Commercial condominium · Downtown Brooklyn, Brooklyn

139 Flatbush Avenue

Brooklyn, NY 11217

139 Flatbush Avenue is a commercial condominium in Downtown Brooklyn, Brooklyn, built in 2003, with about 517,000 square feet of office space according to city records.

Part of Atlantic Terminal Mall. Also at 125-151 Flatbush Avenue, 142-192 Fort Greene Place and 2-40 Hanson Place.

Office space
517K SF
Floors
n/a
Year built
2003
Zoning
C6-4

Office space next to its nearest neighbors

  1. 139 Flatbush AvenueThis building517K SF
  2. 55 Hanson Place2 min walk300K SF
  3. 253 Ashland Place4 min walk143K SF

The 7th largest of the 59 office buildings we track in Downtown Brooklyn. Compare it with 6 neighbors

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Compared with its neighbors

How 139 Flatbush Avenue compares

Next to the 6 nearest large office buildings, all within a 8 minute walk, 139 Flatbush Avenue is the largest by office floor area. It went up in 2003; the median neighbor dates from 1925. Its property tax is fully exempt on the city's assessment roll.

139 Flatbush Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
139 Flatbush AvenueThis building517K SFn/a2003Exempt
55 Hanson Place2 min walk300K SF141915Exempt
253 Ashland Place4 min walk143K SF112016$10.51
41 Flatbush Avenue5 min walk177K SF101920$10.12
88 3rd Avenue6 min walk100K SF21925$9.69
38 Flatbush Avenue6 min walk195K SF71971$9.89
285 Schermerhorn Street8 min walk104K SF71926$5.58
The 7th largest of the 59 office buildings we track in Downtown Brooklyn: 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). Large means at least 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Part of
Atlantic Terminal Mall
Other addresses
125-151 Flatbush Avenue; 142-192 Fort Greene Place; 2-40 Hanson Place
ZIP code
11217
Building type
Commercial condominium (city class RC)
Total floor area
906,158 SF
Commercial floor area
906,158 SF
Office
517,033 SF
Retail
389,125 SF
Year built
2003
Last major alteration
2020
Lot area
191,713 SF
Zoning district
C6-4
Built FAR
4.73
Max commercial FAR
10
Tax lot (BBL)
3020017501

Nearest subway

  • Atlantic Av-Barclays Ctr1 min walk · Accessible station
  • Lafayette Av4 min walk · Not accessible
  • Fulton St4 min walk · Not accessible

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. 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 31 storefronts at 139 Flatbush Avenue for December 31, 2024, the newest annual filing the city has published, and 6 of them stood vacant that day.

Storefronts registered for December 31, 2024
31
Vacant that day
6
Share vacant here
19.4%
Share vacant across Downtown Brooklyn
14.6%
Share vacant citywide
8.7%
Condominium tax lots that filed
1

Vacant on December 31, by year

  • 20190 of 23
  • 20201 of 24
  • 20210 of 24
  • 20220 of 24
  • 20236 of 32
  • 20246 of 31

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 139 Flatbush Avenue? Listing it is free, and it is matched against every active requirement for retail space in Downtown Brooklyn the day it goes up.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-03. 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, summed over the condominium's unit lot that filed, as the owners filed them. The 2024 filing was due June 3, 2025, 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

Property tax and assessed value

For tax year 2026/27 the city values 139 Flatbush Avenue at $232.9 million and assesses it at $104.8 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.

Tax class
Class 4 (commercial and industrial)
City market value
$232,912,000
Land market value
$23,006,000
Assessed value
$104,810,400
Exemptions
$104,810,400
Estimated yearly tax
Fully exempt on the roll
Condominium tax lots
2
Owners of record
1

City market value by tax year

  • 2022/23$204.5 million
  • 2023/24$215.8 million
  • 2024/25$227 million
  • 2025/26$229.7 million
  • 2026/27$232.9 million

Market value rose 14% from 2022/23 ($204.5 million) to 2026/27.

How Downtown Brooklyn compares: property tax per SF across NYC neighborhoods

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 2 condominium tax lots), pulled 2026-10-03. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.

NYC energy benchmarking (Local Law 84)

Energy use and emissions

139 Flatbush Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (too much of the floor area is classed as other uses), 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 69.2 kBtu per square foot, 43% above the national median of 48.5 for a similar property. Its greenhouse gas emissions were about 5,382 metric tons of CO2e (6.98 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Office
Site energy use intensity
69.2 kBtu/SF
National median for the type
48.5 kBtu/SF
Greenhouse gas emissions
5,382 t CO2e
Emissions per SF
6.98 kg CO2e
Floor area in the filing
771,369 SF

Energy sources in 2024

  • Electricity77%
  • Natural gas23%

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 2026-10-03; 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 9 jobs at 139 Flatbush Avenue. In the last two years, interior work was permitted on 2 floors (floors 1 and 2 and the cellar). The newest build-out, on floor 1, was first permitted in May 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $628,000). A sidewalk shed permit here is active until November 25, 2026.

New jobs, last 12 months
9
Initial permits, last 12 months
12
Newest job first permitted
July 2026
Interior build-outs, last 24 months
4
Floors with interior work, last 24 months
1 and 2, cellar
Facade and sidewalk jobs, last 24 months
1
Sidewalk shed permit
Active until Nov 25, 2026

Recent build-outs

  • Floor 1May 2026Construction, Mechanical, Plumbing, Sprinklers; 2 jobs; est. $628,000
  • Floors 1 and 2May 2026Construction; est. $600,000
  • Floor 1, cellarMay 2026Plumbing, Sprinklers, Structural; 3 jobs; est. $160,000
  • Floor 1August 2025Construction, Plumbing; 2 jobs; est. $308,000

New jobs by year

  • 202113
  • 202212
  • 20238
  • 20243
  • 20252
  • 2026 to date9

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). 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.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about 139 Flatbush Avenue

How big is 139 Flatbush Avenue?

139 Flatbush Avenue has about 906,000 square feet of floor area in total, including 517,000 square feet of office and 389,000 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 139 Flatbush Avenue built?

City records list 2003 as the year built, with a major alteration recorded in 2020.

What other addresses does 139 Flatbush Avenue have?

City records list 125-151 Flatbush Avenue, 142-192 Fort Greene Place and 2-40 Hanson Place on the same tax lot (BBL 3020017501) as 139 Flatbush Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 139 Flatbush Avenue?

139 Flatbush Avenue is in ZIP code 11217, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 139 Flatbush Avenue, Brooklyn, NY 11217, in Downtown Brooklyn.

What is the zoning at 139 Flatbush Avenue?

The lot is in the C6-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.73 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 139 Flatbush Avenue?

The closest subway station to 139 Flatbush Avenue is Atlantic Av-Barclays Ctr (the 2, 3, 4, 5, B, D, N, Q and R trains), about 50 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: Lafayette Av (the C train), 4 min walk; Fulton St (the G train), 4 min walk. