438 Franklin Avenue
MLS® #RLS20011264
Listing by Compass
6
Bedrooms
5
Baths
4,414
Sq. Ft.
2009
Year Built
Quick Summary
Property Highlights
- Style: WalkUp architecture
Property Details
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
Features & Amenities
Interior Features
Exterior Features
Appliances
Building Information
Financial Details
About Bedford-Stuyvesant
View All Bedford-Stuyvesant ListingsBedford/Stuyvesant is a traditional Brooklyn neighborhood characterized by its leafy streets and strong residential identity. The housing stock features a blend of traditional row houses and contemporary boutique developments, offering a balanced lifestyle within a storied community.
Bedford-Stuyvesant Live Market Data
View NeighborhoodActive Listings
77
Median Asking Price
$1.30M
Median $/Sqft
$875
Avg Days on Market
N/A
New This Week
6
Price Reduced
29%
Sold (30 Days)
7
Median Sale Price
$1.75M
Live data from RLS at REBNY • Updated 3/23/26, 11:45 AM EST
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Location
438 Franklin Avenue, Bedford-Stuyvesant, Kings County
Floor Plans
Listing Data
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Market Data
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Listing Courtesy of Compass - Ante Jakic
Listing Contact: (718) 640-8344
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RLS Data display by Keller Williams NYC. Data last updated on 3/23/2026 at 3:45 PM UTC