12 Franklin Street, Brooklyn
Commercial · built c. 1931 · Block 2614, Lot 3.
Building permits
- No Work, filed Sep 11, 2026, described as “TPA for Oktoberfest Event from 9/25/26 through 10/4/26 with 790 Persons and 7 FGS to be present (3FG will be at the 1st floor; 2 FGs will be at 2nd and Roof Terrace. Times of Event will vary by day: Thurs/Fri: 3pm - 12am and Sat: 10am -…”
- Alteration, filed Jul 14, 2026, estimated cost $37K, described as “Modifications to the existing gas plumbing system. No change in use, egress or occupancy.”
- No Work, filed May 21, 2026, described as “Event taking place on June 6th, 2026 through July 19, 2026 from 11am to 12am with 790 Max Total Occupancy (1st & 2nd flr for 640 occ and Roof 250 occ). 7 FGs to be present (the 2nd floor is not open to public, only open to Staff)”
- Alteration, filed Mar 18, 2026, 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 Feb 10, 2026, estimated cost $6K, described as “Hand-painted advertising wall sign painted on side of existing building”
- No Work, filed Oct 1, 2025, described as “TPA for Art Gallery Event: for dates October 18, 2025 through November 22,2025, specifically Wednesday through Sunday from 12pm to 9pm. Max Occupancy will be 253 persons and 2 FGs to be provided.”
- No Work, filed Aug 25, 2025, described as “TPA: Restaurant & Beer Hall (1st,2nd, & Roof): Dates 9/26/25 to 10/5/2025; Times: Thursday & Friday 3pm - 12 am; Saturday 10am - 12am; Sunday 10am-10pm. Total occupancy 740 persons (1st/2nd flr: 640persons & Rof:100 persons). 2FGs at each…”
- Alteration, filed Jan 2, 2024, estimated cost $300K, described as “Application filed to renovate, convert occupancy, and combine 12 Franklin St, 8 Meserole Ave, and 7 North 15th St into a single building.”
- Alteration, filed Dec 21, 2023, estimated cost $39K, described as “Non-Structural Interior Demolition as shown on plans filed herewith. No change in use, egress of occupancy.”
- Alteration, filed Dec 21, 2023, estimated cost $22K, described as “Interior demolition as shown on plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Nov 2, 2023, estimated cost $65K, described as “Interior Demolition as shown on plans filed herewith. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $2,075,850
- 2026–27 tax
- $210,338
- Market value (city estimate)
- $4,613,000
- Taxable value
- $1,938,953
- Assessed land
- $499,500
- Assessed improvements
- $1,576,350
Zoning
M1-2: floor area ratio 1.09 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).
Recent sales
- Oct 26, 2023: $23,000,000
- Jun 16, 2016: $11,277,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 12 Franklin Street Special Permit Renewal (City Planning 2023K0158): Completed, filed Feb 1, 2023, decided Aug 25, 2023. This is a Special Permit Renewal by 12 Franklin Property Co LLC, 12 Franklin 230 LLC and 12 Franklin 197 LLC requesting a Zoning Special Permit renewal pursuant to Section 74-96 to facilitate a new seven-story, approximately 134,222 square…
- 12 Franklin Street SP (City Planning P2017K0282): Completed, decided Feb 7, 2020. This is a private application by 12 Franklin Property Co LLC, 12 Franklin 230 LLC and 12 Franklin 197 LLC requesting a Zoning Text Amendment and Zoning Special Permits pursuant to Section 74-96 to facilitate a new seven-story,…
In the news
New Renderings Reveal Franklin Point At 12 Franklin Street in Greenpoint, Brooklyn, New York YIMBY, Nov 16, 2025.