Rents along Franklin Avenue in Crown Heights are heating up fast, and new residential construction is finally starting to catch up. YIMBY discovered this rendering on the fence at 730 Franklin Avenue, where a six-story apartment building is in the works.
Permits were first filed in 2013 for the development, which will rise on a vacant lot between Park and Sterling Places. The DOB disapproved the initial new building application, but the project finally earned its permits in late May.
The building will hold 9,000 square feet of residential space and 1,676 square feet of ground floor retail. There will be 10 apartments, and the average unit will measure 900 square feet, which could mean rentals or condos. Apartments will begin on the second floor and continue through the sixth, with two units per floor. A penthouse duplex will occupy part of the top floor.
Permits list the owner as Shlomi Avdoo, who operates two chocolate shops in Brooklyn Heights and the Upper West Side. He’s doing business as an LLC based two doors down at the offices of Brooklyn-focused brokers MySpace NYC. Last year, he filed plans for a four-story mixed-use building at 406 Prospect Place, a few blocks west of here in Prospect Heights. Engineer Sion Hourizadeh is the applicant of record.
Overall, the facade looks reasonably attractive and promises to fit in well with the century-old brick apartments buildings and storefronts on either side. The large, casement-style windows will bring in plenty of light, and one apartment on each of the upper floors will have a private balcony.
A glimpse behind the fence revealed that excavation has started, but it was halted last week thanks to a stop work order. Construction is expected to wrap in winter 2016, according to the sign posted on the fence.
The 27-foot-wide plot last changed hands for $800,000 in 2012, or only $74 per buildable square foot.