Warehouse · Bushwick, Brooklyn
1 Rewe Street
Brooklyn, NY 11211
1 Rewe Street is a 1-floor warehouse in Bushwick, Brooklyn, built in 1957, with about 75,000 square feet of industrial and storage space according to city records.
Also at 216-218 Maspeth Avenue and 302-320 Vandervoort Avenue.
- Industrial and storage space
- 75K SF
- Floors
- 1
- Year built
- 1957
- Zoning
- M3-1
The 19th largest of the 52 industrial and storage buildings we track in Bushwick. Compare it with 6 neighbors
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Compared with its neighbors
How 1 Rewe Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 1 Rewe Street ranks 3rd of 7 by industrial and storage floor area. It went up in 1957; the median neighbor dates from 1947. Its property tax is fully exempt on the city's assessment roll.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 1 Rewe Street | 75K SF | 1 | 1957 | Exempt | n/a |
| 340 Morgan Avenue | 90K SF | 2 | 1938 | $4.48 | n/a |
| 1053 Metropolitan Avenue | 36K SF | 1 | 1926 | $5.63 | n/a |
| 8 Rewe Street | 49K SF | 1 | 1957 | $5.70 | Jan 2005, $5M |
| 1101 Metropolitan Avenue | 60K SF | 1 | 1959 | $9.51 | May 2008, $11.5M |
| 1027 Metropolitan Avenue | 44K SF | 4 | 1960 | $4.23 | n/a |
| 272 Morgan Avenue | 172K SF | 5 | 1900 | $6.45 | n/a |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 216-218 Maspeth Avenue; 302-320 Vandervoort Avenue
- ZIP code
- 11211
- Building type
- Warehouse (city class E1)
- Total floor area
- 78,985 SF
- Commercial floor area
- 78,985 SF
- Office
- 4,400 SF
- Industrial and storage
- 74,585 SF
- Height
- 1 floor
- Year built
- 1957
- Lot area
- 78,985 SF
- Zoning district
- M3-1
- Built FAR
- 1
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3029270042
Nearest subway
- Grand St
- Graham Av
- Montrose Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 1 REWE STREET REALTY, L.L.C. as the owner of record. For tax year 2026/27 the city values 1 Rewe Street at $11 million and assesses it at $4.95 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- 1 REWE STREET REALTY, L.L.C.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $10,991,000
- Land market value
- $2,488,000
- Assessed value
- $4,945,950
- Exemptions
- $4,945,950
- Estimated yearly tax
- Fully exempt on the roll
City market value by tax year
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How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
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No industrial and storage space listed in Bushwick yet
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Before you sign
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How much is commercial rent in NYC? Per square foot, by borough
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$/SF/yr is a year's rent for one square foot. How to turn it into a monthly bill, spot a monthly quote, and see what the rate leaves out before you compare spaces.
Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Questions about 1 Rewe Street
How big is 1 Rewe Street?
1 Rewe Street has about 79,000 square feet of floor area in total, including 4,000 square feet of office and 75,000 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 1 Rewe Street built?
City records list 1957 as the year built. The building is 1 floor tall.
What other addresses does 1 Rewe Street have?
City records list 216-218 Maspeth Avenue and 302-320 Vandervoort Avenue on the same tax lot (BBL 3029270042) as 1 Rewe Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1 Rewe Street?
1 Rewe Street is in ZIP code 11211, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1 Rewe Street, Brooklyn, NY 11211, in Bushwick.
What is the zoning at 1 Rewe Street?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 1 Rewe Street?
The closest subway station to 1 Rewe Street is Grand St (the L train), about 0.5 miles away in a straight line, roughly 9 minutes on foot. The MTA lists it as an accessible station. Also nearby: Graham Av (the L train), 11 min walk; Montrose Av (the L train), 14 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 1 Rewe Street?
The NYC Department of Finance's 2026/27 assessment roll lists 1 REWE STREET REALTY, L.L.C. as the owner of record of 1 Rewe Street (BBL 3029270042). 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.
What are the property taxes at 1 Rewe Street?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 1 Rewe Street, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 3029270042 show what is actually billed.
What is the assessed value of 1 Rewe Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1 Rewe Street at $11 million ($2.49 million of it land) and its assessed value at $4.95 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 8% from 2022/23 ($10.2 million) to 2026/27.
Is there industrial and storage space for lease at 1 Rewe Street?
No space at 1 Rewe Street 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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Bushwick
Transit hubs in Bushwick
- L at Morgan Av
- L at Jefferson St
- J M Z at Myrtle Av