705 - 711 Franklin Avenue recently changed hands for $12M

Comments

• MrBisco

  March 2016

  I don't know if I'm more annoyed (in advance) at the eventual disruption caused by the construction or the loss of the laundromat.

  
  

  Probably the laundromat.
• whynot_31

  March 2016

  I'm kind of annoyed that I may never get to retire.

  Several years ago, I decided it would be fun to use Brooklynian to record the big developments happening in western Crown Heights, as I walked my dog around the area.

  I created a list of the "Big 6", then the "Big 9", then the Big 16.

  http://www.brooklynian.com/discussion/44634/links-to-the-big-16-developments-in-western-crown-heights
  
  At some point, I assumed I would need a new hobby, but it seems I will need a new dog first.
• epiclylaterd

  March 2016

  Photo is pre bling baby mural RIP
  
• mike

  March 2016

  indeed.

  
  

  

  photo by Abeni G
• yesbrooklyn

  March 2016

  Any details about the purchaser?
• whynot_31

  March 2016

  I don't have any details beyond what is available on ACRIS.

  IE

  It is an LLC, and there is no way that the present array of businesses and present building is going to provide a decent ROI on $12M. 

  
  
• pragmaticguy

  March 2016

  Figure anything that's put up is going to cost about $5 million and you're looking at some awfully steep rents.
  
• whynot_31

  March 2016 edited March 2016

  The site is not as large, but I expect the new building that goes up to be every bit as nice as the one being presently being built at Franklin and Dean.

   http://www.brooklynian.com/discussion/45145/the-part-of-the-old-brewery-that-is-becoming-a-huge-complex-franklin-dean#Item_40
• whynot_31

  March 2016 edited March 2016

  I wanted a shot that had the two sides.

  
  

  
  

  
• whynot_31

  May 2017

  A customer of the laundromat has learned it will close in about two months, and then the building (laundromat, thai restaurant and medical clinic) will be demolished. ...construction of a residential building will likely follow.
• whynot_31

  May 2017 edited May 2017

  Medical office already closed a big site:
• whynot_31

  August 2017 edited August 2017

  Article on how laundromats are disappearing. https://www.citylab.com/life/2017/07/the-decline-of-the-american-laundromat/535431/
• whynot_31

  January 6

  Despite the above, the laundry is still open. And, there is no demolition permit on file yet. Perhaps we will see heavy equipment in the spring...