Name: 655 Franklin Avenue
Developer: Franklin Heights, Inc.
Size: Four stories, eight units
Prices: $550,000 to $999,000
Sales and Marketing: Elliman
Another small piece of the Crown Heights' massive residential building boom has come to market, as five of the eight units in 655 Franklin Avenue now have live listings. The building, which was converted to condos in 2013, was previously owned by the Ethiopian World Federation, Incorporated until 2007, when it sold to an LLC. In 2010, it sold again, for a mere $235,000, to an entity known as Franklin Heights, Inc., which is listed as the owner on subsequent Department of Buildings permits. With a total square footage of 7,687, the units average just under 1,000 square feet. The five that are on the market are asking between $600 and $900 per square foot.
· Listing: 655 Franklin Avenue [Streeteasy]
· Mapping Crown Heights' Crazy Residential Building Boom [Curbed]