# 240 Franklin Avenue, Brooklyn

Condominium · 8 units · built 2004 · Block 1926, Lot 7501.

On Umarelli: https://umarelli.org/nyc/3019267501/240-franklin-avenue

More construction in Bedford-Stuyvesant: https://umarelli.org/nyc/brooklyn/bedford-stuyvesant.md

Every lot on block 1926: https://umarelli.org/nyc/brooklyn/1926.md

## Building permits

- Alteration, filed Jul 31, 2024, estimated cost $20K, described as “Application file for replacing existing balcony slab & railing as per plans. There will be no change in the use, egress, or occupancy under this application.”
- Alteration, filed Jul 31, 2024, estimated cost $20K, described as “Application file for replacing existing balcony slab & railing as per plans. There will be no change in the use, egress, or occupancy under this application.”
- Alteration, filed Jul 26, 2024, estimated cost $5K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Jul 26, 2024, estimated cost $5K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Jun 4, 2021, described as “Installation of heavy duty sidewalk shed. No change in use, occupancy or egress. Work shall comply with chapter 33 of nycc.”

## Property taxes

- Assessment: $1,587,149
- 2026–27 tax: $5,065
- Market value (city estimate): $3,527,000
- Taxable value: $40,715
- Assessed land: $54,900
- Assessed improvements: $1,532,249
- Condo units with their own tax lots: 8

## Tax breaks

- 421-a exemption, through Jun 30, 2030, about $18,326 a year below the full tax.

## Zoning

R6A (part of the lot is R7A): floor area ratio 4.88 built, above the 3.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- May 10, 2024: $1,225,000, Apt 4B
- Nov 16, 2022: $1,185,000, Apt 2B
- Jun 4, 2021: $1,600,000, Apt 1A
- Sep 14, 2016: $1,249,000, Apt 4A

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

## Flood zone

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

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