711 Franklin Avenue, Brooklyn
Apartment building · 60 units · built 2023 · Block 1231, Lot 1.
Building permits
- New Building — Large Residential, filed Feb 25, 2022, estimated cost $17.8M, 60 units, 8 stories, described as “Construction of an eight story new building”
- Alteration, filed May 19, 2026, estimated cost $2K, described as “Illuminated non-advertising accessory wall sign - in property lines - spear. No change of use, egress or occupancy.”
- Alteration, filed Mar 30, 2026, estimated cost $41K, described as “Spear - modification and installation of sprinkler heads.”
- Alteration, filed Mar 26, 2026, estimated cost $370K, described as “Spear - removal and installation of interior partitions, flooring and finishes. No change in use, egress, or occupancy.”
- Alteration, filed Jun 27, 2024, estimated cost $10K, described as “Installation of 6000 lb single personnel/material hoist car as per plans during construction. Hoist shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Apr 8, 2024, estimated cost $5K, described as “Installation of 300 psf sidewalk shed, overhead protection and pipe scaffolding as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Nov 22, 2023, estimated cost $10K, described as “Temporary standpipe work filed in conjunction with NB application B00684074-I1”
- Alteration, filed Sep 8, 2023, estimated cost $1K, described as “Herewith filing Construction Fence in conjunction with New Building #B00684074-I1 as shown on drawings submitted herewith.”
- Alteration, filed May 2, 2022, estimated cost $10K, described as “Install plywood construction fence to protect site from building demolition operations as per applications #322105333 & 322105342”
- Alteration, filed Mar 19, 2021, estimated cost $44K, described as “Removal of interior non-load bearing partitions and finishes at 1ST floor.”
Property taxes
- Assessment
- $5,297,400
- 2026–27 tax
- $656,190
- Market value (city estimate)
- $11,772,000
- Taxable value
- $5,275,260
- Assessed land
- $239,850
- Assessed improvements
- $5,057,550
Zoning
R7A: floor area ratio 6.91 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jan 6, 2016: $12,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Housing Lottery Launches for 645 Park Place in Crown Heights, Brooklyn, New York YIMBY, Jul 2, 2026.