Office building with commercial space · Borough Park, Brooklyn
1312 38th Street
Brooklyn, NY 11218
1312 38th Street is a 5-floor office building with commercial space in Borough Park, Brooklyn, built in 2004, with about 55,000 square feet of office space according to city records.
- Office space
- 55K SF
- Floors
- 5
- Year built
- 2004
- Zoning
- M1-2/R6B
The 3rd largest of the 5 office buildings we track in Borough Park. Compare it with 3 neighbors
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Compared with its neighbors
How 1312 38th Street compares
Next to the 3 nearest large office buildings, all within a 18 minute walk, 1312 38th Street ranks 3rd of 4 by office floor area. Built in 2004, it is the newest of them. Its property tax is fully exempt on the city's assessment roll.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 1312 38th Street | 55K SF | 5 | 2004 | Exempt |
| 1413 38th Street | 36K SF | 2 | 1924 | $5.60 |
| 3611 14th Avenue | 442K SF | 6 | 1919 | $4.44 |
| 5402 Fort Hamilton Parkway | 64K SF | 7 | n/a | $17.35 |
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
- ZIP code
- 11218
- Building type
- Office building with commercial space (city class O5)
- Total floor area
- 65,148 SF
- Commercial floor area
- 65,148 SF
- Office
- 55,000 SF
- Height
- 5 floors
- Average floor
- About 13,000 SF (floor area divided by floors)
- Year built
- 2004
- Lot area
- 11,426 SF
- Zoning district
- M1-2/R6B
- Built FAR
- 5.7
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3052990011
Nearest subway
- Church Av
- Fort Hamilton Pkwy
- Ditmas Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; 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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists YELED V'YALDA EARLYCHILDHOOD CENTER INC as the owner of record. For tax year 2026/27 the city values 1312 38th Street at $10.8 million and assesses it at $4.88 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- YELED V'YALDA EARLYCHILDHOOD CENTER INC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $10,841,000
- Land market value
- $350,000
- Assessed value
- $4,878,450
- Exemptions
- $4,878,450
- Estimated yearly tax
- Fully exempt on the roll
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
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. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
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NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
1312 38th Street reported an ENERGY STAR score of 63 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 101 kBtu per square foot, 16% below the national median of 120.2 for a similar property. Its greenhouse gas emissions were about 545 metric tons of CO2e (9.26 kg per square foot).
- ENERGY STAR score (2024)
- 63 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 101 kBtu/SF
- National median for the type
- 120.2 kBtu/SF
- Greenhouse gas emissions
- 545 t CO2e
- Emissions per SF
- 9.26 kg CO2e
- Floor area in the filing
- 58,807 SF
ENERGY STAR score by year
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), 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. 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.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 1312 38th Street in the 12 months to October 2026; the last one was first permitted in August 2023.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- August 2023
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Borough ParkWhere 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 office space listed in Borough Park yet
The closest real space on Leasemark is below. Own or broker space at 1312 38th Street? List it free: it shows on this page and is matched against every active requirement the day it goes up.
Real space close by
Listed now by its owner or broker. Open it and tap I'm interested to ask the lister for an intro; contact details are shared once both sides accept.
Next door, in Midwood
866 East 29 Street Brooklyn Ny 11210
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Questions about 1312 38th Street
How big is 1312 38th Street?
1312 38th Street has about 65,000 square feet of floor area in total, including 55,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 1312 38th Street built?
City records list 2004 as the year built. The building is 5 floors tall.
What is the ZIP code of 1312 38th Street?
1312 38th Street is in ZIP code 11218, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1312 38th Street, Brooklyn, NY 11218, in Borough Park.
What is the zoning at 1312 38th Street?
The lot is in the M1-2/R6B zoning district. PLUTO lists a built floor area ratio (FAR) of 5.7 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 1312 38th Street?
The closest subway station to 1312 38th Street is Church Av (the F and G trains), about 0.4 miles away in a straight line, roughly 8 minutes on foot. The MTA lists it as an accessible station. Also nearby: Fort Hamilton Pkwy (the D train), 9 min walk; Ditmas Av (the F train), 10 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 1312 38th Street?
The NYC Department of Finance's 2026/27 assessment roll lists YELED V'YALDA EARLYCHILDHOOD CENTER INC as the owner of record of 1312 38th Street (BBL 3052990011). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 1312 38th Street?
1312 38th Street reported an ENERGY STAR score of 63 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 63 earns a C. 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 101 kBtu per square foot, 16% below the national median of 120.2 for a similar property. Its greenhouse gas emissions were about 545 metric tons of CO2e (9.26 kg per square foot).
Is there construction at 1312 38th Street?
The Department of Buildings issued no permits for new jobs at 1312 38th Street in the 12 months to October 2026; the last one was first permitted in August 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 3052990011. 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 1312 38th Street?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 1312 38th Street, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 3052990011 show what is actually billed.
What is the assessed value of 1312 38th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1312 38th Street at $10.8 million ($350,000 of it land) and its assessed value at $4.88 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 5% from 2022/23 ($10.3 million) to 2026/27.
Is there office space for lease at 1312 38th Street?
No space at 1312 38th Street is listed on Leasemark right now. Nearby on Leasemark: office space for lease at 866 East 29 Street Brooklyn Ny 11210 in Midwood (16,000 SF, $35/SF/yr). 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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Borough Park
Transit hubs in Borough Park
- D at 50 St
- D at 55 St
- D at Fort Hamilton Pkwy