--- title: "685 FRANKLIN Avenue, New York City, NY 11238" description: "685 FRANKLIN Avenue, New York City, NY 11238 — Crown Heights, New York City, NY. Listing Price $3,500,000. 18 bed, 14 bath, 2,430 sqft Illustrative Buyer Commission Share of $52,500 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/685-franklin-avenue-ny-11238" source: "Real Estate Rebate Team" dateModified: "2026-09-12T00:46:25.168Z" status: "Active" --- # 685 FRANKLIN Avenue, New York City, NY 11238 Crown Heights, New York City, NY Courtesy of Corcoran Group Last updated: September 11, 2026, 8:46 PM ## At a Glance - **Listing Price**: $3,500,000 - **Beds**: 18 - **Baths**: 14 - **Sqft**: 2,430 - **Monthly Taxes**: $5,647 / mo - **Price per Sqft**: $1,440 - **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**: $3,500,000 - **Illustrative Buyer Commission Share**: -$52,500* - **Illustrative Net Cost**: $3,447,500 *Illustrative Buyer Savings of $52,500 — 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) ![685 FRANKLIN Avenue, New York City, NY 11238 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ded277be-5b8e-40d3-9d88-31b657ec1576.jpg) ![685 FRANKLIN Avenue, New York City, NY 11238 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/79c724ed-af63-410e-8c5e-da79ac55db85.jpg) ![685 FRANKLIN Avenue, New York City, NY 11238 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9e579ed4-a8d1-4e64-9fc8-9bf0f0918705.jpg) ![685 FRANKLIN Avenue, New York City, NY 11238 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9e4f2feb-e82e-48bc-b2d9-1614addf5048.jpg) ![685 FRANKLIN Avenue, New York City, NY 11238 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cc59cb88-f63b-4b6e-bcf2-6a98a032ed3c.jpg) ![685 FRANKLIN Avenue, New York City, NY 11238 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3a48b0ae-4108-42b5-8cfb-835c2f1dbf5e.jpg) ![685 FRANKLIN Avenue, New York City, NY 11238 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/89d508e0-9b17-466e-bebd-83e4751d1121.jpg) ![685 FRANKLIN Avenue, New York City, NY 11238 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1fa8337b-1713-43be-adbf-bbdbd0d99970.jpg) ![685 FRANKLIN Avenue, New York City, NY 11238 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5a570c50-521f-46cf-bdc2-92481bb7b891.jpg) ![685 FRANKLIN Avenue, New York City, NY 11238 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d1f2df0e-6f03-4093-9cd7-56f21c7f4453.jpg) ## Property Overview 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 - **Property Type**: Mixed Use - **Beds**: 18 - **Baths**: 14 - **Rooms**: 40 - **Sqft**: 2,430 sqft - **Stories**: 4 - **Year Built**: 1910 - **Price per Sqft**: $1,440 - **Monthly Taxes**: $5,647 / mo - **Listed On**: Aug 4, 2026 - **Days on Market**: 42 Days ### Residence Features - Building Other - Assigned - Garage - Smoke Free ### Building Amenities - Assigned - Garage ## Property Tax History Taxes at 685 FRANKLIN Avenue were $70,560 in 2026, up 3.6% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $585,000 | $42,750 | $542,250 | $564,480 | $70,560 | 12.5% (estimated) | | 2025 (FY 2025/26) | $611,550 | $42,750 | $568,800 | $544,770 | $68,096 | 12.5% (estimated) | | 2024 (FY 2024/25) | $559,800 | $42,750 | $517,050 | $545,850 | $68,231 | 12.5% | | 2023 (FY 2023/24) | $493,650 | $42,750 | $450,900 | $493,650 | $61,716 | 12.502% | | 2022 (FY 2022/23) | $572,400 | $42,750 | $529,650 | $564,390 | $69,234 | 12.267% | | 2021 (FY 2021/22) | $486,450 | $42,750 | $443,700 | $486,450 | $59,517 | 12.235% | | 2020 (FY 2020/21) | $616,950 | $42,750 | $574,200 | $550,260 | $67,500 | 12.267% | | 2019 (FY 2019/20) | $597,150 | $42,750 | $554,400 | $512,010 | $63,863 | 12.473% | | 2018 (FY 2018/19) | $549,000 | $42,750 | $506,250 | $474,750 | $59,875 | 12.612% | | 2017 (FY 2017/18) | $511,650 | $42,750 | $468,900 | $424,260 | $53,962 | 12.719% | | 2016 (FY 2016/17) | $476,550 | $42,750 | $433,800 | $382,590 | $49,324 | 12.892% | | 2015 (FY 2015/16) | $425,700 | $42,750 | $382,950 | $335,250 | $43,190 | 12.883% | | 2014 (FY 2014/15) | $410,850 | $42,750 | $368,100 | $293,760 | $37,763 | 12.855% | | 2013 (FY 2013/14) | $296,550 | $42,750 | $253,800 | $257,940 | $33,906 | 13.145% | | 2012 (FY 2012/13) | $303,300 | $42,750 | $260,550 | $242,910 | $32,018 | 13.181% | | 2011 (FY 2011/12) | $239,850 | $30,600 | $209,250 | $226,530 | $30,430 | 13.433% | | 2010 (FY 2010/11) | $218,250 | $30,375 | $187,875 | $222,840 | $29,756 | 13.353% | 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 3012240001. 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 ### 685 FRANKLIN Avenue 685 FRANKLIN Avenue, Brooklyn, NY 11238 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1910 - **Total Units**: 1 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/685-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/11238/685-franklin-avenue-ny-11238) | 18 | 14 | 2,430 sqft | $1,440 | $3,500,000 | Corcoran Group | Aug 4, 2026 | 41 days | ## Estimated Monthly Payment **$23,345 / month**, assuming a 20% down payment ($700,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $17,698 - **Property Taxes**: $5,647 Estimates only. Actual payments may vary. Confirm terms with your lender. ## 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 - [685 FRANKLIN Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/685-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.