711 Franklin Avenue, Brooklyn, NY 11216 Property Information
Also known as: 705 Franklin Ave, Brooklyn, NY 11216
711 Franklin Avenue, Brooklyn, NY 11216 Property Information
Also known as: 705 Franklin Ave, Brooklyn, NY 11216
- General
- Owner
- Documents
- Tax
- Permits
- Neighborhood
Address
| Primary address | 711 Franklin Avenue |
| Secondary address | 705-711 Franklin Ave |
| Neighborhood | Crown Heights |
| Zip code | 11216 |
| Borough | Brooklyn |
| Block & lot | 01231-0001 |
Sales & Tax Overview for 711 Franklin Avenue, Brooklyn
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 01/06/2016 |
| Purchase price | $12,000,000 |
| Tax class | Register |
| Estimated property tax | $656,189 |
Lot & Building Information for 711 Franklin Avenue, Brooklyn
Area Overview
| School district | 17 |
| Community district | 8 |
| Closest police station | 0.77 Miles |
| Closest fire station | 0.26 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 711 Franklin Avenue, Brooklyn
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Alternate Addresses
You will find all alternate addresses for the property in this section.
- 705-711 Franklin Ave, Brooklyn, NY 11216
About 711 Franklin Avenue, Brooklyn
This Elevator Apartment - Semi-Fireproof with Stores (D7) located at 711 Franklin Avenue, Brooklyn, NY 11216 has a total of 70,801 square feet and a current price per square foot of $169.
What is the year built & the current market value of 711 Franklin Avenue, Brooklyn, NY 11216?711 Franklin Avenue, Brooklyn, NY 11216 was built in 2023 and has a current tax assessor's market value of $533,000.
How many commercial spaces does this building have?This building has 1 commercial spaces available for lease. There are 1 active listings at this address.
Ownership Information for 711 Franklin Avenue, Brooklyn
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Spaces for Lease in 711 Franklin Avenue, Brooklyn
| Listing type | For Lease |
|---|---|
| Listing date | 10/06/2025 |
| Last updated | 05/21/2026 |
Exceptional corner restaurant space available in a brand-new, 8-story mixed-use development in Crown Heights, Brooklyn. The 1,773 SF ground-floor space sits at the prominent intersection of Franklin Avenue and Park Place, offering strong visibility, heavy foot traffic, and a built-in customer base from the 60 residential units above. Delivered in warm-lit shell condition with HVAC and all utilities stubbed, the space is equipped with venting infrastructure, providing a turnkey foundation for food and beverage operators. Expansive corner frontage ensures maximum branding and natural light, while the modern construction allows for efficient, customizable buildouts. Located along Franklin Avenue, one of Brooklyn’s most dynamic dining and nightlife corridors, the property is surrounded by popular restaurants, coffee shops, and boutique retailers. Just steps from Prospect Park, the Brooklyn Museum, and Brooklyn Botanic Garden, the area attracts both neighborhood residents and visitors citywide. Excellent subway access (2, 3, 4, 5, A, and C lines) further boosts connectivity and traffic. This is a rare opportunity to open a restaurant in a newly built property with a captive audience above, prime corner exposure, and essential infrastructure already in place.Prime corner retail opportunity available in the heart of Crown Heights, Brooklyn. This newly built 1,773 SF space offers unmatched visibility on the bustling intersection of Franklin Avenue and Park Place, surrounded by a vibrant mix of residential, dining, shopping, and cultural destinations. With expansive frontage and strong foot traffic, the location is ideal for a variety of retail, service, or food and beverage uses. Delivered in warm-lit shell condition, the space features HVAC and all utilities stubbed, allowing tenants the flexibility to design and build to suit their needs. The corner exposure ensures maximum natural light and brand presence, while the property’s modern construction provides efficiency and reliability. Franklin Avenue has become one of Brooklyn’s most dynamic corridors, lined with popular restaurants, coffee shops, and boutique retailers that attract locals and visitors alike. The property is steps from Prospect Park, the Brooklyn Museum, Brooklyn Botanic Garden, and the Brooklyn Children’s Museum, and is surrounded by a thriving community of residents, students, and professionals. Convenient subway access (2, 3, 4, 5, A, and C lines) ensures easy connectivity to the rest of the borough and Manhattan. This is a rare chance to establish your business in one of Brooklyn’s fastest-growing neighborhoods, with high visibility, modern infrastructure, and a built-in customer base.
