New York City » 11238 » Franklin Ave » 550 Franklin Ave

550 Franklin Avenue, Brooklyn, NY 11238 - Property report

Also known as: 550 Franklin Ave

Property image for 550 Franklin Avenue, Brooklyn, NY 11238

Property type

Two Family Converted from One Family (B3)

Year built

1910

Lot sq. ft.

1,700

General information

Address

Primary address

550 Franklin Avenue

ZIP code

11238

Neighborhood

Bedford-Stuyvesant

Borough

Brooklyn

Block & lot

02020-0056

Building

Property type

Two Family Converted from One Family (B3)

Building sq. ft.

3,200

Building dimensions

20 ft x 40 ft

Buildings on lot

Stories

Year built

1910

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Tax

Tax year

2026-2027

Property tax

$5,945

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Franklin Avenue (narrow)

Nearest wide street

Atlantic Avenue

Distance to wide street

Lot dimensions

20 ft x 89.08 ft

Lot sq. ft.

1,700

Area overview

Walk score

98 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

78 /100. Very Bikeable

School district

Community district

Closest police station

0.74 Miles

Closest fire station

0.43 Miles

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

Ownership

Ownership information for 550 Franklin Avenue, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 550 Franklin Avenue, Brooklyn, NY 11238

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
05/05/2023 - R 03/07/2023 - D	Deed (2023032400403001)	XXXXXXXXXXXXXX XXXXXX	XXXXXXX XXXXXXX XXXXXXX
03/30/2021 - R 03/12/2021 - D	Assignment, Mortgage (2021032200812002)	XX XXXX XXXXX XXX	XXXX XX XXXXXXX XXX XX XXXX XXXXX XXX
03/30/2021 - R 03/05/2021 - D	Assignment, Mortgage (2021032200812001)	XXXXXXXX XXXXX XXXX X X	XX XXXX XXXXX XXX
03/30/2021 - R 03/04/2021 - D	Agreement (2021032200812004)	XXXXXXXXXXXXXX XXXXXX	XXXX
03/30/2021 - R 03/04/2021 - D	Mortgage (2021032200812003)	XXXXXXXXXXXXXX XXXXXX	XXXX
12/24/2018 - R 10/26/2018 - D	Agreement (2018121700617008)	XXXXXXXXXXXXXX XXXXXX	XX XXXXXX XXXXX XXXX X X
12/24/2018 - R 10/26/2018 - D	Mortgage (2018121700617007)	XXXXXXXXXXXXXX XXXXXX	XX XXXXXX XXXXX XXXX X X
12/24/2018 - R 10/26/2018 - D	Assignment, Mortgage (2018121700617006)	XXXX XX XXXXXXX	XX XXXXXX XXXXX XXXX X X
12/24/2018 - R 10/26/2018 - D	Assignment, Mortgage (2018121700617005)	XXXX XX XXXXXXX X X	XXXX XX XXXXXXX
12/24/2018 - R 10/26/2018 - D	Assignment, Mortgage (2018121700617004)	XXXXXXXXXXX XXXX XXXXX XXXXXXXXX XX	XXXX XX XXXXXXX X X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 550 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

$5,945

Municipal exemptions

Recent tax assessments

Market value

$1,944,000

Assessed value

$116,640

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	$2,084,000	$125,040	$28,266	19.843%	$5,609	$5,609	+3.92%
2024/25	$2,058,000	$123,480	$26,873	20.085%	$5,397	$5,397	0.00%
2023/24	$1,961,000	$117,660	$26,873	20.085%	$5,397	$5,397	+0.43%
2022/23	$1,605,000	$96,300	$26,464	20.309%	$5,375	$5,375	+7.84%
2021/22	$1,760,000	$105,600	$24,966	19.963%	$4,984	$4,984	+0.54%
2020/21	$2,004,000	$120,240	$23,555	21.045%	$4,957	$4,957	+4.58%
2019/20	$2,017,000	$121,020	$22,394	21.167%	$4,740	$4,740	+1.19%
2018/19	$2,161,000	$129,660	$22,394	20.919%	$4,685	$4,685	+4.21%
2017/18	$1,370,000	$82,200	$22,053	20.385%	$4,496	$4,496	+8.09%
2016/17	$1,015,000	$60,900	$20,805	19.991%	$4,159	$4,159	+8.36%

Permits

Permit information for 550 Franklin Avenue, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Clinton Hill residential market stats

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

Median sale price

$929,000

0.4% Y-o-Y

Median price/sq. ft.

