Rentals: 377 Franklin Avenue 90% Rented

377-Franklin-Avenue-Brooklyn-0408.jpg
We’ve been watching 377 Franklin Avenue rise since 2006, wondering for much of that time what would become of the boxy modern structure. Now we know. Turns out the developer opted for the rental path and, according the listing agent Rapid Realty, nine out of the ten units have rented. One bedrooms have gone for around $1,800 and two bedrooms for $2,600; there were some parking spaces on the ground floor that have rented for $200 a month as well. These prices sound about right to you?
377 Franklin Stalled No More [Brownstoner] GMAP
Development Watch: Stalled on Franklin [Brownstoner]
Franklin Avenue Rising: 377′s Gone Yellow [Brownstoner]

By Brownstoner |