Factory and industrial building · Hunts Point, Bronx

1281 Viele Avenue

Bronx, NY 10474

1281 Viele Avenue is a 1-floor factory and industrial building in Hunts Point, Bronx, built in 1948, with about 40,000 square feet of industrial and storage space according to city records.

Also at 323 Faile Street.

Industrial and storage space
40K SF
Floors
1
Year built
1948
Zoning
M3-1

Industrial and storage space next to its nearest neighbors

  1. 1290 Viele Avenue2 min walk41K SF
  2. 1281 Viele AvenueThis building40K SF
  3. 1309 East Bay Avenue3 min walk39K SF

The 19th largest of the 22 industrial and storage buildings we track in Hunts Point. Compare it with 6 neighbors

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Compared with its neighbors

How 1281 Viele Avenue compares

Next to the 6 nearest large industrial and storage buildings, all within a 7 minute walk, 1281 Viele Avenue ranks 4th of 7 by industrial and storage floor area. It went up in 1948; the median neighbor dates from 1955. Its estimated property tax, about $3.39 a square foot of floor area before abatements, is below the neighbors' median of $5.03.

1281 Viele Avenue and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingIndustrial and storage spaceFloorsBuiltTax / SFLast sale
1281 Viele AvenueThis building40K SF11948$3.39Aug 2019, $13M
1290 Viele Avenue2 min walk41K SF11961$5.38Sep 2020, $14.5M
1309 East Bay Avenue3 min walk39K SF11953$5.14Aug 2010, $4.2M (2 lots)
1340 Viele Avenue3 min walk260K SF11931$3.87n/a
310 Tiffany Street4 min walk40K SF21964$5.03May 2025, $10.3M
1154 Oak Point Avenue7 min walk62K SF21958Exemptn/a
500 Worthen Street7 min walk40K SF11947$4.03n/a
The 19th largest of the 22 industrial and storage buildings we track in Hunts Point: see the full list

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 address
323 Faile Street
ZIP code
10474
Building type
Factory and industrial building (city class F9)
Total floor area
40,000 SF
Commercial floor area
40,000 SF
Industrial and storage
40,000 SF
Height
1 floor
Year built
1948
Lot area
50,000 SF
Zoning district
M3-1
Built FAR
0.8
Max commercial FAR
2
Tax lot (BBL)
2027740349

Nearest subway

  • Longwood Av17 min walk · Not accessible

Nearby large buildings

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 1281 VIELE LLC as the owner of record. For tax year 2026/27 the city values 1281 Viele Avenue at $4.17 million and assesses it at $1.88 million. After phase-ins and exemptions its taxable value is $1.25 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 $135,728 a year before abatements, roughly $3.39 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
1281 VIELE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$4,168,000
Land market value
$1,000,000
Assessed value
$1,875,600
Taxable value (phased in)
$1,251,180
Estimated yearly tax
About $135,728
Tax per SF of floor area
About $3.39

City market value by tax year

  • 2022/23$2.17 million
  • 2023/24$2.23 million
  • 2024/25$2.64 million
  • 2025/26$2.7 million
  • 2026/27$4.17 million

Market value rose 92% from 2022/23 ($2.17 million) to 2026/27.

How Hunts Point compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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

1281 Viele Avenue last sold in August 2019 for $13 million, according to the deed recorded with the city. 1281 VIELE AVE. CO., LLC sold it to 1281 VIELE LLC. That comes to about $325 per square foot of floor area.

Last sale (deed date)
August 12, 2019
Price
$13,000,000
Price per SF of floor area
About $325
Seller
1281 VIELE AVE. CO., LLC
Buyer
1281 VIELE LLC
Deed recorded
August 28, 2019
ACRIS document
2019081501323002
All 9 building sales in Hunts Point since 2016

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 energy benchmarking (Local Law 84)

Energy score, grade and emissions

1281 Viele Avenue reported an ENERGY STAR score of 84 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 8 kBtu per square foot, less than half the national median of 17.7 for a similar property. Its greenhouse gas emissions were about 36.9 metric tons of CO2e (0.92 kg per square foot).

ENERGY STAR score (2024)
84 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Distribution Center
Site energy use intensity
8 kBtu/SF
National median for the type
17.7 kBtu/SF
Greenhouse gas emissions
36.9 t CO2e
Emissions per SF
0.92 kg CO2e
Floor area in the filing
40,000 SF

ENERGY STAR score by year

  • 202260 (C)
  • 202362 (C)
  • 202484 (B)

Energy sources in 2024

  • Electricity100%

Share of the energy used on site, as filed.

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. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, 1281 Viele Avenue comes to about 27 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 230 tons for 2024 to 2029 (12% of the limit), so it would owe no penalty. From 2030 the limit drops to 40 tons and the same energy use counts as about 14 tons, still under the limit.

Period
2024 to 2029
Emissions limit
230 t CO2e
Estimated emissions
27 t CO2e
Under the limit by
202 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
40 t CO2e
Estimated emissions
14 t CO2e
Under the limit by
26 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Distribution Center 40,000 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

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Questions about 1281 Viele Avenue

How big is 1281 Viele Avenue?

1281 Viele Avenue has about 40,000 square feet of floor area in total, including 40,000 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 1281 Viele Avenue built?

City records list 1948 as the year built. The building is 1 floor tall.

What other addresses does 1281 Viele Avenue have?

City records list 323 Faile Street on the same tax lot (BBL 2027740349) as 1281 Viele Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 1281 Viele Avenue?

1281 Viele Avenue is in ZIP code 10474, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1281 Viele Avenue, Bronx, NY 10474, in Hunts Point.

What is the zoning at 1281 Viele Avenue?

The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.8 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 1281 Viele Avenue?

The closest subway station to 1281 Viele Avenue is Longwood Av (the 6 train), about 0.9 miles away in a straight line, roughly 17 minutes on foot. Walking times are straight-line estimates; the street route is longer.

Who owns 1281 Viele Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 1281 VIELE LLC as the owner of record of 1281 Viele Avenue (BBL 2027740349). 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 1281 Viele Avenue last sold?

1281 Viele Avenue last sold in August 2019 for $13 million, according to the deed recorded with the city. 1281 VIELE AVE. CO., LLC sold it to 1281 VIELE LLC. That comes to about $325 per square foot of floor area. The deed is ACRIS document 2019081501323002 (BBL 2027740349) 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 is the energy grade of 1281 Viele Avenue?

1281 Viele Avenue reported an ENERGY STAR score of 84 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 84 earns a B. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 8 kBtu per square foot, less than half the national median of 17.7 for a similar property. Its greenhouse gas emissions were about 36.9 metric tons of CO2e (0.92 kg per square foot).

Does 1281 Viele Avenue meet Local Law 97?

At its 2024 energy use, 1281 Viele Avenue comes to about 27 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 230 tons for 2024 to 2029 (12% of the limit), so it would owe no penalty. From 2030 the limit drops to 40 tons and the same energy use counts as about 14 tons, still under the limit. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

What are the property taxes at 1281 Viele Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.25 million for 1281 Viele Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $135,728 a year, roughly $3.39 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2027740349 show the actual bill.

What is the assessed value of 1281 Viele Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 1281 Viele Avenue at $4.17 million ($1 million of it land) and its assessed value at $1.88 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 92% from 2022/23 ($2.17 million) to 2026/27.

Is there industrial and storage space for lease at 1281 Viele Avenue?

No space at 1281 Viele 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.

2,492 buildings from city records

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