New York City  »  10456  »  Franklin Ave  »  1240 Franklin Ave

1240 Franklin Avenue, Bronx, NY 10456 - Property report

Also known as: 1240 Franklin Ave

Property image for 1240 Franklin Avenue, Bronx, NY 10456
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Property type

Three Families (C0)

Year built

2005

Lot sq. ft.

4,174

Sale price

$509,431

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
1240 Franklin Avenue
ZIP code
10456
Neighborhood
Morrisania
Borough
Bronx
Block & lot
02615-0106

Owner

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Building
Property type
Three Families (C0)
Building sq. ft.
3,480
Building dimensions
21 ft x 55 ft
Buildings on lot
1
Stories
3
Year built
2005
Building material
Brick
Exterior wall
Brick/Masonary
Basement
4
Sales
Sale date
05/15/2008
Sale price
$509,431
Tax
Tax year
2026-2027
Property tax
$6,754
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
3
Residential sq. ft.
Lot
Frontage(s)
Franklin Avenue (narrow)
Nearest wide street
Boston Road
Distance to wide street
Lot dimensions
22.5 ft x 185.4 ft
Lot sq. ft.
4,174

Area overview

Walk score
87 /100.  Very Walkable
Transit score
95 /100.  Rider's Paradise
Bike score
73 /100.  Very Bikeable
School district
9
Community district
3

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

Ownership

Ownership information for 1240 Franklin Avenue, Bronx, NY

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

Sales history for 1240 Franklin Avenue, Bronx, NY 10456

Sale date Sale price Buyer name Seller name
05/15/2008 $509,431 XXXXX, XXXXXXXX XXX XXXXXXXXXXX XXXXXXX XXXXXXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/13/2026 - R
04/12/2022 - D		 Agreement
(2026010900928002)		 XXXXX XXXXXXXX XXXXXXXXXXXX XXX
01/13/2026 - R
04/12/2022 - D		 Mortgage
(2026010900928001)		 XXXXX XXXXXXXX XXXXXXXXXXXX XXX
07/29/2022 - R
04/12/2022 - D		 Agreement
(2022061500917001)		 XXXXX XXXXXXXX XXXXXXXXXXXX XXX
09/29/2022 - R
04/12/2022 - D		 Mortgage
(2022042700780001)		 XXXXX XXXXXXXX XXXXXXXXXXXX XXX
09/29/2022 - R
03/30/2022 - D		 Assignment, Mortgage
(2022042700780006)		 XXXX XXXX XXX X X XXX XX XXXXXX XXX XXXXXXXXXX XXX XXXXXXX
09/29/2022 - R
03/30/2022 - D		 Assignment, Mortgage
(2022042700780005)		 XXXX XXXXXXXX XXXXXXXXXXX (XXX) XXXX XXXX XXX X X XXX XXXXXXXXXX XXX XXXXXXX
09/29/2022 - R
03/30/2022 - D		 Assignment, Mortgage
(2022042700780003)		 XXXX XXXX
09/29/2022 - R
03/22/2022 - D		 Assignment, Mortgage
(2022042700780007)		 XXXX XX XXXXXXX XXX XXXXXXXXXX XXXXXXXX XXX XXX XXXXXXXXXXXX XXX XXX XXXXXXXXXX XXX XXXXXXX
09/29/2022 - R
03/15/2022 - D		 Subordination of Mortgage
(2022042700780004)		 XXX XXXXXXXXXX XX XXXXXXX XXXXXXXXXXXX XXXXXXXXX XXXXX XXXXXXXX
09/29/2022 - R
03/15/2022 - D		 Subordination of Mortgage
(2022042700780002)		 XXX XXXX XX XXX XXXX XXXXXXXXXX XX XXXXXXX XXXXX XXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1240 Franklin Avenue, Bronx, 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
$6,754
Municipal exemptions
Recent tax assessments
Market value
$904,000
Assessed value
$54,240

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 $811,000 $48,660 $29,604 19.843% $7,496 $5,874 +16.50%
2024/25 $866,000 $51,960 $25,105 20.085% $7,158 $5,042 +21.30%
2023/24 $978,000 $58,680 $20,697 20.085% $6,753 $4,157 +8.62%
2022/23 $822,000 $49,320 $18,844 20.309% $6,829 $3,827 +18.85%
2021/22 $863,000 $51,780 $16,129 19.963% $6,662 $3,220 +10.99%
2020/21 $760,000 $45,600 $13,786 21.045% $6,626 $2,901 +12.40%
2019/20 $655,000 $39,300 $12,194 21.167% $6,287 $2,581 +11.02%
2018/19 $467,000 $28,020 $11,114 20.919% $5,862 $2,325 +2.62%
2017/18 $521,000 $31,260 $11,114 20.385% $6,372 $2,266 +10.31%
2016/17 $507,000 $30,420 $10,274 19.991% $6,081 $2,054 +2.23%
Permits

Permit information for 1240 Franklin Avenue, Bronx, NY

Filing date Job type Job status Job description Initial cost
08/28/2026 Alteration
01/13/2005 New building
12/03/2004 New building
06/29/2004 New building
06/29/2004 New building

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID Inspection date Class NOV issue date Status
05/08/2026 A
11/17/2025 I
06/13/2025 A

*Most recent HPD violations on record for this property.

