Big-box retail building · Gowanus, Brooklyn
118 2nd Avenue
Brooklyn, NY 11215
118 2nd Avenue is a 1-floor big-box retail building in Gowanus, Brooklyn, built in 2003, with about 85,000 square feet of retail space according to city records.
Also at 50-112 10th Street and 118-136 2nd Avenue.
- Retail space
- 85K SF
- Floors
- 1
- Year built
- 2003
- Zoning
- M2-1
The largest of the 7 retail buildings we track in Gowanus. Compare it with 6 neighbors
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Compared with its neighbors
How 118 2nd Avenue compares
Next to the 6 nearest large retail buildings, all within a 9 minute walk, 118 2nd Avenue ranks 2nd of 7 by retail floor area. It went up in 2003; the median neighbor dates from 1998. Its estimated property tax, about $6.24 a square foot of floor area before abatements, is below the neighbors' median of $8.83.
| Building | Retail space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 118 2nd Avenue | 85K SF | 1 | 2003 | $6.24 |
| 73 12th Street | 51K SF | 1 | 2003 | $6.14 |
| 1 12 St. Extension | 53K SF | 5 | 1968 | $7.31 |
| 550 Hamilton Avenue | 139K SF | 1 | 1997 | $9.73 |
| 212 3rd Street | 55K SF | 1 | 2013 | $8.83 |
| 568 Hamilton Avenue | 65K SF | 1 | 1921 | Exempt |
| 356 4th Avenue | 39K SF | 1 | 1999 | $13.10 |
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). 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
- 50-112 10th Street; 118-136 2nd Avenue
- ZIP code
- 11215
- Building type
- Big-box retail building (city class K8)
- Total floor area
- 84,640 SF
- Commercial floor area
- 84,640 SF
- Retail
- 84,640 SF
- Height
- 1 floor
- Year built
- 2003
- Lot area
- 123,050 SF
- Zoning district
- M2-1
- Built FAR
- 0.69
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3010070118
Nearest subway
- Smith-9 Sts
- 4 Av-9 St
- Prospect 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 118 2nd Avenue for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2025
- 1
- Vacant that day
- 0
- Share vacant across Gowanus
- 12.6%
- Share vacant along 2nd Avenue
- 16.3%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in Gowanus? Get matchedNYC storefront vacancy report
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2025 filing was due June 1, 2026, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists 120 2ND AVE LLC as the owner of record. For tax year 2026/27 the city values 118 2nd Avenue at $16.3 million and assesses it at $7.31 million. After phase-ins and exemptions its taxable value is $4.87 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 $527,897 a year before abatements, roughly $6.24 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
- 120 2ND AVE LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $16,250,000
- Land market value
- $1,988,000
- Assessed value
- $7,312,500
- Taxable value (phased in)
- $5,819,410
- Exemptions
- $953,100
- Estimated yearly tax
- About $527,897
- Tax per SF of floor area
- About $6.24
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; 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 energy benchmarking (Local Law 84)
Energy use and emissions
118 2nd Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 53.4 kBtu per square foot, about the same as the national median of 53.1 for a similar property. Its greenhouse gas emissions were about 817 metric tons of CO2e (5.12 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Wholesale Club/Supercenter
- Site energy use intensity
- 53.4 kBtu/SF
- National median for the type
- 53.1 kBtu/SF
- Greenhouse gas emissions
- 817 t CO2e
- Emissions per SF
- 5.12 kg CO2e
- Floor area in the filing
- 159,379 SF
- Tax lots in the filing
- 2
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, one filing for 2 tax lots), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 118 2nd Avenue. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in December 2024 (construction; filed cost estimate $115,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1
Recent build-outs
New jobs by year
Build-outs across GowanusWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
No retail space listed in Gowanus yet
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Before you sign
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Questions about 118 2nd Avenue
How big is 118 2nd Avenue?
118 2nd Avenue has about 85,000 square feet of floor area in total, including 85,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 118 2nd Avenue built?
City records list 2003 as the year built. The building is 1 floor tall.
What other addresses does 118 2nd Avenue have?
City records list 50-112 10th Street and 118-136 2nd Avenue on the same tax lot (BBL 3010070118) as 118 2nd Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 118 2nd Avenue?
118 2nd Avenue is in ZIP code 11215, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 118 2nd Avenue, Brooklyn, NY 11215, in Gowanus.
What is the zoning at 118 2nd Avenue?
The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.69 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 118 2nd Avenue?
The closest subway station to 118 2nd Avenue is Smith-9 Sts (the F and G trains), about 600 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 4 Av-9 St (the F, G and R trains), 6 min walk; Prospect Av (the R train), 10 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 118 2nd Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 120 2ND AVE LLC as the owner of record of 118 2nd Avenue (BBL 3010070118). 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 118 2nd Avenue have an energy grade?
118 2nd Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 53.4 kBtu per square foot, about the same as the national median of 53.1 for a similar property. Its greenhouse gas emissions were about 817 metric tons of CO2e (5.12 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.
Is there construction at 118 2nd Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 118 2nd Avenue. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in December 2024 (construction; filed cost estimate $115,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3010070118. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 118 2nd Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.87 million for 118 2nd Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $527,897 a year, roughly $6.24 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3010070118 show the actual bill.
What is the assessed value of 118 2nd Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 118 2nd Avenue at $16.3 million ($1.99 million of it land) and its assessed value at $7.31 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 43% from 2022/23 ($11.4 million) to 2026/27.
Are there vacant storefronts at 118 2nd Avenue?
Owners registered one storefront at 118 2nd Avenue for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there retail space for lease at 118 2nd Avenue?
No space at 118 2nd 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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Gowanus
Transit hubs in Gowanus
- F G R at 4 Av-9 St
- R at Union St
- F G at Carroll St