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497 Franklin Avenue, Brooklyn, NY 11238 Property Information

497 Franklin Avenue, Brooklyn, NY 11238 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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497 Franklin Avenue, Brooklyn, NY 11238 1
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Address

Primary address 497 Franklin Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11238
Borough Brooklyn
Block & lot 01999-0004

Sales & Tax Overview for 497 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 05/12/2014
Purchase price $1,100,000
Tax class
Estimated property tax $4,226

Lot & Building Information for 497 Franklin Avenue, Brooklyn

Lot sqft 867
Lot dimensions 17 ft x 51 ft
Property type Three Families (C0)
Building sqft 2,040
Building dimensions 17 ft x 40 ft
Buildings on lot 1
Stories 3
Structure type Town house
Building material Brick
Exterior wall Brick/masonry
Basement type Full
Year built 1930
Frontage(s) Franklin Avenue (narrow)
Nearest wide street Fulton Street
Distance to wide street
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Zoning & Use for 497 Franklin Avenue, Brooklyn

Zoning
Residential units (DOF) 3
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 3
Closest police station 0.62 Miles
Closest fire station 0.33 Miles

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

Other Property Data for 497 Franklin Avenue, Brooklyn

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Floor area ratio (FAR) for 497 Franklin Avenue, Brooklyn, NY 11238, 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 497 Franklin Avenue, Brooklyn, NY 11238, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 497 Franklin Avenue, Brooklyn

What is the year built & the total sq. ft. for 497 Franklin Avenue, Brooklyn, NY 11238?

497 Franklin Avenue, Brooklyn, NY 11238 was built in 1930 and has a total of 2,040 square feet.

What is the assessed value of 497 Franklin Avenue, Brooklyn, NY 11238 and the property tax paid?

Assessed at $97,980, the tax amount paid for 497 Franklin Avenue, Brooklyn, NY 11238 is $4,107. For the next year, the tax amount for 497 Franklin Avenue, Brooklyn, NY 11238 is estimated at $4,226.

When was 497 Franklin Avenue, Brooklyn, NY 11238 last sold and what was the last sale price?

497 Franklin Avenue, Brooklyn, NY 11238 was last sold in 05/12/2014 for $1,100,000.

How many residential units does this building have?

This building has 3 residential unit(s).

Ownership Information for 497 Franklin Avenue, Brooklyn

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Property owner name for 497 Franklin Avenue, Brooklyn, NY 11238
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Building contacts for 497 Franklin Avenue, Brooklyn, NY 11238
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
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New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 497 Franklin Avenue, Brooklyn

Create a free account to view the complete sales history for 497 Franklin Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
05/12/2014 $1,100,000

Title Documents for 497 Franklin Avenue, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
06/27/2014 - D
07/28/2014 - R
Mortgage
(2014071500331001)
05/22/2014 - D
06/03/2014 - R
Satisfaction of Mortgage
(2014052201738001)
05/12/2014 - D
05/21/2014 - R
Mortgage
(2014051900700002)
05/12/2014 - D
05/21/2014 - R
Deed
(2014051900700001)
04/30/2010 - D
06/07/2010 - R
Agreement
(2010051900217003)
04/30/2010 - D
06/07/2010 - R
Mortgage
(2010051900217002)
04/26/2010 - D
06/07/2010 - R
Power of Attorney
(2010051900217001)
02/20/2008 - D
03/04/2008 - R
Satisfaction of Mortgage
(2008022000415001)
02/12/2008 - D
02/22/2008 - R
UCC3 Termination
(2008021900478001)
02/12/2008 - D
02/22/2008 - R
Mortgage
(2008021401124002)
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R: Recorded date
D: Document date

Property Taxes for 497 Franklin Avenue, Brooklyn

Access detailed property tax data for 497 Franklin Avenue, Brooklyn, NY 11238. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $4,108
Estimated property tax: $4,226
Tax assessor's market value: $1,633,000
Assessed value: $97,980