Neighborhood

Morrisania, Melrose residential market stats

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

Median sale price

—

Median price/sq. ft.

—

Bronx median sale price

$352,500

13.7% Y-o-Y

Check out recently sold homes in Bronx 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
Southern Blvd & Freeman St at NW Corner
Station lines
2-5
Distance (miles)
0.564
View subway map

Access the detailed traffic volume map for 1240 Franklin Avenue, Bronx, NY 10456 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. 63 Author S Academy 5 Yes Public PK, K-5 412 0.05
P.S. 63 Author S Academy 5 Yes Public PK, K-5 412 0.05
Wildflower New York Charter School NR No Charter PK, K-3 37 0.18
Wildflower New York Charter School NR No Charter PK, K-3 37 0.18
Urban Scholars Community School 5 No Public PK, K-5 325 0.18
Urban Scholars Community School 5 No Public PK, K-5 325 0.18
Ny Center For Autism Charter - Bronx NR No Charter 1, 3 32 0.18
South Bronx Classical Charter Iii 9 No Charter K-8 500 0.19
Harriet Tubman Charter School 7 No Charter K-8 565 0.19
P.S. 212 NR No Public PK, K-5 161 0.19
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Mott Hall Charter School 3 No Charter 6-8 228 0.05
New Covenant Christian Middle and High School NR No Private 6-12 0 0.10
South Bronx Classical Charter Iii 9 No Charter K-8 500 0.19
Harriet Tubman Charter School 7 No Charter K-8 565 0.19
Is 219 New Venture School 3 No Public 6-8 247 0.24
Kappa Middle School 4 No Public 6-8 241 0.24
P.S. 186 Walter J Damrosch School NR No Public K-8 661 0.25
Bronx Latin School 5 No Public 6-12 493 0.25
Dr Richard Izquierdo Health and Science Charter School 5 No Charter 6-12 708 0.25
Mott Hall III 6 No Public 6-8 306 0.34
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
New Covenant Christian Middle and High School NR No Private 6-12 0 0.10
High School for Violin and Dance 2 No Public 9-12 130 0.23
School For Excellence 2 No Public 9-12 101 0.23
Morris Academy For Collaborative Studies 4 No Public 9-12 435 0.23
Bronx International High School 3 No Public 9-12 324 0.23
Frederick Douglas Academy Iii Secondary School 3 No Public 9-12 218 0.24
Eximius College Preparatory Academy 4 No Public 9-12 367 0.24
Bronx Center For Science And Mathematics 6 No Public 9-12 389 0.25
Bronx Latin School 5 No Public 6-12 493 0.25
Dr Richard Izquierdo Health and Science Charter School 5 No Charter 6-12 708 0.25

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 1240 Franklin Avenue, Bronx, NY

2305 Newbold Ave, Bronx 1561 Mayflower Ave, Bronx 2546 White Plains Rd, Bronx 1441 Hollywood Ave, Bronx 2303 Newbold Ave, Bronx 715 E 220th St, Bronx 2307 Newbold Ave, Bronx 1234 Franklin Ave, Bronx 1621 Bogart Ave, Bronx 2011 Camp St, Bronx 1242 Franklin Ave, Bronx 2544 White Plains Rd, Bronx 1055 White Plains Rd, Bronx 674 E 226th St, Bronx 1011 E 217th St, Bronx 2548 White Plains Rd, Bronx 4006 Secor Ave, Bronx 2003 Daly Ave, Bronx 3210 Hering Ave, Bronx 670 E 226th St, Bronx

Nearby ZIP codes for 1240 Franklin Avenue, Bronx, NY

10030, New York City, NY 10031, New York City, NY 10032, New York City, NY 10033, New York City, NY 10034, New York City, NY 10035, New York City, NY 10037, New York City, NY 10039, New York City, NY 10040, New York City, NY 10451, New York City, NY 10452, New York City, NY 10453, New York City, NY 10454, New York City, NY 10455, New York City, NY 10457, New York City, NY 10458, New York City, NY 10459, New York City, NY 10460, New York City, NY 10468, New York City, NY 10474, New York City, NY

Frequently asked questions

What is the year built for 1240 Franklin Avenue, Bronx, NY 10456?

The development at 1240 Franklin Avenue, Bronx, NY 10456 was built in 2005.

What is the total square footage of 1240 Franklin Avenue, Bronx, NY 10456?

1240 Franklin Avenue, Bronx, NY 10456 has a total of 3,480 square feet.

When was 1240 Franklin Avenue, Bronx, NY 10456 last sold and what was the sale price?

1240 Franklin Avenue, Bronx, NY 10456 was last sold on 05/15/2008 for $509,431.

What is the assessed value of 1240 Franklin Avenue, Bronx, NY 10456?

1240 Franklin Avenue, Bronx, NY 10456 is currently assessed at $54,240.

What are the property taxes for 1240 Franklin Avenue, Bronx, NY 10456?

The property taxes for 1240 Franklin Avenue, Bronx, NY 10456 total $6,754.

How many residential units does this building have?

This building has 3 residential unit(s).

Disclaimer

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