# 321 Franklin Avenue, Brooklyn

Condominium · 10 units · built 2022 · Block 1950, Lot 7502.

On Umarelli: https://umarelli.org/nyc/3019507502/321-franklin-avenue

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

## Building permits

- New Building — Multi-Family, filed Jun 11, 2021, estimated cost $5.1M, 10 units, 6 stories, described as “Proposed new six (6) story mixed use building with cellar as per plans filed. Obtain certificate of occupancy.”

## Property taxes

- Assessment: $2,449,801
- 2026–27 tax: $38,611
- Market value (city estimate): $5,444,000
- Taxable value: $967,409
- Assessed land: $47,251
- Assessed improvements: $2,402,550
- Condo units with their own tax lots: 2

## Tax breaks

- 421-a exemption, through Jun 30, 2060, about $178,664 a year below the full tax.

## Zoning

R6A: floor area ratio 4.78 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.

## In the news

[Permits Filed for 321 Franklin Avenue in Bed-Stuy, Brooklyn](https://newyorkyimby.com/2024/04/permits-filed-for-321-franklin-avenue-in-bed-stuy-brooklyn.html), New York YIMBY, Apr 24, 2024.

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