New York City  »  11225  »  Franklin Ave  »  972 Franklin Ave

972 Franklin Avenue, Brooklyn, NY 11225 - Property report

Also known as: 972 Franklin Ave

Property image for 972 Franklin Avenue, Brooklyn, NY 11225
static Mapbox map

Property type

Miscellaneous Warehouse (E9)

Year built

1920

Lot sq. ft.

58,431

Sale price

$45,000,000

General information

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Address
Primary address
972 Franklin Avenue
ZIP code
11225
Neighborhood
Crown Heights
Borough
Brooklyn
Block & lot
01192-0066

Owner

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Building
Property type
Miscellaneous Warehouse (E9)
Building sq. ft.
845
Building dimensions
13 ft x 65 ft
Buildings on lot
1
Stories
1
Year built
1920
Building material
Sales
Sale date
09/16/2025
Sale price
$45,000,000 - M
Tax
Tax year
2026-2027
Property tax
$90,866
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
235.67 ft x 247.67 ft
Lot sq. ft.
58,431

Area overview

Walk score
92 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
81 /100.  Very Bikeable
School district
17
Community district
9
Closest police station
0.63 Miles
Closest fire station
0.47 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 972 Franklin Avenue, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 972 Franklin Avenue, Brooklyn, NY 11225

Sale date Sale price Buyer name Seller name
09/16/2025 $45,000,000 XXXXXXXX XXXXXXX XX XXX XXXXXXXX XXX XXXXXXXX XXXXX XXX
11/17/2017 $33,000,000 XXXXXXXX XXX XXXXXXXX XXXXX XXX XXX XXXXXXXXXX, XXX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
06/02/2026 - R
05/29/2026 - D		 Certificate
(2026052900376001)		 XXXXXXXXXX XXXXXXXX XXX
06/02/2026 - R
05/26/2026 - D		 Zoning Lot Description
(2026052900376002)		 XXXXXXXX XXXXXXX XX XXX
12/09/2025 - D
12/09/2025 - R		 Certificate
(2025120900296001)		 XXXXXXXXXX XXXXXXXX XXX
12/09/2025 - R
12/08/2025 - D		 Zoning Lot Description
(2025120900296002)		 XXXXXXXX XXXXXXX XX XXX
09/26/2025 - R Initial UCC1
(2025091900158007)		 XXXXXXXX XXXXXXX XX XXX XX XXXXX XXX
09/26/2025 - R
09/16/2025 - D		 Asgn of Asgn of L&R
(2025091900158009)		 XX XXXXX XXX XXXX XXXX
09/26/2025 - R
09/16/2025 - D		 Assignment, Mortgage
(2025091900158008)		 XX XXXXX XXX XXXX XXXX
09/26/2025 - R
09/16/2025 - D		 Assignment of Leases and Rents
(2025091900158006)		 XXXXXXXX XXXXXXX XX XXX XX XXXXX XXX
09/26/2025 - R
09/16/2025 - D		 Agreement
(2025091900158005)		 XXXXXXXX XXXXXXX XX XXX XX XXXXX XXX
09/26/2025 - R
09/16/2025 - D		 Assignment, Mortgage
(2025091900158004)		 XXXXXXXX XXXXXX XX XXX XX XXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 972 Franklin Avenue, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$90,866
Municipal exemptions
Recent tax assessments
Market value
$3,007,000
Assessed value
$1,353,150

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $1,281,000 $576,450 $576,450 10.848% $62,533 $62,533 -16.48%
2024/25 $1,789,000 $805,050 $695,700 10.762% $74,871 $74,871 +5.62%
2023/24 $1,688,000 $759,600 $669,240 10.592% $70,886 $70,886 +4.03%
2022/23 $1,542,000 $693,900 $640,080 10.646% $68,143 $68,143 +8.98%
2021/22 $1,292,000 $581,400 $581,400 10.755% $62,530 $62,530 -7.25%
2020/21 $1,419,000 $638,550 $630,450 10.694% $67,420 $67,420 +2.43%
2019/20 $1,495,000 $672,750 $624,690 10.537% $65,824 $65,824 +4.32%
2018/19 $1,364,000 $613,800 $600,140 10.514% $63,099 $63,099 +2.17%
2017/18 $1,364,000 $613,800 $587,380 10.514% $61,757 $61,757 +1.33%
2016/17 $1,363,000 $613,350 $576,400 10.574% $60,949 $60,949 +8.18%
Permits

Permit information for 972 Franklin Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
06/09/2026 New building
06/05/2026 New building
05/27/2026 Alteration type 3
02/19/2026 Full demolition
01/08/2026 New building

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Flatbush Ave & Empire Blvd at SW Corner
Station lines
B-Q-FS
Distance (miles)
0.19
View subway map

Access the detailed traffic volume map for 972 Franklin Avenue, Brooklyn, NY 11225 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 972 Franklin Avenue, Brooklyn, NY

1035 Washington Ave, Brooklyn 104 Montgomery St, Brooklyn 135 Montgomery St, Brooklyn 1015 Washington Ave, Brooklyn 141 Montgomery St, Brooklyn 43 Empire Blvd, Brooklyn 1 Sullivan Pl, Brooklyn 1055 Washington Ave, Brooklyn 507 Flatbush Ave, Brooklyn 495 Flatbush Ave, Brooklyn 975 Washington Ave, Brooklyn 469 Flatbush Ave, Brooklyn 145 Montgomery St, Brooklyn 503 Flatbush Ave, Brooklyn 475 Flatbush Ave, Brooklyn 941 Washington Ave, Brooklyn

Nearby ZIP codes for 972 Franklin Avenue, Brooklyn, NY

11201, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11210, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11215, New York City, NY 11216, New York City, NY 11217, New York City, NY 11218, New York City, NY 11219, New York City, NY 11221, New York City, NY 11226, New York City, NY 11230, New York City, NY 11231, New York City, NY 11233, New York City, NY 11237, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 972 Franklin Avenue, Brooklyn, NY 11225?

The development at 972 Franklin Avenue, Brooklyn, NY 11225 was built in 1920.

What is the market value of 972 Franklin Avenue, Brooklyn, NY 11225?

The current market value of 972 Franklin Avenue, Brooklyn, NY 11225 is $3,007,000.

What is the total square footage of 972 Franklin Avenue, Brooklyn, NY 11225?

972 Franklin Avenue, Brooklyn, NY 11225 has a total of 845 square feet.

What is the price per square foot for this property?

$53,254 per square foot is the price for 972 Franklin Avenue, Brooklyn, NY 11225.

Disclaimer

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