886 Franklin Avenue — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Brooklyn, NY 11225

Photos

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Investment Figures

Cap rate
6.90%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer 886 Franklin Avenue, a three-story mixed-use building in Crown Heights with four free-market apartments over one store. The apartments aren't typical. The two top-floor units are lofts, and both second-floor units have their own outdoor space. The retail space is enormous. It runs 90 feet deep with a full basement underneath. The building sits in the middle of one of central Brooklyn's busiest retail strips, with restaurants, cafés, bars and neighborhood retail drawing steady foot traffic all day. Prospect Park, the BrooklynBotanic Garden and the Brooklyn Museum are all about a ten-minute walk, and Medgar EversCollege is two blocks south. Transit is three blocks away. Franklin Avenue–Medgar Evers College at Eastern Parkway is an express stop on the 2, 3, 4 and 5, which puts Atlantic Terminal one stop away and Manhattan a direct ride.The Franklin Avenue Shuttle runs out of the same station with a free transfer, connecting to the B and Q at Prospect Park and the C at Fulton Street. Investment Highlights: • 886 Franklin Avenue is a mixed-use asset in Crown Heights, Brooklyn, containing 5 units spanning 5,300 SF. • 100% Free Market | Tax Class: 2A | Zoning: R8X, C2-4 • 886 Franklin Avenue is in close proximity to 2,3,4 & 5 Subway lines, including connectivity to the Franklin Avenue Shuttle, connecting to the B & Q at Prospect Park and the C at Fulton Street.

Market Context

This mixed use in Brooklyn, NY is listed for sale. It is offered at an approximate 6.9% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in Brooklyn, NY — view the full market.

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