311 Franklin Avenue, Brooklyn
Apartment building · 16 units · built 2019 · Block 1950, Lot 5.
Building permits
- Alteration, filed Apr 13, 2022, estimated cost $5K, described as “Installation of pipe scaffolding and needle beam as per plans. All equipment shall comply with chapter # 33 of the 2014 code. No change in use occupancy or egress under this application.”
- Alteration, filed Jan 26, 2022, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jan 12, 2022, estimated cost $1K, described as “Herewith filing for hydraulically calculated sprinkler system through-out building. Filed in conjunction with new building, bis #321538804.”
Property taxes
- Assessment
- $1,636,650
- 2026–27 tax
- $15,685
- Market value (city estimate)
- $3,637,000
- Taxable value
- $126,099
- Assessed land
- $86,850
- Assessed improvements
- $1,549,800
Tax breaks
- 421-a exemption, through Jun 30, 2058, about $187,897 a year below the full tax.
Zoning
R6A: floor area ratio 6.49 built, above the 3.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jan 18, 2017: $750,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Housing Lottery Launches for 311 Franklin Avenue in Bed-Stuy, Brooklyn, New York YIMBY, May 10, 2023.