THE CONDO BOOK PROJECT

244 Franklin Avenue Condominium

244 Franklin Avenue, Brooklyn, NY 11205

Overview

Units
12 residential
Subway
5 min walk to Bedford-Nostrand Avs GClasson Av G, 5 min
Offering price
$7.69 million total $5.84 million when first offered

The sponsor of record is 244 Franklin Avenue LLC, represented by Jeffrey Zwick & Associates, P.C.. The sponsor has filed 4 amendments, the latest in May 2017. The nearest other condo plan on file is Marke Gardens, next door.

Plan CD150059 · New · accepted Dec 30, 2015 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan12 of 12
Closingsfirst and latest recordedOct 26, 2016 – Jul 6, 2018

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 2025: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 12 closings
HomeRecordedClosing priceSchedule ADifference
6BOct 26, 2016$640,000——
3BOct 31, 2016$585,000——
4ADec 7, 2016$580,000——
5BDec 12, 2016$599,000——
2BDec 28, 2016$555,000——
2AFeb 21, 2017$570,220——
4BApr 3, 2017$605,859——
1AApr 5, 2017$435,006——
3AMay 1, 2017$555,000——
6ADec 27, 2017$609,932——
5AMay 23, 2018$415,000——
1BJul 6, 2018$486,720——

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Team

Sponsor
244 Franklin Avenue LLC
Construction lender
Alpahema CapitalLender on the mortgage and building loan agreement recorded February 2014 in ACRIS; $2.3 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

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