180 Franklin Avenue
Brooklyn (Clinton Hill/Bed-Stuy), NY
Property Type
Rental Apartments
Project Type
Acquisition – New Construction
Role
Limited Partner
Acquisition Cost
$70.7 million
Square Footage
105,823
Number of Units
118
Operating Partner
Muss Development
Architect
Isaac and Stern Architects
Bridge Lender
Prime Finance
Completion
2016
180 Franklin Avenue is a newly constructed, 5-story, 118-unit rental development with a mix of studio, one-bedroom, two-bedroom, and duplex apartments. Apartments feature open kitchen layouts with stainless steel appliances; stone countertops; modern cabinetry; individually-metered hot water, air conditioning and gas units; Bosch washer/dryers; and wide plank oak flooring.
Located near the Pratt Institute, one of New York’s most renowned fine arts universities, the building has common areas which have been programmed with an array of creative work spaces that reflect an artistic and communal lifestyle, with an artist workroom, gallery space, group-study and private meeting spaces, and an acoustically insulated music rehearsal room. The property also features on-site parking, bike storage, private storage units, an attended lobby, fitness center, billiards lounge with wet bar, a library area, landscaped roof terrace with barbeques and lounging areas that offer sweeping views of Manhattan.