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557 Franklin Avenue, Brooklyn, NY 11238 Property Information

557 Franklin Avenue, Brooklyn, NY 11238 Property Information

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

Primary address 557 Franklin Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11238
Borough Brooklyn
Block & lot 02021-0004

Sales & Tax Overview for 557 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 11/07/2012
Purchase price $2,255,000
Tax class
Estimated property tax $115,891

Lot & Building Information for 557 Franklin Avenue, Brooklyn

Lot sq. ft. 4,000
Lot dimensions 40 ft x 100 ft
Property type Over Six Families without Stores (C1)
Building sqft 14,080
Building dimensions 40 ft x 88 ft
Buildings on lot 1
Stories 4
Year built 1930
Construction type
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Zoning & Use for 557 Franklin Avenue, Brooklyn

Zoning
Residential units (DOF) 18
Regulatory status Rent stabilized
Stabilized units 6
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 3
Closest police station 0.76 Miles
Closest fire station 0.42 Miles

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

Other Property Data for 557 Franklin Avenue, Brooklyn

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Floor area ratio (FAR) for 557 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 557 Franklin Avenue, Brooklyn, NY 11238, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 557 Franklin Avenue, Brooklyn

What is the year built & the total sq. ft. for 557 Franklin Avenue, Brooklyn, NY 11238?

557 Franklin Avenue, Brooklyn, NY 11238 was built in 1930 and has a total of 14,080 square feet.

What is the assessed value of 557 Franklin Avenue, Brooklyn, NY 11238 and the property tax paid?

Assessed at $969,750, the tax amount paid for 557 Franklin Avenue, Brooklyn, NY 11238 is $110,282.

When was 557 Franklin Avenue, Brooklyn, NY 11238 last sold and what was the last sale price?

557 Franklin Avenue, Brooklyn, NY 11238 was last sold in 11/07/2012 for $2,255,000.

How many residential units does this building have?

This building has 18 residential unit(s).

Ownership Information for 557 Franklin Avenue, Brooklyn

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Property owner name for 557 Franklin Avenue, Brooklyn, NY 11238
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Building contacts for 557 Franklin Avenue, Brooklyn, NY 11238
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Jun 04, 2026 World Cup or Your Mortgage/Rent? Ticket Prices Rival Host City Housing Costs
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Past Sales & Property History for 557 Franklin Avenue, Brooklyn

Create a free account to view the complete sales history for 557 Franklin Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
11/07/2012 $2,255,000
01/30/2006 $1,400,000
04/09/2003 $564,916
       
       
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*Here are the three most recent sales for this property.

Title Documents for 557 Franklin Avenue, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
09/02/2021 - R UCC3 Continuation
(2021083000832001)
10/06/2017 - R UCC3 Assignment
(2017100600468001)
06/26/2017 - R
06/07/2017 - D
Assignment, Mortgage
(2017062200920001)
01/09/2017 - R UCC3 Termination
(2017010900428006)
01/09/2017 - R Initial UCC1
(2017010900428005)
01/09/2017 - R
12/22/2016 - D
Termination of Assign of L&R
(2017010900428007)
01/09/2017 - R
12/22/2016 - D
Assignment, Mortgage
(2017010900428004)
01/09/2017 - R
12/22/2016 - D
Agreement
(2017010900428003)
01/09/2017 - R
12/22/2016 - D
Mortgage
(2017010900428002)
01/09/2017 - R
12/22/2016 - D
Assignment, Mortgage
(2017010900428001)
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R: Recorded date
D: Document date

Property Taxes for 557 Franklin Avenue, Brooklyn

Access detailed property tax data for 557 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: $110,283
Estimated property tax: $115,891
Tax assessor's market value: $2,155,000
Assessed value: $969,750

Assessment History for 557 Franklin Avenue, Brooklyn

Here's the assessment & property tax history for 557 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 $2,155,000 $969,750 $886,590 12.439% $110,283 $110,283 +4.84%
2024/25 $1,870,000 $841,500 $841,500 12.5% $105,188 $105,188 +4.91%
2023/24 $2,048,000 $921,600 $801,990 12.502% $100,265 $100,265 +15.60%
2022/23 $1,941,000 $873,450 $707,040 12.267% $86,733 $86,733 +14.80%
2021/22 $1,837,000 $826,650 $617,490 12.235% $75,550 $75,550 +16.42%

Permits for 557 Franklin Avenue, Brooklyn

The complete history of permits filed for 557 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
04/29/2025 Alteration
02/20/2019 Alteration
06/05/2015 Alteration type 3
06/05/2015 Alteration type 2
11/08/2012 Alteration type 2
12/18/2006 Alteration type 2
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% 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 SW Corner
Station lines A-FS
Distance (miles) 0.11
View subway map

Neighbors for 557 Franklin Avenue, Brooklyn

Here are the neighbors for 557 Franklin Avenue, Brooklyn, NY 11238.

Address Square feet Purchase date Purchase price
578 Conduit Blvd, Brooklyn 01/19/2024 $775,000
61 Driggs Ave, Brooklyn 3,120 04/14/2003
579 A 20th St, Brooklyn 1,840 11/16/2020
140 58th St, Brooklyn 5,359,400 09/30/2009 $14,933,000
387 Logan St, Brooklyn 2,184 03/18/2008
2950 Avenue X, Brooklyn 3,945 03/12/2026 $2,375,000
9325 Kings Hwy, Brooklyn 92,800 01/16/1998
24 E 91st St, Brooklyn 1,584 06/04/2025 $730,000
520 Wythe Ave, Brooklyn 53,620 08/04/2016
182 Butler St, Brooklyn 5,000 06/01/2011 $1,525,000
1114 E 48th St, Brooklyn 840 03/28/2003 $183,000
101 Bedford Ave, Brooklyn 363,206 03/25/2014
763 56th St, Brooklyn 4,812 01/09/2007
1074 Grand St, Brooklyn 01/29/2001
2348 83rd St, Brooklyn 3,600 04/25/2023
311 Van Buren St, Brooklyn 3,060 12/03/2013 $917,000
349 E 4th St, Brooklyn 3,344 04/22/2019 $900,000
392 St Marks Ave, Brooklyn 27,125 06/05/2025 $13,500,000
2943 W 28th St, Brooklyn 702,770 05/19/1989
1518 E 54th St, Brooklyn 1,332 03/23/1995
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