263 Franklin Avenue, Brooklyn
Apartment building · 16 units · built 2019 · Block 1941, Lot 16.
Building permits
- Alteration, filed Mar 24, 2020, estimated cost $4K, described as “Adding toilet room to commercial space in conjunction with NB filed under application number 321178319.”
- Alteration, filed Aug 29, 2019, estimated cost $1K, described as “Installation of support scaffold in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed Jun 5, 2019, estimated cost $1K, described as “Installation of sidewalk shed in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed May 20, 2019, estimated cost $1K, described as “Installation of construction fence in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
Property taxes
- Assessment
- $1,538,550
- 2026–27 tax
- $10,736
- Market value (city estimate)
- $3,419,000
- Taxable value
- $86,310
- Assessed land
- $170,550
- Assessed improvements
- $1,368,000
Tax breaks
- 421-a exemption, through Jun 30, 2055, about $180,644 a year below the full tax.
Zoning
R7A: floor area ratio 4.51 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
- Apr 24, 2018: $500,000
Open-market sales since 2016, from the Department of Finance’s sales files.