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It really takes the 'hood to another level, and I suspect people are paying more to live near it.
Yesterday the brokerage Massey Knakal put out a release saying a local developer has purchased a site at 505 St. Marks Avenue in Crown Heights and plans to construct a 128-unit rental. The existing building on the property, which is between Classon and Franklin avenues, is going to be demolished. The site sold for $4.5 million