile. Significant capital improvements have already been completed, including a new roof and upgrades to the electrical system, gas metering, and water heaters in 2021, limiting near-term capital exposure for the next owner. Positioned along the dynamic Franklin Avenue corridor, the property benefits from exceptional visibility, consistent tenant demand, and convenient access to the 2, 3, 4, 5, A, C, and S subway lines. With stable cash flow, major systems already addressed, and additional income growth in motion, 685 Franklin Avenue represents a compelling opportunity to acquire a true corner asset in one of Brooklyn's most established and active investment markets. ## Property Details - **Price**: $3,500,000 - **Potential Buyer Rebate**: $87,500 - **Bedrooms**: 18 - **Bathrooms**: 14 - **Living Area**: 2,430 sqft - **Property Type**: Residential - **Building**: 685 FRANKLIN Avenue - **Neighbourhood**: Crown Heights - **Area / Borough**: Brooklyn - **Subdivision**: Crown Heights - **Listing Office**: Corcoran Group - **State**: NY ## Estimated Potential Buyer Savings Real Estate Rebate Team estimates potential buyer savings of up to **$87,500** at closing. *Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.* ## Related Links - [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/685-franklin-avenue) - [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/crown-heights) - [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact) --- > This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. > 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.