Kings  »  11238  »  Franklin Ave  »  557 Franklin Ave

557 Franklin Avenue, Brooklyn, NY 11238 - Property report

Also known as: 557 Franklin Ave

Property image for 557 Franklin Avenue, Brooklyn, NY 11238
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Property type

Over Six Families without Stores (C1)

Year built

1930

Lot sq. ft.

4,000

Sale price

$2,255,000

General information

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

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
14,080
Building dimensions
40 ft x 88 ft
Buildings on lot
1
Stories
4
Year built
1930
Building material
Sales
Sale date
11/07/2012
Sale price
$2,255,000
Tax
Tax year
2026-2027
Property tax
$115,892
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Residential units
18
Residential sq. ft.
Lot
Lot dimensions
40 ft x 100 ft
Lot sq. ft.
4,000

Area overview

Walk score
98 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
81 /100.  Very Bikeable
School district
13
Community district
3
Closest police station
0.76 Miles
Closest fire station
0.42 Miles

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

Ownership

Ownership information for 557 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 557 Franklin Avenue, Brooklyn, NY 11238

Sale date Sale price Buyer name Seller name
11/07/2012 $2,255,000 XXX XXXXXXXX XXX XXX XXX XXXXXXXXX XXXXXX XXX
01/30/2006 $1,400,000 XXX XXXXXXXXX XXXXXX XXX XXX-XXX XXXXXXXX XXX. XXX
04/09/2003 $564,916 XXX-XXX XXXXXXXX XXX XXX XXX XXXXXX XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
08/04/2026 - R UCC3 Continuation
(2026080400574001)		 XXX XXXXXXXX XXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
09/02/2021 - R UCC3 Continuation
(2021083000832001)		 XXX XXXXXXXX XXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
10/06/2017 - R UCC3 Assignment
(2017100600468001)		 XXX XXXXXXXX XXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
06/26/2017 - R
06/07/2017 - D		 Assignment, Mortgage
(2017062200920001)		 XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
01/09/2017 - R UCC3 Termination
(2017010900428006)		 XXX XXXXXXXX XXX XXX XXXXXXXXX XXXX
01/09/2017 - R Initial UCC1
(2017010900428005)		 XXX XXXXXXXX XXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXXX
01/09/2017 - R
12/22/2016 - D		 Termination of Assign of L&R
(2017010900428007)		 XXXXXXXXX XXXX
01/09/2017 - R
12/22/2016 - D		 Assignment, Mortgage
(2017010900428004)		 XXXXXXXXX XXXXXXXXX XXXXXXXXXXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXXX
01/09/2017 - R
12/22/2016 - D		 Agreement
(2017010900428003)		 XXX XXXXXXXX XXX XXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXX
01/09/2017 - R
12/22/2016 - D		 Mortgage
(2017010900428002)		 XXX XXXXXXXX XXX XXX XXXXXXXXX XXXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 557 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
$115,892
Municipal exemptions
Recent tax assessments
Market value
$2,338,000
Assessed value
$1,052,100

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 $2,155,000 $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%
2020/21 $1,805,000 $812,250 $529,020 12.267% $64,895 $64,895 +21.22%
2019/20 $1,280,000 $576,000 $429,210 12.473% $53,535 $53,535 +12.83%
2018/19 $993,000 $446,850 $376,200 12.612% $47,446 $47,446 +10.00%
2017/18 $946,000 $425,700 $339,120 12.719% $43,133 $43,133 +15.84%
2016/17 $854,000 $384,300 $288,810 12.892% $37,233 $37,233 +18.63%
Permits

Permit information for 557 Franklin Avenue, Brooklyn, NY

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

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
03/26/2002 Ll6291-local law 62/91 - boilers
02/27/2001 Ll6291-local law 62/91 - boilers
02/07/2000 Ll6291-local law 62/91 - boilers

*Most recent DOB violations 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

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Franklin Ave & Fulton St at SW Corner
Station lines
A-FS
Distance (miles)
0.11
View subway map

Access the detailed traffic volume map for 557 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 557 Franklin Avenue, Brooklyn, NY

578 Conduit Blvd, Brooklyn 61 Driggs Ave, Brooklyn 579 A 20th St, Brooklyn 140 58th St, Brooklyn 387 Logan St, Brooklyn 2950 Avenue X, Brooklyn 9325 Kings Hwy, Brooklyn 24 E 91st St, Brooklyn 520 Wythe Ave, Brooklyn 182 Butler St, Brooklyn 1114 E 48th St, Brooklyn 101 Bedford Ave, Brooklyn 763 56th St, Brooklyn 1074 Grand St, Brooklyn 2348 83rd St, Brooklyn 311 Van Buren St, Brooklyn 349 E 4th St, Brooklyn 392 St Marks Ave, Brooklyn 2943 W 28th St, Brooklyn 1518 E 54th St, Brooklyn

Nearby ZIP codes for 557 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 557 Franklin Avenue, Brooklyn, NY 11238?

The development at 557 Franklin Avenue, Brooklyn, NY 11238 was built in 1930.

What is the total square footage of 557 Franklin Avenue, Brooklyn, NY 11238?

557 Franklin Avenue, Brooklyn, NY 11238 has a total of 14,080 square feet.

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

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

What is the assessed value of 557 Franklin Avenue, Brooklyn, NY 11238?

557 Franklin Avenue, Brooklyn, NY 11238 is currently assessed at $1,052,100.

What are the property taxes for 557 Franklin Avenue, Brooklyn, NY 11238?

The property taxes for 557 Franklin Avenue, Brooklyn, NY 11238 total $115,891.

How many residential units does this building have?

This building has 18 residential unit(s).

Disclaimer

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