55–57 Franklin Avenue
55–57 Franklin Avenue, north of Park Avenue · Bedford-Stuyvesant
Bedford-Stuyvesant, Brooklyn
BBL 3018857501 · BIN 3348856
- Type
- Condominium
- Amenities
- Elevator access
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
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A Private Pricing Opinion — what your apartment at 55–57 Franklin Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
55–57 Franklin Avenue combines two five-story buildings within a twenty-residence condominium. Henry Radusky filed the two new-building applications in 2001, each providing ten dwellings. DOB signed off the applications in January and February 2004. The residential tax lots share an active 25-year 421-a benefit that began in 2005.
The property stands north of Park Avenue in an area of mixed residential and industrial zoning. The condominium contains both residential and commercial interests, with separate tax treatment for those components.
Architecture and unit composition
The paired buildings provide twenty residences over five floors at each address. Apartment areas in recent transfers are around 1,075–1,100 square feet.
The residential property has elevator access.
Building operations
The 421-a benefit remains active on the 2027 roll. Its 25-year term began in 2005, placing the property in the later years of that benefit period. Carrying costs should therefore be evaluated with the remaining benefit schedule for the apartment being purchased, since an active exemption does not imply a permanent tax reduction.
The existing floor area exceeds the residential allowance shown for the M1-2/R6A district. That relationship concerns the existing development and should not be treated as evidence that further residential enlargement is available.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Apr 29, 2026 | 6B | $999,999 |
| Jul 11, 2025 | 4B | $999,000 |
| May 21, 2019 | 2B | $650,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01885-7501; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
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Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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Comparable buildings
- Lofts on Lex — A similarly sized condominium for comparing larger apartment layouts in an older structure.
- 105 Lexington Avenue — A larger low-rise condominium with a mixed-use neighborhood setting.
- Shoe Factory Lofts — A smaller conversion condominium for comparing interior area and association size.
- Clinton Court — A small low-rise condominium with a more limited residential inventory.
- The Kent — A much larger condominium nearby, useful for comparing service scale and common costs.
More Bedford-Stuyvesant buildings
- 465 Hancock Street — condominium
- 524 Halsey Street — 1904 condominium
- 531 Classon Avenue — 2021 condominium
- 56 Quincy Street — 2023 condominium
- 583 Putnam Avenue — 1901 condominium
- 592 Marcy Avenue — condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Bedford-Stuyvesant.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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646.939.7375 · c.cohen@compass.com