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Listing Courtesy of Compass
$ 2,000,000
Est. payment /mo
Open Wed 4PM-5PM
438 Franklin Avenue Brooklyn, NY 11238
6 Beds
5 Baths
4,414 SqFt
OPEN HOUSE
Wed May 07, 4:00pm - 5:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,414 sqft
Price per Sqft $453
Subdivision Bedford-Stuyvesant
MLS Listing ID RLS20011264
Style Walk-Up
Bedrooms 6
Full Baths 5
HOA Y/N Yes
Year Built 2009
Annual Tax Amount $12,888
Property Sub-Type Triplex
Property Description
PRIME LOCATION TOWNHOUSE w 12 rooms // 3 APARTMENTS
BED STUY/ CLINTON HILL 3 FAMILY TOWNHOUSE
LOCATION… LOCATION… LOCATION…
3 UNITS WITH FULL BASEMENT AND GARDEN
Built in 2009 and well maintained since, this three-family townhouse is in excellent condition. The property includes a 1,000 SF two-bedroom, one-bath unit on the first floor, and two 1,100 SF three-bedroom, two-bath units on the second and third floors—making it an outstanding investment opportunity.
With a maximum allowable FAR of 3.00 and an existing FAR of 2.15, zoning permits the addition of approximately 1,700 SF to the current 4,300 SF structure.
All units are separately metered, with tenants paying their own utilities. Each unit features its own boiler and hot water heater, in-unit washer and dryer, and dedicated storage space in the basement. This is a property you do not want to miss.
Asking price $2M; delivered with tenants in place.
=============
LEASES IN PLACE
* Apt 1: $3,200; Lease ends October 31, 2025
* Apt 2: $4,200; Lease ends July 31, 2026
* Apt 3: $3,600; Lease ends March 31, 2026.
==> TOTAL INCOME: $132,000 per year
EXPENSES
Property tax .......... $12 ,888 per year
Water / Sewer ..... $1,540 per year
Insurance ................. $2,840 per year
==>TOTAL EXPENSES: $17,268 per year
GROSS PROFIT: $114,732 per year
BED STUY/ CLINTON HILL 3 FAMILY TOWNHOUSE
LOCATION… LOCATION… LOCATION…
3 UNITS WITH FULL BASEMENT AND GARDEN
Built in 2009 and well maintained since, this three-family townhouse is in excellent condition. The property includes a 1,000 SF two-bedroom, one-bath unit on the first floor, and two 1,100 SF three-bedroom, two-bath units on the second and third floors—making it an outstanding investment opportunity.
With a maximum allowable FAR of 3.00 and an existing FAR of 2.15, zoning permits the addition of approximately 1,700 SF to the current 4,300 SF structure.
All units are separately metered, with tenants paying their own utilities. Each unit features its own boiler and hot water heater, in-unit washer and dryer, and dedicated storage space in the basement. This is a property you do not want to miss.
Asking price $2M; delivered with tenants in place.
=============
LEASES IN PLACE
* Apt 1: $3,200; Lease ends October 31, 2025
* Apt 2: $4,200; Lease ends July 31, 2026
* Apt 3: $3,600; Lease ends March 31, 2026.
==> TOTAL INCOME: $132,000 per year
EXPENSES
Property tax .......... $12 ,888 per year
Water / Sewer ..... $1,540 per year
Insurance ................. $2,840 per year
==>TOTAL EXPENSES: $17,268 per year
GROSS PROFIT: $114,732 per year
Location
State NY
County Kings
Interior
Interior Features High Ceilings
Flooring Hardwood
Furnishings Unfurnished
Fireplace No
Appliance Dryer, Washer
Laundry Common On Floor, See Remarks
Exterior
Exterior Feature PrivateOutdoorSpaceOver60Sqft
View Y/N No
Private Pool No
Building
Dwelling Type Townhouse,Triplex
Story 3
New Construction No
Others
Ownership None
Monthly Total Fees $1, 074
Pets Allowed Building No, No
RLS Data display by Elegran | Forbes Global Properties
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