Kings  »  11238  »  Franklin Ave  »  354 Franklin Ave

354 Franklin Avenue, Brooklyn, NY 11238 - Property report

Also known as: 354 Franklin Ave

Property image for 354 Franklin Avenue, Brooklyn, NY 11238
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Property type

Five to Six Families (C2)

Year built

2005

Lot sq. ft.

1,746

Sale price

$1,487,500

General information

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Address
Primary address
354 Franklin Avenue
Alternate address(es)
118 Lexington Ave
120-122 Lexington Ave
ZIP code
11238
Neighborhood
Bedford-Stuyvesant
Borough
Brooklyn
Block & lot
01970-0034

Owner

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Building
Property type
Five to Six Families (C2)
Building sq. ft.
8,580
Building dimensions
24 ft x 70 ft
Buildings on lot
1
Stories
6
Year built
2005
Building material
Sales
Sale date
07/20/2009
Sale price
$1,487,500
Tax
Tax year
2026-2027
Property tax
$4,391
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
6
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
24.5 ft x 71.25 ft
Lot sq. ft.
1,746

Area overview

Walk score
94 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
90 /100.  Biker's Paradise
School district
13
Community district
3
Closest police station
0.27 Miles
Closest fire station
0.32 Miles

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

Ownership information for 354 Franklin Avenue, Brooklyn, NY

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

Sales history for 354 Franklin Avenue, Brooklyn, NY 11238

Sale date Sale price Buyer name Seller name
07/20/2009 $1,487,500 XXX-XXX XXXXXXXXX XXX XXX XXX XXXXXXXX XXX
07/27/2005 $800,000 XXX XXXXXXXX XXX XXXX, XXXX
06/14/2004 $120,900 XXXX, XXXX XXX XXXXXXXXX XX XXXXXXX XXX XXXXX XXXXXXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/30/2023 - R UCC3 Termination
(2023102600758005)
XXXXXX XXXXXXXXX XXX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
10/30/2023 - R UCC3 Termination
(2023102600758004)
XXXXXX XXXXXXXXX XXX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
10/30/2023 - R
10/10/2023 - D
Termination of Assign of L&R
(2023102600758003)
XXXXXX XXXXXXXXX XXX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
10/30/2023 - R
10/10/2023 - D
Termination of Assign of L&R
(2023102600758002)
XXXXXX XXXXXXXXX XXX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
10/30/2023 - R
10/10/2023 - D
Satisfaction of Mortgage
(2023102600758001)
XXXXXX XXXXXXXXX XXX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXX
12/14/2018 - R Initial UCC1
(2018121400028005)
XXXXXX XXXXXXXXX XXX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
12/14/2018 - R
12/05/2018 - D
Assignment of Leases and Rents
(2018121400028004)
XXXXXX XXXXXXXXX XXX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
12/14/2018 - R
12/05/2018 - D
Agreement
(2018121400028003)
XXXXXX XXXXXXXXX XXX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
12/14/2018 - R
12/05/2018 - D
Mortgage
(2018121400028002)
XXXXXX XXXXXXXXX XXX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
12/14/2018 - R
12/05/2018 - D
Deed
(2018121400028001)
XXXXXX XXXXXXXXX XXXXXX XXX XXXXXX XXXXXXXXX XXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 354 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
$4,391
Municipal exemptions
Recent tax assessments
Market value
$2,405,000
Assessed value
$1,082,250

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 $2,004,000 $901,800 $35,304 12.439% $31,569 $4,391 -0.49%
2024/25 $1,670,400 $751,680 $35,304 12.5% $29,374 $4,413 -0.02%
2023/24 $1,392,000 $626,400 $35,304 12.502% $29,379 $4,414 +1.92%
2022/23 $1,160,000 $522,000 $35,304 12.267% $27,933 $4,331 +0.27%
2021/22 $928,000 $417,600 $35,304 12.235% $25,797 $4,319 -0.27%
2020/21 $901,000 $405,450 $35,304 12.267% $23,948 $4,331 -1.65%
2019/20 $751,200 $338,040 $35,304 12.473% $22,547 $4,403 -1.10%
2018/19 $626,000 $281,700 $35,304 12.612% $22,798 $4,453 -0.84%
2017/18 $556,000 $250,200 $35,304 12.719% $22,279 $4,490 -1.34%
2016/17 $445,000 $200,250 $35,304 12.892% $20,909 $4,551 +0.07%

Permit information for 354 Franklin Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
08/07/2020 Alteration type 2
08/18/2008 Alteration type 2
08/18/2008 Alteration type 2
08/21/2007 New building
08/21/2007 New building

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
12/13/2017 Aeuhaz1-fail to certify class 1
12/13/2017 Aeuhaz1-fail to certify class 1
02/27/2007 C-construction

*Most recent DOB violations on record for this property.

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

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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 SW Corner
Station lines
G
Distance (miles)
0.194

Access the detailed traffic volume map for 354 Franklin Avenue, Brooklyn, NY 11238 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

Frequently asked questions

What is the year built for 354 Franklin Avenue, Brooklyn, NY 11238?

The development at 354 Franklin Avenue, Brooklyn, NY 11238 was built in 2005.

What is the total square footage of 354 Franklin Avenue, Brooklyn, NY 11238?

354 Franklin Avenue, Brooklyn, NY 11238 has a total of 8,580 square feet.

When was 354 Franklin Avenue, Brooklyn, NY 11238 last sold and what was the sale price?

354 Franklin Avenue, Brooklyn, NY 11238 was last sold on 07/20/2009 for $1,487,500.

What is the assessed value of 354 Franklin Avenue, Brooklyn, NY 11238?

354 Franklin Avenue, Brooklyn, NY 11238 is currently assessed at $1,082,250.

What are the property taxes for 354 Franklin Avenue, Brooklyn, NY 11238?

The property taxes for 354 Franklin Avenue, Brooklyn, NY 11238 total $4,391.

How many residential units does this building have?

This building has 6 residential unit(s).

Disclaimer

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