Franklin Ave Mixed-Use Building | Crown Heights

Highlights:

• Ground Floor Retail + Two Free-Market Residential Units
• Immediate Value-Add Opportunity Through Retail Lease-Up
• Fully Built-Out Restaurant and Bar Space, Delivered Vacant
• Apartments Feature Stainless Steel Appliances, Exposed Brick
• Separately Metered, Tenants Responsible for Utilities
• Tax Class Protected
• Prime Franklin Avenue Location in Crown Heights
• Excellent Access to Multiple Subway Lines

Description:

TerraCRG is pleased to exclusively represent ownership in the sale of 733 Franklin Avenue, a 3-unit mixed-use investment property located on Crown Heights' most vibrant commercial corridor.

Situated minutes from Prospect Park,  the property benefits from outstanding neighborhood amenities, a thriving restaurant and nightlife scene, and convenient access to multiple subway lines, supporting strong residential and commercial demand. This offering is ideal for investors seeking durable cash flow with meaningful upside through retail lease-up.

The property consists of approximately 2,775 square feet across three stories. The building features two free-market residential apartments above a vacant ground-floor retail space that is fully built out as a restaurant and bar, offering an exceptional opportunity for an owner-user or investor to lease the space at current market rents with minimal additional build-out costs. The apartments are state-of-the-art with separated heating, exposed brick, and a private deck on the top floor. The property is classified as Tax Class Protected, providing long-term real estate tax benefits.

733 Franklin Avenue presents investors with a turnkey mixed-use asset featuring stable residential income and immediate value-add potential through the lease-up of the commercial space. The combination of free-market residential units and a fully improved restaurant storefront creates a compelling investment opportunity in one of Brooklyn's most sought-after neighborhoods.