At a news conference on November 3rd, Frank Bennett, President of the board of the New Frankford Community Y, announced that an agreement has been reached with Beneficial Mutual Savings Bank to acknowledge satisfaction of the mortgage on the property located at 4704 Leiper Street and also known as the historic Bromley Mansion. This clears the way for development of the property and reopening it as a community center.
In addition, Mr. Bennett has signed an agreement with the board to lease the mansion area of the property which will house offices for his law practice and real estate business. He will restore the building in exchange for a 99 year lease at $1.00 per year.
The recreational area of the property will be restored to community use.
With the loss of the PAL center and Salvation Army recreational facilities for youth, the need for a place for kids to go in Northwood and Frankford has never been greater.
Further details are available in the video at the top of the page.
The subject of the Frankford Y building at 4704 Leiper Street took up the better part of the meeting. A suggestion was made that the Civic should petition in Orphans Court to have a receiver appointed who would then be able to take control of the property. That action might give the community some leverage in the disposal or reuse of the building.
Nominations were opened for board members and only one person volunteered. That does seem unfortunate and not a good sign for the future of Northwood.
276-894 4704 Leiper St. 23rd Ward 33,125 sq. ft. BRT# 882938230 Improvements: Misc. YMCA Type Masonry
THE NEW FRANKFORD COMMUNITY Y C.P. August Term, 2010 No. 000911 $178,464.93 plus interest through the date of the sheriff’s sale, plus costs William J. Levant, Esq.
Here are some real estate transactions courtesy of our friends at ReMax CitySpace. Data includes sales of Frankford properties in May of 2009.
|936-38 Herbert St $199,900|
|1118 Kenwyn St $55,000|
|1660 Granite St $27,500|
|5115 Valley St $65,000|
|5220 Oakland St $85,000|
|4339 Tackawanna St $45,000|
|5154 Leiper St $60,000|
|1105 Harrison St $110,000|
|930 Anchor St $55,000|
|2139 Carver St $56,000|
|4704 Large St $94,000|
|4310 Milnor St $99,000|
|5432 Discher St $89,900|
|5314 Sylvester St $125,000|
|5129 Walker St $89,900|
|2074 Simon St $71,000|
|1228 Wakeling St $175,000|