$1,152

-1.5% Y-o-Y

Brooklyn median sale price

$899,000

6% 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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Franklin Ave & Fulton St at SW Corner

Station lines

A-FS

Distance (miles)

0.094

View subway map

Access the detailed traffic volume map for 550 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

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 3 The Bedford Village	4	Yes	Public	PK, K-5	224	0.19
P.S. 3 The Bedford Village	4	Yes	Public	PK, K-5	224	0.19
The Co-op School	NR	No	Private	PK, K-5	0	0.09
The Co-op School	NR	No	Private	PK, K-5	0	0.09
The Brooklyn Waldorf School	NR	No	Private	PK, K-8	160	0.21
The Brooklyn Waldorf School	NR	No	Private	PK, K-8	160	0.21
Nelrak Child Development Center	NR	No	Private	PK, K-3	50	0.26
Explore Exceed Charter School	6	No	Charter	K-8	429	0.30
Brooklyn Arts and Science Elementary School	4	No	Public	PK, K-5	275	0.30
Brooklyn Arts and Science Elementary School	4	No	Public	PK, K-5	275	0.30

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
The Brooklyn Waldorf School	NR	No	Private	PK, K-8	160	0.21
Explore Exceed Charter School	6	No	Charter	K-8	429	0.30
Clara Muhammad School Of Masjid Khalifah	NR	No	Private	PK-8	79	0.30
Bethel Elementary School	NR	No	Private	PK-8	34	0.32
Elijah Stroud Middle School	5	No	Public	6-8	121	0.45
Urban Assembly Unison School (The)	3	No	Public	6-8	173	0.45
P.S. 138	6	No	Public	PK, K-8	414	0.46
Brooklyn Jesuit Prep School	NR	No	Private	5-8	87	0.48
Restoration Academy	3	No	Public	6-8	94	0.48
German School Brooklyn	NR	No	Private	PK, K-8	195	0.52

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Gotham Professional Arts Academy	NR	No	Public	9-12	179	0.33
Acorn Community High School	NR	No	Public	9-12	107	0.33
GOTHAM PROFESSIONAL ARTS ACADEMY	NR	No	Public	9-12	217	0.33
Bedford Academy High School	9	No	Public	9-12	381	0.40
Bedford Stuyvesant Prepretory High School	NR	No	Public	10-12	102	0.53
Brooklyn Academy High School	NR	No	Public	10-12	82	0.56
Leadership Preparatory Bedford Stuyvesant Charter School	6	No	Charter	K-12	1,186	0.57
P.S. 140	NR	No	Public	K-10	318	0.57
Talmud Torah Dnitra	NR	No	Private	PK, K-12	500	0.69
Aspirations Diploma Plus High School	NR	No	Public	9-12	199	0.69

Neighbors for 550 Franklin Avenue, Brooklyn, NY

226 Lefferts Pl, Brooklyn 204 Lefferts Pl, Brooklyn 1029 Atlantic Ave, Brooklyn 206 Lefferts Pl, Brooklyn 1065 Atlantic Ave, Brooklyn 2 Brevoort Pl, Brooklyn 1027 Atlantic Ave, Brooklyn 548 Franklin Ave, Brooklyn 214 Lefferts Pl, Brooklyn 212 Lefferts Pl, Brooklyn 1073 Atlantic Ave, Brooklyn 1035 Atlantic Ave, Brooklyn 544 Franklin Ave, Brooklyn 1077 Atlantic Ave, Brooklyn 546 Franklin Ave, Brooklyn 210 Lefferts Pl, Brooklyn 202 Lefferts Pl, Brooklyn

Frequently asked questions

What is the year built for 550 Franklin Avenue, Brooklyn, NY 11238?

The development at 550 Franklin Avenue, Brooklyn, NY 11238 was built in 1910.

What is the total square footage of 550 Franklin Avenue, Brooklyn, NY 11238?

550 Franklin Avenue, Brooklyn, NY 11238 has a total of 3,200 square feet.

What is the assessed value of 550 Franklin Avenue, Brooklyn, NY 11238?

550 Franklin Avenue, Brooklyn, NY 11238 is currently assessed at $116,640.

What are the property taxes for 550 Franklin Avenue, Brooklyn, NY 11238?

The property taxes for 550 Franklin Avenue, Brooklyn, NY 11238 total $5,944.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.