Warehouse · Borough Park, Brooklyn
1365 38th Street
Brooklyn, NY 11218
1365 38th Street is a 4-floor warehouse in Borough Park, Brooklyn, built in 1915, with about 112,000 square feet of industrial and storage space according to city records.
Also at 3720 14th Avenue.
- Industrial and storage space
- 112K SF
- Floors
- 4
- Year built
- 1915
- Zoning
- M1-2
The 2nd largest of the 3 industrial and storage buildings we track in Borough Park. Compare it with 3 neighbors
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Compared with its neighbors
How 1365 38th Street compares
Next to the 3 nearest large industrial and storage buildings, all within a 19 minute walk, 1365 38th Street ranks 2nd of 4 by industrial and storage floor area. Built in 1915, it is the oldest of them. Its estimated property tax, about $3.25 a square foot of floor area before abatements, is below the neighbors' median of $7.77.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 1365 38th Street | 112K SF | 4 | 1915 | $3.25 | Sep 2026, $28M |
| 1320 37th Street | 125K SF | 5 | 2016 | $7.77 | n/a |
| 1454 39th Street | 107K SF | 343 | 2022 | $6.64 | Dec 2025, $40.3M |
| 714 39th Street | 47K SF | 5 | 2023 | $7.88 | 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 address
- 3720 14th Avenue
- ZIP code
- 11218
- Building type
- Warehouse (city class E1)
- Total floor area
- 111,756 SF
- Commercial floor area
- 111,756 SF
- Industrial and storage
- 111,756 SF
- Height
- 4 floors
- Average floor
- About 27,900 SF (floor area divided by floors)
- Year built
- 1915
- Last major alteration
- 1965
- Lot area
- 24,974 SF
- Zoning district
- M1-2
- Built FAR
- 4.47
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3053000045
Nearest subway
- Church Av
- Ditmas Av
- Fort Hamilton Pkwy
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists 1365 REALTY CORP as the owner of record. For tax year 2026/27 the city values 1365 38th Street at $9.91 million and assesses it at $4.46 million. After phase-ins and exemptions its taxable value is $3.35 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 $363,533 a year before abatements, roughly $3.25 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
- 1365 REALTY CORP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $9,913,000
- Land market value
- $1,400,000
- Assessed value
- $4,460,850
- Taxable value (phased in)
- $3,351,150
- Estimated yearly tax
- About $363,533
- Tax per SF of floor area
- About $3.25
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.
Own or manage 1365 38th Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC property records (ACRIS)
Sales history
1365 38th Street last sold in September 2026 for $28 million, according to the deed recorded with the city. The seller of record was 1365 REALTY CORP.. That comes to about $251 per square foot of floor area.
- Last sale (deed date)
- September 4, 2026
- Price
- $28,000,000
- Price per SF of floor area
- About $251
- Seller
- 1365 REALTY CORP.
- Deed recorded
- September 11, 2026
- ACRIS document
- 2026091000389001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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
1365 38th Street reported an ENERGY STAR score of 53 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 35.1 kBtu per square foot, 6% below the national median of 37.3 for a similar property. Its greenhouse gas emissions were about 332 metric tons of CO2e (2.97 kg per square foot).
- ENERGY STAR score (2024)
- 53 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 35.1 kBtu/SF
- National median for the type
- 37.3 kBtu/SF
- Greenhouse gas emissions
- 332 t CO2e
- Emissions per SF
- 2.97 kg CO2e
- Floor area in the filing
- 111,756 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 1365 38th Street comes to about 303 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 476 tons for 2024 to 2029 (64% of the limit), so it would owe no penalty. From 2030 the limit drops to 99 tons and the same energy use counts as about 263 tons, about 164 tons over, or an estimated $44,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 476 t CO2e
- Estimated emissions
- 303 t CO2e
- Under the limit by
- 173 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 99 t CO2e
- Estimated emissions
- 263 t CO2e
- Over the limit by
- 164 t CO2e
- Estimated penalty a year
- $44,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Non-Refrigerated Warehouse 111,756 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.
How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.
Own or manage 1365 38th Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 1365 38th Street in the 12 months to October 2026; the last one was first permitted in December 2022.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- December 2022
- 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 industrial and storage space listed in Borough Park yet
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Questions about 1365 38th Street
How big is 1365 38th Street?
1365 38th Street has about 112,000 square feet of floor area in total, including 112,000 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 1365 38th Street built?
City records list 1915 as the year built, with a major alteration recorded in 1965. The building is 4 floors tall.
What other addresses does 1365 38th Street have?
City records list 3720 14th Avenue on the same tax lot (BBL 3053000045) as 1365 38th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1365 38th Street?
1365 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 1365 38th Street, Brooklyn, NY 11218, in Borough Park.
What is the zoning at 1365 38th Street?
The lot is in the M1-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.47 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 1365 38th Street?
The closest subway station to 1365 38th Street is Church Av (the F and G trains), about 0.3 miles away in a straight line, roughly 7 minutes on foot. The MTA lists it as an accessible station. Also nearby: Ditmas Av (the F train), 8 min walk; Fort Hamilton Pkwy (the D train), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 1365 38th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 1365 REALTY CORP as the owner of record of 1365 38th Street (BBL 3053000045). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 1365 38th Street last sold?
1365 38th Street last sold in September 2026 for $28 million, according to the deed recorded with the city. The seller of record was 1365 REALTY CORP.. That comes to about $251 per square foot of floor area. The deed is ACRIS document 2026091000389001 (BBL 3053000045) 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 1365 38th Street?
1365 38th Street reported an ENERGY STAR score of 53 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 53 earns a D. 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 35.1 kBtu per square foot, 6% below the national median of 37.3 for a similar property. Its greenhouse gas emissions were about 332 metric tons of CO2e (2.97 kg per square foot).
Does 1365 38th Street meet Local Law 97?
At its 2024 energy use, 1365 38th Street comes to about 303 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 476 tons for 2024 to 2029 (64% of the limit), so it would owe no penalty. From 2030 the limit drops to 99 tons and the same energy use counts as about 263 tons, about 164 tons over, or an estimated $44,000 a year unless the building cuts its emissions. 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.
Is there construction at 1365 38th Street?
The Department of Buildings issued no permits for new jobs at 1365 38th Street in the 12 months to October 2026; the last one was first permitted in December 2022. These are the Department of Buildings' DOB NOW work permits for tax lot 3053000045. 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 1365 38th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.35 million for 1365 38th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $363,533 a year, roughly $3.25 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3053000045 show the actual bill.
What is the assessed value of 1365 38th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1365 38th Street at $9.91 million ($1.4 million of it land) and its assessed value at $4.46 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 86% from 2022/23 ($5.33 million) to 2026/27.
Is there industrial and storage space for lease at 1365 38th Street?
No space at 1365 38th 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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Borough Park
Transit hubs in Borough Park
- D at 50 St
- D at 55 St
- D at Fort Hamilton Pkwy