# 263 Franklin Avenue, Brooklyn

Apartment building · 16 units · built 2019 · Block 1941, Lot 16.

On Umarelli: https://umarelli.org/nyc/3019410016/263-franklin-avenue

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

Every lot on block 1941: https://umarelli.org/nyc/brooklyn/1941.md

## 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.

## Recent sales

- Apr 24, 2018: $500,000

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

## Flood zone

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

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