1428 Franklin Avenue, The Bronx, NY, USA

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 1428 FRANKLIN AVENUE — The newly constructed eight (8) family apartment building is situated on the corner of Franklin Avenue & Crotona Park South in the Claremont Village of the Bronx.

The building spans approximately 10,000 square feet over three floors. There are two units on the ground floor, and three units on both the second and third floors. There are five (5) extra-large three bedroom, two-bath apartments, two (2) two-bedroom one-bath apartments, and one one-bedroom with a study. The building was built with efficiency in mind and is fully electric. The units are sub-metered and have split AC units in each room of each apartment. The building received it’s TCO in June ’22, and now the five free-market units will be leased by REZI with the rents guaranteed. Ownership has filed for a 35-year Affordable New York tax abatement, and three of the eight units would be affordable through the HPD lottery.

1428 Franklin Avenue is conveniently located directly across from Crotona Park, and is walking distance to the Freeman Street subway station.

If you would like additional information, or to schedule a tour of the property please reach out to the exclusive brokers.