# 711 Franklin Avenue, Brooklyn

Apartment building · 60 units · built 2023 · Block 1231, Lot 1.

On Umarelli: https://umarelli.org/nyc/3012310001/705-franklin-avenue

More construction in Crown Heights: https://umarelli.org/nyc/brooklyn/crown-heights.md

## 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.

## Recent sales

- Jan 6, 2016: $12,000,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Housing Lottery Launches for 645 Park Place in Crown Heights, Brooklyn](https://newyorkyimby.com/2026/07/housing-lottery-launches-for-645-park-place-in-crown-heights-brooklyn.html), New York YIMBY, Jul 2, 2026.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology