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- Where
- Bushwick, Sunset Park +1
- Size
- 5,000 to 12,000 SF
- Budget
- to $5M
- Move in
- Mar 2027
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Warehouse · Bushwick, Brooklyn
121 Morgan Avenue
Brooklyn, NY
121 Morgan Avenue is a 2-floor warehouse in Bushwick, Brooklyn, built in 1920, with about 45,000 square feet of industrial and storage space according to city records.
Also at 395-403 Johnson Avenue and 121-129 Morgan Avenue.
- Industrial and storage space
- 45K SF
- Floors
- 2
- Year built
- 1920
- Zoning
- M3-1
The 40th largest of the 52 industrial and storage buildings we track in Bushwick. Compare it with 6 neighbors
No space at 121 Morgan Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Bushwick and hear the moment a tenant posts a requirement there.
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Compared with its neighbors
How 121 Morgan Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 121 Morgan Avenue ranks 6th of 7 by industrial and storage floor area. Built in 1920, it is the oldest of them. Its estimated property tax, about $7.91 a square foot of floor area before abatements, is above the neighbors' median of $6.99.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 121 Morgan Avenue | 45K SF | 2 | 1920 | $7.91 | Dec 2020, $18.2M |
| 100 Bogart Street | 55K SF | 6 | 2016 | $4.58 | n/a |
| 350 Meserole Street | 40K SF | 1 | 1966 | $6.87 | n/a |
| 100 Knickerbocker Avenue | 102K SF | 1 | 1958 | $10.56 | n/a |
| 134 Morgan Avenue | 100K SF | 1 | 1962 | $5.84 | Aug 2019, $54.5M (2 lots) |
| 74 Bogart Street | 194K SF | 7 | 2021 | $7.11 | n/a |
| 72 Bogart Street | 90K SF | 4 | 1930 | $8.13 | 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
- 395-403 Johnson Avenue; 121-129 Morgan Avenue
- ZIP code
- 11206 (PLUTO); 11237 (Finance roll)
- Building type
- Warehouse (city class E9)
- Total floor area
- 44,660 SF
- Commercial floor area
- 44,660 SF
- Industrial and storage
- 44,660 SF
- Height
- 2 floors
- Year built
- 1920
- Lot area
- 48,785 SF
- Zoning district
- M3-1
- Built FAR
- 0.92
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3030560168
Nearest subway
- Morgan Av
- Montrose Av
- Grand 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 STEEL 121 MORGAN LLC as the owner of record. For tax year 2026/27 the city values 121 Morgan Avenue at $8.26 million and assesses it at $3.72 million. After phase-ins and exemptions its taxable value is $3.25 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 $353,060 a year before abatements, roughly $7.91 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
- STEEL 121 MORGAN LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $8,257,000
- Land market value
- $1,665,000
- Assessed value
- $3,715,650
- Taxable value (phased in)
- $3,254,610
- Estimated yearly tax
- About $353,060
- Tax per SF of floor area
- About $7.91
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 121 Morgan Avenue? List a space here free and we match it against every active requirement.
NYC property records (ACRIS)
Sales history
121 Morgan Avenue last sold in December 2020 for $18.2 million, according to the deed recorded with the city. 121 MORGAN HOLDINGS LLC sold it to STEEL 121 MORGAN LLC. That comes to about $406 per square foot of floor area.
- Last sale (deed date)
- December 31, 2020
- Price
- $18,151,978
- Price per SF of floor area
- About $406
- Seller
- 121 MORGAN HOLDINGS LLC
- Buyer
- STEEL 121 MORGAN LLC
- Deed recorded
- February 1, 2021
- ACRIS document
- 2021011000065003
Recorded sales
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.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 121 Morgan Avenue in the 12 months to October 2026; the last one was first permitted in July 2022. A sidewalk shed permit here is active until November 17, 2026.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- July 2022
- Interior build-outs, last 24 months
- 0
- Sidewalk shed permit
- Active until Nov 17, 2026
New jobs by year
Build-outs across BushwickWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). 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.
What a requirement here looks like
No live requirements for industrial and storage space in Bushwick yet. These labeled examples show what tenants post. List a space in 121 Morgan Avenue and we match it against every new one automatically.
Before you sign
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Questions about 121 Morgan Avenue
How big is 121 Morgan Avenue?
121 Morgan Avenue has about 45,000 square feet of floor area in total, including 45,000 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 121 Morgan Avenue built?
City records list 1920 as the year built. The building is 2 floors tall.
What other addresses does 121 Morgan Avenue have?
City records list 395-403 Johnson Avenue and 121-129 Morgan Avenue on the same tax lot (BBL 3030560168) as 121 Morgan Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 121 Morgan Avenue?
City records give two ZIP codes for this tax lot: 11206 in NYC PLUTO 26v2 and 11237 on the Department of Finance's assessment roll. Some large New York buildings have a ZIP code of their own beside the area's, so check with the building's management which one it uses before you rely on either.
What is the zoning at 121 Morgan Avenue?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.92 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 121 Morgan Avenue?
The closest subway station to 121 Morgan Avenue is Morgan Av (the L train), about 700 feet away in a straight line, roughly 3 minutes on foot. Also nearby: Montrose Av (the L train), 7 min walk; Grand St (the L train), 10 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 121 Morgan Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists STEEL 121 MORGAN LLC as the owner of record of 121 Morgan Avenue (BBL 3030560168). 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 121 Morgan Avenue last sold?
121 Morgan Avenue last sold in December 2020 for $18.2 million, according to the deed recorded with the city. 121 MORGAN HOLDINGS LLC sold it to STEEL 121 MORGAN LLC. That comes to about $406 per square foot of floor area. The deed is ACRIS document 2021011000065003 (BBL 3030560168) 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.
Is there construction at 121 Morgan Avenue?
The Department of Buildings issued no permits for new jobs at 121 Morgan Avenue in the 12 months to October 2026; the last one was first permitted in July 2022. A sidewalk shed permit here is active until November 17, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 3030560168. 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 121 Morgan Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.25 million for 121 Morgan Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $353,060 a year, roughly $7.91 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3030560168 show the actual bill.
What is the assessed value of 121 Morgan Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 121 Morgan Avenue at $8.26 million ($1.67 million of it land) and its assessed value at $3.72 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 27% from 2022/23 ($6.52 million) to 2026/27.
Is there industrial and storage space for lease at 121 Morgan Avenue?
No space at 121 Morgan 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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Bushwick
Transit hubs in Bushwick
- L at Morgan Av
- L at Jefferson St
- J M Z at Myrtle Av