# 50 Franklin Street, Brooklyn

Industrial · built c. 1931 · Block 2592, Lot 16.

On Umarelli: https://umarelli.org/nyc/3025920016/50-franklin-street

More construction in Greenpoint: https://umarelli.org/nyc/brooklyn/greenpoint.md

## Building permits

- Alteration, filed Dec 15, 2023, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of 2022 the NYC building code. Live load 300PSF.”
- Alteration, filed Oct 13, 2023, estimated cost $2K, described as “One (1) 17 feet on the west side of banker street, distance 125.84 feet fromthe sw corner formed by banker street & calyer street.”
- Alteration, filed Sep 16, 2022, estimated cost $6K, described as “New one boiler installation at roof . No change in use , occupancy or means of egress in this application”
- Alteration, filed Apr 23, 2020, estimated cost $317K, described as “Installation of fire sprinkler system through out entire building as per plan. No change in building use, occupancy and/or egress.”
- Alteration, filed Aug 14, 2019, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy.sidewalk shed shall comply with chapter #33 of the NYC building code.live load 300PSF.”
- Alteration, filed Apr 25, 2019, estimated cost $1K, described as “Install temporary 8-feet high construction fence in conjunction with ALT1 job# 321183321”

## 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](https://newyorkyimby.com/2023/02/facade-work-progresses-on-42-52-franklin-street-in-greenpoint-brooklyn.html), New York YIMBY, Feb 26, 2023.

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