245 Franklin Condominium
245 Franklin Avenue, Brooklyn, NY 11205
Overview
245 Franklin is a 112-unit condo in Brooklyn, with 1 commercial unit.
- Prices: $1,748 a square foot on average, as first offered; $16.9 million in all
- Common charges: $336–$1,036 a month, the sponsor's first-year estimate
- Sponsor: 245 Franklin LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.
- Subway: 5-minute walk to Bedford-Nostrand Avs (G); 6 minutes to Classon Av (G)
- Units
- 112 residential · 1 commercial
- Subway
- 5 min walk to Bedford-Nostrand Avs GClasson Av G, 6 min
- Average $/sf
- $1,748Homes in Schedule A, as first offered
- Common charges
- $336–$1,036 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 - June 30, 2026
- Offering price
- $16.9 million total
Units & Prices
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →The Building
Amendments
Amendment 2
The amendment declares the Vesta Condominium plan effective after 19 Unit sales, bans e-bikes in units and common areas, sets new advertised prices for 57 units, and extends the offering term by six months.
- Plan declared effective: purchase agreements accepted for 19 Units (16%)
- Advertised prices set for 57 Units (36 A-line, 21 B-line)
- E-bikes banned in all Units and common areas except the bicycle storage room; owners must give buyers and renters a copy of the policy
- Plan term extended by six months from the filing date of this Amendment
Amendment 1
This amendment changes the advertised purchase prices for 56 units, offers previously withheld units PH2A and 601B for sale, and attaches an updated Schedule A as Exhibit A.
- Advertised purchase prices set for 56 units (35 A-units and 21 B-units)
- Previously withheld units PH2A and 601B now offered for sale
- Updated Schedule A attached as Exhibit A
Team
- Sponsor
- 245 Franklin LLC
- Construction lender
- Bayport FundingLender on the mortgage and building loan agreement recorded July 2023 in ACRIS; $6.78 million recorded
- General contractors
- Foremost Contracting & Builders, W & L Group Construction, Precision Home Dev, Detailed Construction, Redline Construction & ManagementHeld the general construction permit on DOB job 321584825
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning districts
- R7A, R6BThe lot is split between two districts, the largest share first
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 214 Skillman Street Condominiumnext door · 2 units · 2024
- 974 Bedford Avenue Condominiumnext door · 3 units · 2025
- 945 Bedford Avenue Condominium0.1 mi · 2 units · 2022
- 230 Spencer Street Condominium0.1 mi · 2 units · 2008
- 540-550 Dekalb Avenue Housing Development Fund Corporation0.1 mi · 7 units · 2026
- 191 Spencer Street Condominium0.2 mi · 18 units · 2003
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