Warehouse · Red Hook, Brooklyn
101 Commerce Street
Brooklyn, NY 11231
101 Commerce Street is a 1-floor warehouse in Red Hook, Brooklyn, built in 2000, with about 42,000 square feet of industrial and storage space according to city records.
Also at 101-109 Commerce Street and 87-115 Imlay Street.
- Industrial and storage space
- 42K SF
- Floors
- 1
- Year built
- 2000
- Zoning
- M2-1
The 14th largest of the 16 industrial and storage buildings we track in Red Hook. Compare it with 6 neighbors
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Compared with its neighbors
How 101 Commerce Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 9 minute walk, 101 Commerce Street ranks 5th of 7 by industrial and storage floor area. It went up in 2000; the median neighbor dates from 1920. Its estimated property tax, about $2.00 a square foot of floor area before abatements, is below the neighbors' median of $5.96.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 101 Commerce Street | 42K SF | 1 | 2000 | $2.00 | n/a |
| 210 Van Brunt Street | 59K SF | 2 | 1924 | Exempt | Apr 2008, $8M (2 lots) |
| 100 Imlay Street | 223K SF | 6 | 1913 | $8.79 | n/a |
| 80 Richards Street | 134K SF | 6 | 1917 | $5.05 | n/a |
| 170 Van Brunt Street | 40K SF | 2 | 1920 | $5.92 | n/a |
| 155 King Street | 78K SF | 5 | 2020 | $9.55 | Jan 2026, $75.1M (2 lots) |
| 202 Van Dyke Street | 36K SF | 1 | 1920 | $5.96 | Jun 2022, $10.2M |
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
- 101-109 Commerce Street; 87-115 Imlay Street
- ZIP code
- 11231
- Building type
- Warehouse (city class E1)
- Total floor area
- 42,456 SF
- Commercial floor area
- 42,456 SF
- Industrial and storage
- 42,456 SF
- Height
- 1 floor
- Year built
- 2000
- Lot area
- 25,650 SF
- Zoning district
- M2-1
- Built FAR
- 1.66
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3005170017
Nearest subway
- Carroll St
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 101 COMMERCE REALTY as the owner of record. For tax year 2026/27 the city values 101 Commerce Street at $3.22 million and assesses it at $1.45 million. After phase-ins and exemptions its taxable value is $784,350; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $85,086 a year before abatements, roughly $2.00 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
- 101 COMMERCE REALTY
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $3,223,000
- Land market value
- $462,000
- Assessed value
- $1,450,350
- Taxable value (phased in)
- $784,350
- Estimated yearly tax
- About $85,086
- Tax per SF of floor area
- About $2.00
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.
Own or manage 101 Commerce Street? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
101 Commerce Street'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.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Manufacturing/Industrial Plant
- Floor area in the filing
- 42,456 SF
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 2026-10-09; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Before you sign
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Questions about 101 Commerce Street
How big is 101 Commerce Street?
101 Commerce Street has about 42,000 square feet of floor area in total, including 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 101 Commerce Street built?
City records list 2000 as the year built. The building is 1 floor tall.
What other addresses does 101 Commerce Street have?
City records list 101-109 Commerce Street and 87-115 Imlay Street on the same tax lot (BBL 3005170017) as 101 Commerce Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 101 Commerce Street?
101 Commerce Street is in ZIP code 11231, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 101 Commerce Street, Brooklyn, NY 11231, in Red Hook.
What is the zoning at 101 Commerce Street?
The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.66 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 101 Commerce Street?
The closest subway station to 101 Commerce Street is Carroll St (the F and G trains), about 0.8 miles away in a straight line, roughly 15 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 101 Commerce Street?
The NYC Department of Finance's 2026/27 assessment roll lists 101 COMMERCE REALTY as the owner of record of 101 Commerce Street (BBL 3005170017). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 101 Commerce Street have an energy grade?
101 Commerce Street'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.
What are the property taxes at 101 Commerce Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $784,350 for 101 Commerce Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $85,086 a year, roughly $2.00 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3005170017 show the actual bill.
What is the assessed value of 101 Commerce Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 101 Commerce Street at $3.22 million ($462,000 of it land) and its assessed value at $1.45 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 196% from 2022/23 ($1.09 million) to 2026/27.
Is there industrial and storage space for lease at 101 Commerce Street?
No space at 101 Commerce 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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Red Hook
Transit hubs in Red Hook
- F G at Smith-9 Sts
- NYC Ferry at Red Hook/Atlantic Basin