701 Franklin Avenue

Owner: Cohabs

Acquired: December 18, 2024, $3 million

Debt: January 10, 2025, $20 million

Built: 1931

SF: 5,880

Dwelling units: 4

No. of buildings: 1

Class: Four Families (C3)

Floors: 4

Transactions:

• Cohabs borrowed $20 million from Axos Bank for 701 Franklin Avenue, 625 Morgan Avenue, and 419 Stanhope Street, Crown Heights, Brooklyn on January 10, 2025.

• Brian McCaulley sold 701 Franklin Avenue, Crown Heights, Brooklyn for $3 million to Cohabs on December 18, 2024.

Development:

• Daniel Clark filed alteration job B01106037 for 3,904 sqft J-2 building with 4 apartments in Crown Heights, Brooklyn, on November 20, 2024.