Brokers
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| 709 Franklin Ave | Freestanding | Listing price not available | 1,773 | Bill Miller |
Past Sales & Property History for 711 Franklin Avenue, Brooklyn
Create a free account to view the complete sales history for 711 Franklin Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 01/06/2016 | $12,000,000 | Register | Register |
Title Documents for 711 Franklin Avenue, Brooklyn
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R: Recorded date
D: Document date
Property Taxes for 711 Franklin Avenue, Brooklyn
Access detailed property tax data for 711 Franklin Avenue, Brooklyn, NY 11216. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $25,704 |
| Estimated property tax: | $656,189 |
| Tax assessor's market value: | $533,000 |
| Assessed value: | $239,850 |
Assessment History for 711 Franklin Avenue, Brooklyn
Here's the assessment & property tax history for 711 Franklin Avenue, Brooklyn, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $533,000 | $239,850 | $206,640 | 12.439% | $25,704 | $25,704 | +22.13% |
| 2024/25 | $533,000 | $239,850 | $195,570 | 10.762% | $21,047 | $21,047 | +7.70% |
| 2023/24 | $410,000 | $184,500 | $184,500 | 10.592% | $19,542 | $19,542 | -58.79% |
| 2022/23 | $1,071,000 | $481,950 | $445,410 | 10.646% | $47,418 | $47,418 | +24.34% |
| 2021/22 | $788,000 | $354,600 | $354,600 | 10.755% | $38,137 | $38,137 | -22.83% |
Permits for 711 Franklin Avenue, Brooklyn
The complete history of permits filed for 711 Franklin Avenue, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
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Brooklyn Commercial Market Stats
Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.
Check out recently sold homes in Brooklyn and see how their prices compare.
Risk
| FEMA flood zone(s): | X (See more on map) |
Transportation
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Distance to Subway
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| Closest station | Franklin Ave & Park Pl at NW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | FS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.085 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Franklin Av/Prospect Pl | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.032 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Neighbors for 711 Franklin Avenue, Brooklyn
Here are the neighbors for 711 Franklin Avenue, Brooklyn, NY 11216.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 703 Franklin Ave, Brooklyn | 5,880 | 12/11/2017 | |
| 638 Prospect Pl, Brooklyn | 2,268 | 03/23/2005 | $759,000 |
| 693 Franklin Ave, Brooklyn | 7,020 | 11/20/2015 | $8,220,000 |
| 636 Prospect Pl, Brooklyn | 2,568 | 08/17/2004 | |
| 695 Franklin Ave, Brooklyn | 7,020 | 11/20/2015 | $8,220,000 |
| 1087 Prospect Pl, Brooklyn | 3,600 | 06/16/2015 | $1,310,000 |
| 1069 Prospect Pl, Brooklyn | 3,280 | 03/16/1982 | |
| 1073 Prospect Pl, Brooklyn | 3,280 | 06/25/2010 | $505,319 |
| 177 Kingston Ave, Brooklyn | 9,372 | ||
| 701 Franklin Ave, Brooklyn | 5,880 | 12/05/2024 | $3,050,000 |
| 697 Franklin Ave, Brooklyn | 7,020 | 11/20/2015 | $8,220,000 |
| 1065 Prospect Pl, Brooklyn | 3,304 | 02/16/2005 | $450,000 |
| 1063 Prospect Pl, Brooklyn | 3,004 | 01/02/2026 | $10 |
| 1071 Prospect Pl, Brooklyn | 3,280 | 11/17/2022 | |
| 1075 Prospect Pl, Brooklyn | 3,280 | 11/22/2024 | $1,800,000 |
| 691 Franklin Ave, Brooklyn | 7,284 | 11/17/2017 | $951,100 |
| 620 Prospect Pl, Brooklyn | 22,864 | 07/07/1986 | |
| 1061 Prospect Pl, Brooklyn | 3,004 | 07/16/2003 | |
| 1067 Prospect Pl, Brooklyn | 3,232 | 01/14/1984 |