1397 Franklin Ave

This 33-foot-wide, three-story corner mixed-use building consists of two retail stores on the ground floor with two four-bedroom residential apartments above. The apartments feature attractive wood floors, 10-foot ceilings, generously sized closets in each bedroom, excellent natural light, and individual gas and electric metering.

The property presents a strong investment opportunity, with upside through renovations to the apartments and common areas, as well as a compelling development opportunity allowing for a new 9,647-square-foot building with ground-floor commercial space. It also offers an appealing user opportunity, enabling an owner to operate a business from the corner retail spaces while residing in one of the apartments. Positioned at the intersection of Franklin Avenue and 170th Street, the property benefits from excellent residential and commercial exposure and convenient access to the 2 and 5 subway lines at 174th Street and Freeman Street.