Franklin Avenue

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  • 708 Franklin Ave Brooklyn New York 11238 United States
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1REC's Take
Pros

✔ Vibrant cultural scene ✔ Diverse dining options ✔ Proximity to public transport

Cons

✘ High cost of living ✘ Traffic congestion ✘ Limited parking

Shopper Profile

✦ Diverse Shoppers: Local residents and visitors ✦ Preferences: Trendy dining, boutique shopping, local services

Successful Retail Uses:
Trendy Dining, Boutique Shops, Local Services
About Location
Franklin Avenue serves as a commercial and cultural hub in Crown Heights, featuring a mix of trendy boutiques, cafes, and bars, along with more established local businesses. The area has been experiencing gentrification, and rental prices have been rising but are generally moderate to high.
Household Income in Trade Area: $70,000
Retail Sales in Trade Area: $700 million
Population in Trade Area: 300,000
Occupancy
Tenant Sales per Square Foot: $700
Occupancy Rate: 88%
Anchor Tenants: Franklin Avenue Shopping District, Various small businesses
Tenant Rent/Sales Ratio (%): 7.14% – 21.43%
Rent $ / Visitor (relative cost of the foot traffic): $14.29
Other Notes: Data sourced from public and private records.
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Preferred ISP(s)
Spectrum, Verizon
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
Medium
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Primary Landlord: Street
Retail Type: Streets & Neighborhoods
Address: 708 Franklin Ave
Brooklyn
New York
11238
United States
MSA: New York-Newark-Jersey City NY-NJ-PA

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