Rentals: 377 Franklin Avenue 90% Rented
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…
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]
I have also lived in the building since opening. Great apartment but horrible building. these guys are slumlords. NOTE: THE OWNERS ALSO ARE PARTNERS IN RAPID REALITY!!! Illegal office on the first floor. the sprinklers went off in the building, we had a break in by someone with a key, (to mention just a few things)and our heat has been off since we hired an attorney to try and get out of our lease, a contractor came out and said the brand new heating unit has been tampered with. There are kids in the building and no fire doors, smoke detectors or other safety equipment. There are stop work orders on the building but the city doesnt seem to care. tenants have had everyone from DOB to HPD to FDNY to inspect and they are still in biz pulling the same stuff every month. Not sure who they are paying off but its out of control. stay away from the Hesedic landlords, I hate to say it but I have heard this story a million times. If you hear Advanced Management, Rapid Reality or Joel Karpen RUN!!!!! Screw Brooklyn we just bought a house in Long Island 10 minutes to the beach, 30 minutes from the city and our mortgage with taxes will be hundreds less a month then rent. oh and we have a pool!! These people are crazy to think in these times we are all stupid enough to deal with their shit.
!! FOR PEOPLE WHO THINK ABOUT MOVING INTO 377 FANKLIN AVE !!
i lived in 377 Franklin Ave for a year. we were the first tennents in the apartment,.. the building quality was not so great.
– lots of WATER DAMAGEs (to my knowlege in apartments on the 1st, 2nd, and 5th floor).
– MAMAGEMENT of the place ..there is not a word that is negativ enough that would describe them. they prmised to fix things (but apparently they “didn’t have enough money” for repares nore to pay the super) BS! they are some lazy F^#*&% slumlords! we reminded them to adjust the fire safty doors in the hall way pretty much the entire year we lived there.. i bet they are still not closing right. things like that don’t even take money to be fixed they just DID NOT CARE about ANYBODY as long as they paid rent.
btw check this out.. we withheld rent, because they wouldn’t come fix things in our apartment (even though they put it in our lease that they would fix it) and those Fu(#$& go tell the super (whom they owe money to) to get his money from us. WTF!? they actually used this big russian guy named Ivan to threaten their tennents.
do i have to write any more?
– look for 377 Frankin Ave on
http://www.nyc.gov/html/hpd/html/home/home.shtml
http://167.153.4.71/Hpdonline/select_application.aspx
and see yourselves
CLICK on Complaint History & All Open Violations
..so just a heads up, in case you are thinking about renting / buying from Franklin Ave LLC ..DON’T (my personal advice) DO NOT, they are slum-lords
peace
i agree better to buy at that prince and own your little space than rent in this area , crazy !
wow amazing they got those prices, this place is in the hood. most be out of towners.
very nice building but wont pay a penny more than $1600 for 1 bedroom $2000 for 2 over there
My Cousin lives here at 377 in a 2 bedroom apt. and I must say yes the building is pretty descent and if you have good taste your place can look really nice…does it worth $2600? on the long run not in my opinion and on hers management is bad + they told her there was going to built a gym and it was never happening.
Anyway I been living in this area of the Stuy for past 6 years now.
I’ve seen it gone from, cabies saying I don’t go to BedStuy days to I have a Japanese spa and restaurant down the block days.
If you have the dow to shell out $2600 a month not including your additional living expenses, I’ll suggest be smart take advantage of the market and invest into a property that you can call your own, it might take you a lil’ longer to achieve but in the end you’ll be spending far less and you’ll be much more satisfied …don’t just go with the hype of moment..but then again worth is in the eye of the beholder and the I don’t now better.
What you dont see in this picture is that the terraces (because most are beyond balcony. I’m talking 600sqft plus) are completely Decked with solid wood planks. The roof is completely decked as well and is for resident use. Not to mention there is another private deck if the roof is being used. The personal garages come with a water spout for car washing, climate control, private entrace to the building, and 80sqft of STORAGE! Video intercom is great security. There is an upcomming public space that might be used for gym equipment, or recreation of some kind. It is definately worth the cost. If you compare this apt to another “gentrified” neighborhood they would go for 4000 and up a month. Getting all this for 2000 a month is amazing. The cost is most definately down being that it is on the exact border of Clinton Hill and Bed-Stuy.
dude, what’s with the rapid realty bashing? i just finished working with them and the whole thing went really well. just because one person had a shitty experience (you don’t think that every company in the world has had an unsatisfied customer from time to time?), that doesn’t mean that someone else is “better off renting from a “non-English speaking slum landlord”! my landlord, who I got using rapid realty, is great, and so was their service. a little overly dramatic, i think.
Hey!!!!!If someone likes the neighborhood and apartment so be it.Bed-Stuy or Clinton Hill, so what!!
you know, its amazing how much the prices have gone up. unfortunately that’s the way its going, more and more people are moving from manhattan, and brooklyn (esp. near pratt) places are getting more expensive. neighborhoods that, just a few years ago, would be shunned by “out-of-towners” are now seen as “up and coming,” and “the next big thing”. it’s the market, and it’s gentrification, and it’s the way the cookie crumbles. i can’t afford it, but a lot of people can.
but, hey, if i could swing it, i would in a heart beat. get outta my shitty old place with slanted floors and cracking ceilings and get into a nice new, modern place with a balcony? yes.