Kings  »  11238  »  Franklin Ave  »  387 Franklin Ave

387 Franklin Avenue, Brooklyn, NY 11238 - Property report

Also known as: 387 Franklin Ave

Property image for 387 Franklin Avenue, Brooklyn, NY 11238
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Property type

Elevator Apartment - Semi-fireproof without Stores (D1)

Year built

2009

Lot sq. ft.

4,400

Sale price

$1,200,000 - M

General information

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Address
Primary address
387 Franklin Avenue
ZIP code
11238
Neighborhood
Bedford-Stuyvesant
Borough
Brooklyn
Block & lot
01974-0002

Owner

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Building
Property type
Elevator Apartment - Semi-fireproof without Stores (D1)
Building sq. ft.
15,117
Building dimensions
40 ft x 50 ft
Buildings on lot
1
Stories
7
Year built
2009
Building material
Sales
Sale date
05/22/2008
Sale price
$1,200,000 - M
Tax
Tax year
2026-2027
Property tax
$151,966
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
17
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
40 ft x 110 ft
Lot sq. ft.
4,400

Area overview

Walk score
93 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
86 /100.  Very Bikeable
School district
13
Community district
3
Closest police station
0.34 Miles
Closest fire station
0.26 Miles

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

Ownership

Ownership information for 387 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 387 Franklin Avenue, Brooklyn, NY 11238

Sale date Sale price Buyer name Seller name
05/22/2008 $1,200,000 XXXXX XXXXX, XXX XXXXXXX XXXX XXXXXXX XXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/19/2022 - R Initial UCC1
(2022071401233005)		 XXXXX XXXXX XXXXXX XXX XXXXXXXX XXXX
07/01/2022 - R UCC3 Termination
(2022062901037001)		 XXXXX XXXXX XXXXXX XXX XXXXXX XXX
07/19/2022 - R
06/28/2022 - D		 Assignment of Leases and Rents
(2022071401233004)		 XXXXX XXXXX XXXXXX XXX XXXXXXXX XXXX
07/19/2022 - R
06/28/2022 - D		 Agreement
(2022071401233003)		 XXXXX XXXXX XXXXXX XXX XXXXXXXX XXXX
07/19/2022 - R
06/28/2022 - D		 Mortgage
(2022071401233002)		 XXXXX XXXXX XXXXXX XXX XXXXXXXX XXXX
07/19/2022 - R
06/21/2022 - D		 Assignment, Mortgage
(2022071401233001)		 XXXXXX XXX XXXXXXXX XXXX
01/21/2022 - R UCC3 Continuation
(2022011801141001)		 XXXXX XXXXX XXXXXX XXX XXXXXX XXX
07/20/2012 - R UCC3 Termination
(2012070901290002)		 XXXXX XXXXX XXXXXX XXX XXXXXXXXXXX XXXX
07/16/2012 - R Initial UCC1
(2012070601213005)		 XXXXX XXXXX XXXXXX XXX XXXXXX XXX
07/20/2012 - R
06/27/2012 - D		 Termination of Assign of L&R
(2012070901290001)		 XXXXXXXXXXX XXXX XXXXX XXXXX XXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 387 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
$151,966
Municipal exemptions
Recent tax assessments
Market value
$3,555,000
Assessed value
$1,599,750

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 $3,687,000 $1,659,150 $899,348 12.439% $185,055 $111,870 +54.59%
2024/25 $3,571,000 $1,606,950 $578,929 12.5% $177,761 $72,366 +102.00%
2023/24 $3,318,000 $1,493,100 $286,553 12.502% $170,712 $35,825 +1636.18%
2022/23 $3,088,000 $1,389,600 $16,821 12.267% $154,807 $2,063 +0.26%
2021/22 $2,866,000 $1,289,700 $16,821 12.235% $143,942 $2,058 -0.26%
2020/21 $2,958,000 $1,331,100 $16,821 12.267% $134,780 $2,063 -1.65%
2019/20 $2,942,000 $1,323,900 $16,821 12.473% $122,282 $2,098 -1.10%
2018/19 $2,168,000 $975,600 $16,821 12.612% $104,938 $2,121 -0.84%
2017/18 $2,138,000 $962,100 $16,821 12.719% $88,143 $2,139 -1.34%
2016/17 $2,002,000 $900,900 $16,821 12.892% $74,397 $2,169 +0.07%
Permits

Permit information for 387 Franklin Avenue, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/24/2008 C-construction

*Most recent DOB violation 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 SW Corner
Station lines
G
Distance (miles)
0.237
View subway map

Access the detailed traffic volume map for 387 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

Neighbors for 387 Franklin Avenue, Brooklyn, NY

146 Quincy St, Brooklyn 217 Gates Ave, Brooklyn 225 Gates Ave, Brooklyn 235 Gates Ave, Brooklyn 126 Quincy St, Brooklyn 130 Quincy St, Brooklyn 132 Quincy St, Brooklyn 233 Gates Ave, Brooklyn 287 Gates Ave, Brooklyn 136 Quincy St, Brooklyn 219 Gates Ave, Brooklyn 221 Gates Ave, Brooklyn 227 Gates Ave, Brooklyn 128 Quincy St, Brooklyn 142 Quincy St, Brooklyn 215 Gates Ave, Brooklyn 223 Gates Ave, Brooklyn 229 Gates Ave, Brooklyn 144 Quincy St, Brooklyn 148 Quincy St, Brooklyn

Nearby ZIP codes for 387 Franklin Avenue, Brooklyn, NY

10002, New York City, NY 10038, New York City, NY 11201, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, 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 11221, New York City, NY 11225, New York City, NY 11226, New York City, NY 11231, New York City, NY 11232, New York City, NY 11233, New York City, NY 11237, New York City, NY

Frequently asked questions

What is the year built for 387 Franklin Avenue, Brooklyn, NY 11238?

The development at 387 Franklin Avenue, Brooklyn, NY 11238 was built in 2009.

What is the total square footage of 387 Franklin Avenue, Brooklyn, NY 11238?

387 Franklin Avenue, Brooklyn, NY 11238 has a total of 15,117 square feet.

When was 387 Franklin Avenue, Brooklyn, NY 11238 last sold and what was the sale price?

387 Franklin Avenue, Brooklyn, NY 11238 was last sold on 05/22/2008 for $1,200,000 - M.

What is the assessed value of 387 Franklin Avenue, Brooklyn, NY 11238?

387 Franklin Avenue, Brooklyn, NY 11238 is currently assessed at $1,599,750.

What are the property taxes for 387 Franklin Avenue, Brooklyn, NY 11238?

The property taxes for 387 Franklin Avenue, Brooklyn, NY 11238 total $151,966.

How many residential units does this building have?

This building has 17 residential unit(s).

Disclaimer

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