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245 Franklin Avenue, Brooklyn, NY 11205 Property Information

245 Franklin Avenue, Brooklyn, NY 11205 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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245 Franklin Avenue, Brooklyn, NY 11205 1
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Address

Primary address 245 Franklin Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11205
Borough Brooklyn
Block & lot 01927-0006

Sales & Tax Overview for 245 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 07/11/2023
Purchase price $7,600,000
Tax class
Estimated property tax $122,873

Lot & Building Information for 245 Franklin Avenue, Brooklyn

Lot sqft 3,360
Lot dimensions 28 ft x 120 ft
Building class Elevator Apartment - Fireproof with Stores (D6)
Building sqft 13,791
Building dimensions 28 ft x 70 ft
Buildings on lot 1
Stories 6
Year built 2020
Year last altered 2025
Construction type
Status
Status date
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Zoning & Use for 245 Franklin Avenue, Brooklyn

Zoning
Residential units (DOF) 16
Commercial units 1
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 3
Closest police station 0.18 Miles
Closest fire station 0.50 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 245 Franklin Avenue, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 245 Franklin Avenue, Brooklyn, NY 11205, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 245 Franklin Avenue, Brooklyn, NY 11205, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 245 Franklin Avenue, Brooklyn

How many sq. ft. does 245 Franklin Avenue, Brooklyn, NY 11205 have & what is the price per sq. ft?

This Elevator Apartment - Fireproof with Stores (D6) located at 245 Franklin Avenue, Brooklyn, NY 11205 has a total of 13,791 square feet and a current price per square foot of $551.

What is the year built & the current market value of 245 Franklin Avenue, Brooklyn, NY 11205?

245 Franklin Avenue, Brooklyn, NY 11205 was built in 2020 and has a current tax assessor's market value of $2,085,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 245 Franklin Avenue, Brooklyn

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Property owner name for 245 Franklin Avenue, Brooklyn, NY 11205
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Building contacts for 245 Franklin Avenue, Brooklyn, NY 11205
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
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Past Sales & Property History for 245 Franklin Avenue, Brooklyn

Create a free account to view the complete sales history for 245 Franklin Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
07/11/2023 $7,600,000

Title Documents for 245 Franklin Avenue, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
01/16/2025 - R UCC3 Termination
(2025011300984012)
01/16/2025 - R UCC3 Termination
(2025011300984011)
01/16/2025 - R Initial UCC1
(2025011300984008)
12/27/2024 - D
01/24/2025 - R
Agreement
(2025012200880001)
12/27/2024 - D
01/16/2025 - R
Assignment of Leases and Rents
(2025011300984007)
12/27/2024 - D
01/16/2025 - R
Assignment of Leases and Rents
(2025011300984006)
12/27/2024 - D
01/16/2025 - R
Agreement
(2025011300984005)
12/27/2024 - D
01/16/2025 - R
Mortgage
(2025011300984004)
12/27/2024 - D
01/16/2025 - R
Agreement
(2025011300984003)
12/20/2024 - D
01/31/2025 - R
Assignment, Mortgage
(2025012700443001)
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R: Recorded date
D: Document date

Property Taxes for 245 Franklin Avenue, Brooklyn

Access detailed property tax data for 245 Franklin Avenue, Brooklyn, NY 11205. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $115,151
Estimated property tax: $122,873
Tax assessor's market value: $2,085,000
Assessed value: $938,250

Assessment History for 245 Franklin Avenue, Brooklyn

Here's the assessment & property tax history for 245 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 $2,085,000 $938,250 $925,722 12.439% $115,151 $115,151 +0.87%
2024/25 $2,085,000 $938,250 $913,248 12.5% $114,156 $114,156 +10.99%
2023/24 $1,920,000 $864,000 $822,654 12.502% $102,848 $102,848 +92.71%
2022/23 $1,080,000 $486,000 $435,060 12.267% $53,369 $53,369 +9.88%
2021/22 $942,000 $423,900 $396,990 12.235% $48,572 $48,572 +375.65%

Permits for 245 Franklin Avenue, Brooklyn

The complete history of permits filed for 245 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.

Filing date Job type Job status Job description Initial cost
06/12/2025 Alteration
02/03/2025 Alteration
12/30/2024 Alteration
06/28/2024 Alteration
01/08/2024 Alteration type 3
06/11/2021 Alteration
06/02/2021 Alteration
05/26/2021 Alteration
02/22/2021 Alteration
10/21/2020 Alteration
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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.

Median Price/Sqft Q1/2026
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Bedford Ave & Lafayette Ave at NW Corner
Station lines G
Distance (miles) 0.14
View subway map
Bus Routes
Name DE Kalb Av/Franklin Av
Line B38
Distance (miles) 0.023

Neighbors for 245 Franklin Avenue, Brooklyn

Here are the neighbors for 245 Franklin Avenue, Brooklyn, NY 11205.

Address Square feet Purchase date Purchase price
241 Franklin Ave, Brooklyn 5,420 02/09/2024
465 Dekalb Ave, Brooklyn 3,024 12/05/2008 $675,000
243 Franklin Ave, Brooklyn 3,096 04/16/2026 $2,075,000
235 Franklin Ave, Brooklyn 10,934 09/21/2011 $825,000
495 Dekalb Ave, Brooklyn 4,975 06/20/2005 $600,000
503 Dekalb Ave, Brooklyn 3,135 11/17/2022 $1,800,000
221 Franklin Ave, Brooklyn 6,645 06/12/2020
217 Franklin Ave, Brooklyn 3,119 09/11/2013
473 Dekalb Ave, Brooklyn 1,560 08/15/2016
231 Franklin Ave, Brooklyn 4,988 06/15/2015 $1,085,000
223 Franklin Ave, Brooklyn 2,578
219 Franklin Ave, Brooklyn 2,392 12/26/1986
499 Dekalb Ave, Brooklyn 3,135 11/17/2022 $1,900,000
471 Dekalb Ave, Brooklyn 3,105 03/22/2007
497 Dekalb Ave, Brooklyn 3,300 11/01/2002
467 Dekalb Ave, Brooklyn 1,895 01/03/2007 $375,000
469 Dekalb Ave, Brooklyn 2,127 03/22/2007
227 Franklin Ave, Brooklyn 1,761 04/27/2022 $1,900,000
225 Franklin Ave, Brooklyn 2,904 08/21/2020
501 Dekalb Ave, Brooklyn 3,135 11/17/2022 $1,800,000
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