Kings  »  11205  »  Franklin Ave  »  245 Franklin Ave

245 Franklin Avenue, Brooklyn, NY 11205 - Property report

Also known as: 245 Franklin Ave

Property image for 245 Franklin Avenue, Brooklyn, NY 11205
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Property type

Elevator Apartment - Fireproof with Stores (D6)

Year built

2020

Lot sq. ft.

3,360

Sale price

$7,600,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

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

Owner

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Building
Property type
Elevator Apartment - Fireproof with Stores (D6)
Building sq. ft.
13,791
Building dimensions
28 ft x 70 ft
Buildings on lot
1
Stories
6
Year built
2020
Last altered
2025
Building material
Sales
Sale date
07/11/2023
Sale price
$7,600,000
Tax
Tax year
2026-2027
Property tax
$122,874
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Residential units
16
Residential sq. ft.
Commercial units
1
Lot
Lot dimensions
28 ft x 120 ft
Lot sq. ft.
3,360

Area overview

Walk score
96 /100.  Walker's Paradise
Transit score
93 /100.  Rider's Paradise
Bike score
95 /100.  Biker's Paradise
School district
13
Community district
3
Closest police station
0.18 Miles
Closest fire station
0.50 Miles

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

Ownership

Ownership information for 245 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 245 Franklin Avenue, Brooklyn, NY 11205

Sale date Sale price Buyer name Seller name
07/11/2023 $7,600,000 XXX XXXXXXXX XXX XXX XXXXXXXX XXXX, XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/16/2025 - R UCC3 Termination
(2025011300984012)		 XXX XXXXXXXX XXX XXXXXXX XXXXXXX XXX
01/16/2025 - R UCC3 Termination
(2025011300984011)		 XXX XXXXXXXX XXX XXXXXXX XXXXXXX XXX
01/16/2025 - R Initial UCC1
(2025011300984008)		 XXX XXXXXXXX XXX XXXXX XX XXXXXX XXX
01/24/2025 - R
12/27/2024 - D		 Agreement
(2025012200880001)		 XXX XXXXXXXX XXX XXXXX XX XXXXXX XXX
01/16/2025 - R
12/27/2024 - D		 Assignment of Leases and Rents
(2025011300984007)		 XXX XXXXXXXX XXX XXXXX XX XXXXXX
01/16/2025 - R
12/27/2024 - D		 Assignment of Leases and Rents
(2025011300984006)		 XXX XXXXXXXX XXX XXXXX XX XXXXXX
01/16/2025 - R
12/27/2024 - D		 Agreement
(2025011300984005)		 XXX XXXXXXXX XXX XXXXX XX XXXXXX
01/16/2025 - R
12/27/2024 - D		 Mortgage
(2025011300984004)		 XXX XXXXXXXX XXX XXXXX XX XXXXXX
01/16/2025 - R
12/27/2024 - D		 Agreement
(2025011300984003)		 XXX XXXXXXXX XXX XXXXX XX XXXXXX
01/31/2025 - R
12/20/2024 - D		 Assignment, Mortgage
(2025012700443001)		 XXXXXXX XXXXXXX XXX XXXXX XX XXXXXX XXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 245 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
$122,874
Municipal exemptions
Recent tax assessments
Market value
$2,195,250
Assessed value
$987,863

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 $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%
2020/21 $329,000 $148,050 $95,490 10.694% $10,212 $10,212 +38.76%
2019/20 $286,000 $128,700 $69,840 10.537% $7,359 $7,359 +45.64%
2018/19 $358,000 $161,100 $48,060 10.514% $5,053 $5,053 -76.65%
2017/18 $1,101,000 $495,450 $205,800 10.514% $21,638 $21,638 +11.50%
2016/17 $1,051,000 $472,950 $183,530 10.574% $19,406 $19,406 +86.50%
Permits

Permit information for 245 Franklin Avenue, Brooklyn, NY

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

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
11/13/2024 Aeuhaz1-fail to certify class 1 none
09/23/2024 Lblvio-low pressure boiler boiler required
06/30/2023 Lblvio-low pressure boiler boiler required

*Most recent DOB violations on record 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
Bedford Ave & Lafayette Ave at NW Corner
Station lines
G
Distance (miles)
0.14
View subway map

Access the detailed traffic volume map for 245 Franklin Avenue, Brooklyn, NY 11205 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 245 Franklin Avenue, Brooklyn, NY

241 Franklin Ave, Brooklyn 465 Dekalb Ave, Brooklyn 243 Franklin Ave, Brooklyn 235 Franklin Ave, Brooklyn 495 Dekalb Ave, Brooklyn 503 Dekalb Ave, Brooklyn 221 Franklin Ave, Brooklyn 217 Franklin Ave, Brooklyn 473 Dekalb Ave, Brooklyn 231 Franklin Ave, Brooklyn 223 Franklin Ave, Brooklyn 219 Franklin Ave, Brooklyn 499 Dekalb Ave, Brooklyn 471 Dekalb Ave, Brooklyn 497 Dekalb Ave, Brooklyn 467 Dekalb Ave, Brooklyn 469 Dekalb Ave, Brooklyn 227 Franklin Ave, Brooklyn 225 Franklin Ave, Brooklyn 501 Dekalb Ave, Brooklyn

Nearby ZIP codes for 245 Franklin Avenue, Brooklyn, NY

10002, New York City, NY 10003, New York City, NY 10005, New York City, NY 10007, New York City, NY 10009, New York City, NY 10012, New York City, NY 10038, New York City, NY 10278, New York City, NY 11201, New York City, NY 11206, New York City, NY 11211, New York City, NY 11213, New York City, NY 11215, New York City, NY 11216, New York City, NY 11217, New York City, NY 11221, New York City, NY 11222, New York City, NY 11225, New York City, NY 11231, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 245 Franklin Avenue, Brooklyn, NY 11205?

The development at 245 Franklin Avenue, Brooklyn, NY 11205 was built in 2020.

What is the market value of 245 Franklin Avenue, Brooklyn, NY 11205?

The current market value of 245 Franklin Avenue, Brooklyn, NY 11205 is $2,195,250.

What is the total square footage of 245 Franklin Avenue, Brooklyn, NY 11205?

245 Franklin Avenue, Brooklyn, NY 11205 has a total of 13,791 square feet.

What is the price per square foot for this property?

$551 per square foot is the price for 245 Franklin Avenue, Brooklyn, NY 11205.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

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