212 FRANKLIN Street Brooklyn, NY 11222
5 Beds
4 Baths
3,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $1,514
Subdivision Greenpoint
MLS Listing ID RLS20024453
Bedrooms 5
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1931
Annual Tax Amount $11,112
Property Sub-Type Mixed Use
Property Description
This 25-foot-wide, brick fa ade, metal-framed mixed-use townhouse was completely rebuilt in 2014 to seamlessly blend high design with modern functionality, making it an ideal opportunity for both end-users and savvy investors.
The property is configured as a two-unit residence over store, featuring a full-floor two-bedroom, one-bath apartment with private outdoor space, a spacious 3.5-bedroom, two-bath penthouse with a rooftop terrace, and a ground-floor retail space that includes a private yard and a finished lower level. This thoughtful layout offers exceptional income potential while providing the flexibility to occupy part or all of the residential section. Whether maintained as a high-performing investment or converted into a luxurious single-family home, the design and scale of 212 Franklin rival the finest townhouses on the market.
With its versatile usage, elevated finishes, and impressive earning potential, this property is ready to deliver both high yield and refined living.
Currently generating a strong income stream, 212 Franklin boasts a cap rate of 5.29%, with a projected cap rate that can easily grow to 6.2%, making it a high-income investment opportunity in one of Brooklyn's most desirable neighborhoods.
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Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Central Air
Fireplace No
Appliance Washer Dryer Allowed
Laundry Building Other, Washer Hookup, In Unit
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
View Other
Porch Terrace
Private Pool No
Building
Dwelling Type Mixed Use
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $926
Special Listing Condition Standard
Pets Allowed Building Yes, No
