354 Franklin Avenue Condominiums
354 Franklin Avenue, Brooklyn, NY 11238
Overview
354 Franklin Avenue is a 6-unit condo in Brooklyn.
- Offering plan: Accepted April 2020 · 318 pages · floor plans on page 33
- Finishes: Hardwood floors, laminate kitchen countertops, wood or laminated cabinets, GE and Frigidaire appliances and Delta bathroom fittings
- Prices: $15.3 million in all ($7.05 million when first offered)
- Sponsor: 120-122 Lexington Ave LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.; principals Frances Frankel
- Subway: 6-minute walk to Classon Av (G); 6 minutes to Bedford-Nostrand Avs (G)
- Amendments: 3, the latest in July 2024
- Other filings: CD140218 (condo plan, filed 2014, rejected)
- Units
- 6 residential
- Subway
- 6 min walk to Classon Av GBedford-Nostrand Avs G, 6 min
- Principals
- Frances Frankel
- Offering price
- $15.3 million total $7.05 million when first offered
- Floor plans
- Page 33 of the plan
- SubmittedJune 2021
- AcceptedApril 2020
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Feb 28, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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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 →Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Jun 29, 2022
Offering prices increased for 12 units, budget updated for January 1, 2023 operations, unit square footages and common interest percentages revised.
- Offering prices increased to $2,000,000.00 for units 1R, 1L, 2R, 2L, 3R, 3L; $750,000.00 for P1; $500,000.00 for P2, P3, P4, P5, S1
- Budget projected for January 1, 2023 - December 31, 2023 with common charges income of $55,100.00
- Square footage amended for units 2R (1216 to 883.73), 2L (1212 to 878.56), 3R (911 to 855.30), 3L (938 to 849.69), P1 (474 to 335), P4 (303 to 165)
- Common interest percentages updated for all 12 units
- Building currently vacant; no units under contract
- Offering plan terms extended for six (6) months
Amendment 1 May 25, 2021
Budget updated for projected July 1, 2021 commencement of condominium operations and offering plan extended six months.
- Budget projected to begin July 1, 2021 - June 30, 2022
- Common charges $37,390 for first year
- Management fees $16,820.00
- Offering plan terms extended for six months
Team
- Sponsor
- 120-122 Lexington Ave LLC
- Principals
- Frances Frankel
- Tax estimate
- Metropolitan Realty Exemptions, IncPrepared the first-year real estate tax projection
- Property report
- Alexander Sheyman, P.E.Prepared the plan's description of the property and its condition · Named on p. 110
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6A
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 114 Lexington Avenue Condominiumnext door · 16 units · 10 parking · 2023
- 95 Quincy Street Condominiumnext door · 6 units · 2022
- 93 Quincy Street Condominiumnext door · 6 units · 2020
- 105 Lexington Avenue Condominiumnext door · 31 units · 2007
- 72 Quincy Street Condominiumnext door · 5 units · 2025
- 149 Quincy Street Condominiumnext door · 4 units · 2020
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