Factory and industrial building · East New York, Brooklyn
1002 Essex Street
Brooklyn, NY 11208
1002 Essex Street is a 2-floor factory and industrial building in East New York, Brooklyn, built in 1967, with about 42,000 square feet of industrial and storage space according to city records.
Also at 481-503 Cozine Avenue, 978-1002 Essex Street and 1055-1079 Linwood Street.
- Industrial and storage space
- 42K SF
- Floors
- 2
- Year built
- 1967
- Zoning
- M1-1
The 29th largest of the 40 industrial and storage buildings we track in East New York. Compare it with 6 neighbors
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Compared with its neighbors
How 1002 Essex Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 1002 Essex Street ranks 4th of 7 by industrial and storage floor area. Built in 1967, it is the newest of them. Its estimated property tax, about $3.54 a square foot of floor area before abatements, is below the neighbors' median of $5.06.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 1002 Essex Street | 42K SF | 2 | 1967 | $3.54 | Nov 2014, $6.3M (2 lots) |
| 987 Essex Street | 35K SF | 1 | 1959 | $5.67 | n/a |
| 959 Essex Street | 41K SF | 1 | 1951 | Exempt | n/a |
| 1101 Linwood Street | 137K SF | 2 | 1960 | $5.06 | n/a |
| 458 Wortman Avenue | 36K SF | 1 | 1956 | $3.50 | n/a |
| 506 Cozine Avenue | 45K SF | 1 | 1963 | $5.41 | n/a |
| 530 Cozine Avenue | 93K SF | 1 | 1966 | $4.70 | Aug 2005, $9.2M |
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
- 481-503 Cozine Avenue; 978-1002 Essex Street; 1055-1079 Linwood Street
- ZIP code
- 11208
- Building type
- Factory and industrial building (city class F4)
- Total floor area
- 45,900 SF
- Commercial floor area
- 45,900 SF
- Office
- 4,384 SF
- Industrial and storage
- 41,516 SF
- Height
- 2 floors
- Year built
- 1967
- Last major alteration
- 2012
- Lot area
- 49,476 SF
- Zoning district
- M1-1
- Built FAR
- 0.93
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3044060022
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 ARYEH REALTY LLC as the owner of record. For tax year 2026/27 the city values 1002 Essex Street at $3.49 million and assesses it at $1.57 million. After phase-ins and exemptions its taxable value is $1.5 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 $162,606 a year before abatements, roughly $3.54 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
- ARYEH REALTY LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $3,491,000
- Land market value
- $990,000
- Assessed value
- $1,570,950
- Taxable value (phased in)
- $1,498,950
- Estimated yearly tax
- About $162,606
- Tax per SF of floor area
- About $3.54
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 2026-10-09; 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.
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NYC property records (ACRIS)
Sales history
1002 Essex Street last sold in November 2014 in a $6.25 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. MPR PROPERTIES LLC sold it to ARYEH REALTY LLC.
- Last sale (deed date)
- November 24, 2014
- Combined price
- $6,250,000 for 2 tax lots
- Seller
- MPR PROPERTIES LLC
- Buyer
- ARYEH REALTY LLC
- Deed recorded
- December 11, 2014
- ACRIS document
- 2014120200677001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-09; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out; a price for several tax lots is the combined price, not this building's alone.
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Questions about 1002 Essex Street
How big is 1002 Essex Street?
1002 Essex Street has about 46,000 square feet of floor area in total, including 4,000 square feet of office and 42,000 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 1002 Essex Street built?
City records list 1967 as the year built, with a major alteration recorded in 2012. The building is 2 floors tall.
What other addresses does 1002 Essex Street have?
City records list 481-503 Cozine Avenue, 978-1002 Essex Street and 1055-1079 Linwood Street on the same tax lot (BBL 3044060022) as 1002 Essex Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1002 Essex Street?
1002 Essex Street is in ZIP code 11208, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1002 Essex Street, Brooklyn, NY 11208, in East New York.
What is the zoning at 1002 Essex Street?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.93 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 1002 Essex Street?
The closest subway station to 1002 Essex Street is New Lots Av (the 3 train), about 0.6 miles away in a straight line, roughly 13 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 1002 Essex Street?
The NYC Department of Finance's 2026/27 assessment roll lists ARYEH REALTY LLC as the owner of record of 1002 Essex Street (BBL 3044060022). 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.
When was 1002 Essex Street last sold?
1002 Essex Street last sold in November 2014 in a $6.25 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. MPR PROPERTIES LLC sold it to ARYEH REALTY LLC. The deed is ACRIS document 2014120200677001 (BBL 3044060022) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
What are the property taxes at 1002 Essex Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.5 million for 1002 Essex Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $162,606 a year, roughly $3.54 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3044060022 show the actual bill.
What is the assessed value of 1002 Essex Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1002 Essex Street at $3.49 million ($990,000 of it land) and its assessed value at $1.57 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 11% from 2022/23 ($3.14 million) to 2026/27.
Is there industrial and storage space for lease at 1002 Essex Street?
No space at 1002 Essex 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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