123 Franklin Avenue, Brooklyn
Apartment building · 5 units · built 2018 · Block 1899, Lot 9.
Building permits
- Alteration, filed Oct 3, 2018, estimated cost $1K, described as “Curb cut restoration in conjunction with NB”
- Alteration, filed Feb 12, 2018, described as “Installation of temporary sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
Property taxes
- Assessment
- $1,185,300
- 2026–27 tax
- $38,638
- Market value (city estimate)
- $2,634,000
- Taxable value
- $310,620
- Assessed land
- $103,950
- Assessed improvements
- $1,081,350
Tax breaks
- 421-a exemption, through Jun 30, 2035, about $68,824 a year below the full tax.
Zoning
M1-1 (part of the lot is M1-2/R6A): floor area ratio 1.94 built, above the 1.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- Change to an earlier grant (Board of Standards and Appeals 65-13-BZII): Change to an earlier grant, Granted, filed Oct 27, 2017, decided May 22, 2018. Amendment of a previously approved Variance (§72-21) which permitted the construction of a three-story multiple dwelling (Use Group 2), contrary to ZR §42-00. The amendment seeks to permit an on-site parking space at the cellar level…
- Variance or special permit (Board of Standards and Appeals 65-13-BZ): Variance or special permit, Granted, filed Feb 12, 2013, decided Mar 24, 2015. Variance (§72-21) to permit a residential development, contrary to use regulations (§42-00). M1-1 zoning district.