40 Franklin Street, Brooklyn
Industrial · built c. 1931 · Block 2592, Lot 16.
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Building permits
Permit records are unavailable right now; the map lists them once the city responds.
Property taxes
- Assessment
- $1,246,050
- 2026–27 tax
- $41,998
- Market value (city estimate)
- $2,769,000
- Taxable value
- $1,124,460
- Assessed land
- $183,150
- Assessed improvements
- $1,062,900
Tax breaks
- ICAP abatement, through Jun 30, 2049, a $79,983 credit this tax year.
Zoning
M1-1: floor area ratio 2.51 built, above the 1.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.
In the news
Façade Work Progresses on 42-52 Franklin Street in Greenpoint, Brooklyn, New York YIMBY, Feb 26, 2023.