Assessment History for 497 Franklin Avenue, Brooklyn

Here's the assessment & property tax history for 497 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 $1,633,000 $97,980 $20,701 19.843% $4,108 $4,108 +3.79%
2024/25 $1,783,000 $106,980 $19,704 20.085% $3,958 $3,958 0.00%
2023/24 $1,576,000 $94,560 $19,704 20.085% $3,958 $3,958 +3.96%
2022/23 $1,376,000 $82,560 $18,744 20.309% $3,807 $3,807 +7.44%
2021/22 $1,416,000 $84,960 $17,749 19.963% $3,543 $3,543 -2.41%

Permits for 497 Franklin Avenue, Brooklyn

The complete history of permits filed for 497 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
05/01/2008 Alteration type 2
         
         
         
         
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Bedford-Stuyvesant Residential Market Stats

Access a detailed real estate market overview of Bedford-Stuyvesant so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Bedford-Stuyvesant and compare it to other neighborhoods in Brooklyn.

Median Sale Price
$1,278,806
16.3% YoY
Median Price/Sqft
$882
-12.8% YoY
Brooklyn Median Sale Price
$885,000
2.5% 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 Franklin Ave & Fulton St at NE Corner
Station lines A-C-FS
Distance (miles) 0.029
View subway map
Bus Routes
Name Fulton St/Franklin Av
Line B25
Distance (miles) 0.038

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 3 The Bedford Village 4 Yes Public PK, K-5 224 0.05
P.S. 3 The Bedford Village 4 Yes Public PK, K-5 224 0.05
The Brooklyn Waldorf School NR No Private PK, K-8 160 0.10
The Brooklyn Waldorf School NR No Private PK, K-8 160 0.10
The Co-op School NR No Private PK, K-5 0 0.14

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
The Brooklyn Waldorf School NR No Private PK, K-8 160 0.10
Clara Muhammad School Of Masjid Khalifah NR No Private PK-8 79 0.17
Bethel Elementary School NR No Private PK-8 34 0.30
Urban Assembly Unison School (The) 3 No Public 6-8 173 0.35
Explore Exceed Charter School 6 No Charter K-8 429 0.40

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Bedford Academy High School 9 No Public 9-12 381 0.27
Gotham Professional Arts Academy NR No Public 9-12 179 0.39
Acorn Community High School NR No Public 9-12 107 0.39
GOTHAM PROFESSIONAL ARTS ACADEMY NR No Public 9-12 217 0.39
Bedford Stuyvesant Prepretory High School NR No Public 10-12 102 0.45

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 497 Franklin Avenue, Brooklyn

Here are the neighbors for 497 Franklin Avenue, Brooklyn, NY 11238.

Address Square feet Purchase date Purchase price
501 Franklin Ave, Brooklyn 2,040 04/03/1985
1109 Fulton St, Brooklyn 3,687 08/04/2016 $2,300,000
1117 Fulton St, Brooklyn 3,225 09/29/2005
1125 Fulton St, Brooklyn 27,756 03/02/2017
8 Hancock St, Brooklyn 3,270 05/10/2005 $450,000
10 Hancock St, Brooklyn 3,118 09/17/2025 $2,550,000
12 Hancock St, Brooklyn 2,616 03/20/2024
50 Jefferson Ave, Brooklyn 111,000
1113 Fulton St, Brooklyn 2,697 08/13/2019 $2,000,000
14 Hancock St, Brooklyn 3,132 03/17/2006
18 Hancock St, Brooklyn 2,360 04/23/2012 $395,000
90 Jefferson Ave, Brooklyn 900
20 Hancock St, Brooklyn 3,933 02/25/2026 $1,250,000
2 Spencer Pl, Brooklyn 8,888 06/30/2015 $3,833,846
503 Franklin Ave, Brooklyn 2,079 04/03/1985
1222 Bedford Ave, Brooklyn 4,620
495 Franklin Ave, Brooklyn 2,040 06/13/2023
493 Franklin Ave, Brooklyn 2,898 06/30/2016
16 Hancock St, Brooklyn 2,360 07/24/2003 $425,000
499 Franklin Ave, Brooklyn 2,040 09/30/1986
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