Warehouse · Bed-Stuy, Brooklyn
72 Franklin Avenue
Brooklyn, NY 11205
72 Franklin Avenue is a 3-floor warehouse in Bed-Stuy, Brooklyn, built in 1938, with about 53,000 square feet of industrial and storage space according to city records.
Also at 68-84 Franklin Avenue and 451-463 Park Avenue.
- Industrial and storage space
- 53K SF
- Floors
- 3
- Year built
- 1938
- Zoning
- M1-2
The 5th largest of the 6 industrial and storage buildings we track in Bed-Stuy. Compare it with 6 neighbors
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Compared with its neighbors
How 72 Franklin Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 7 minute walk, 72 Franklin Avenue is the smallest by industrial and storage floor area. It went up in 1938; the median neighbor dates from 1945. Its estimated property tax, about $4.81 a square foot of floor area before abatements, is close to the neighbors' median of $4.82.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 72 Franklin Avenue | 53K SF | 3 | 1938 | $4.81 | n/a |
| 348 Park Avenue | 96K SF | 5 | 1949 | $6.13 | n/a |
| 39 Walworth Street | 70K SF | 1 | 1964 | $3.73 | Jun 2026, $14M |
| 18 Warsoff Place | 78K SF | 2 | 1930 | $1.33 | n/a |
| 544 Park Avenue | 288K SF | 5 | 1959 | $4.40 | n/a |
| 20 Grand Avenue | 93K SF | 7 | 1919 | $7.81 | Feb 2006, $8.3M |
| 35 Ryerson Street | 280K SF | 9 | 1942 | $5.24 | Jun 2015, $9.4M |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 68-84 Franklin Avenue; 451-463 Park Avenue
- ZIP code
- 11205
- Building type
- Warehouse (city class E1)
- Total floor area
- 52,816 SF
- Commercial floor area
- 52,816 SF
- Industrial and storage
- 52,816 SF
- Height
- 3 floors
- Average floor
- About 17,600 SF (floor area divided by floors)
- Year built
- 1938
- Last major alteration
- 2015
- Lot area
- 21,131 SF
- Zoning district
- M1-2
- Built FAR
- 2.5
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3018840070
Nearest subway
- Flushing Av
- Myrtle-Willoughby Avs
- Classon Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists 70 FRANKLIN AVE. MANAGEMENT LLC as the owner of record. For tax year 2026/27 the city values 72 Franklin Avenue at $5.7 million and assesses it at $2.57 million. After phase-ins and exemptions its taxable value is $2.34 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $253,785 a year before abatements, roughly $4.81 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- 70 FRANKLIN AVE. MANAGEMENT LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $5,703,000
- Land market value
- $528,000
- Assessed value
- $2,566,350
- Taxable value (phased in)
- $2,339,460
- Estimated yearly tax
- About $253,785
- Tax per SF of floor area
- About $4.81
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-03; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
72 Franklin Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 45.8 kBtu per square foot, 19% above the national median of 38.5 for a similar property. Its greenhouse gas emissions were about 237 metric tons of CO2e (4.49 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Other
- Site energy use intensity
- 45.8 kBtu/SF
- National median for the type
- 38.5 kBtu/SF
- Greenhouse gas emissions
- 237 t CO2e
- Emissions per SF
- 4.49 kg CO2e
- Floor area in the filing
- 52,816 SF
Energy sources in 2024
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-03; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
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Questions about 72 Franklin Avenue
How big is 72 Franklin Avenue?
72 Franklin Avenue has about 53,000 square feet of floor area in total, including 53,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 72 Franklin Avenue built?
City records list 1938 as the year built, with a major alteration recorded in 2015. The building is 3 floors tall.
What other addresses does 72 Franklin Avenue have?
City records list 68-84 Franklin Avenue and 451-463 Park Avenue on the same tax lot (BBL 3018840070) as 72 Franklin Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 72 Franklin Avenue?
72 Franklin Avenue is in ZIP code 11205, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 72 Franklin Avenue, Brooklyn, NY 11205, in Bed-Stuy.
What is the zoning at 72 Franklin Avenue?
The lot is in the M1-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.5 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 72 Franklin Avenue?
The closest subway station to 72 Franklin Avenue is Flushing Av (the G train), about 0.5 miles away in a straight line, roughly 10 minutes on foot. Also nearby: Myrtle-Willoughby Avs (the G train), 11 min walk; Classon Av (the G train), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 72 Franklin Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 70 FRANKLIN AVE. MANAGEMENT LLC as the owner of record of 72 Franklin Avenue (BBL 3018840070). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 72 Franklin Avenue have an energy grade?
72 Franklin Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 45.8 kBtu per square foot, 19% above the national median of 38.5 for a similar property. Its greenhouse gas emissions were about 237 metric tons of CO2e (4.49 kg per square foot).
What are the property taxes at 72 Franklin Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.34 million for 72 Franklin Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $253,785 a year, roughly $4.81 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3018840070 show the actual bill.
What is the assessed value of 72 Franklin Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 72 Franklin Avenue at $5.7 million ($528,000 of it land) and its assessed value at $2.57 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 24% from 2022/23 ($4.59 million) to 2026/27.
Is there industrial and storage space for lease at 72 Franklin Avenue?
No space at 72 Franklin Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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Bed-Stuy
Transit hubs in Bed-Stuy
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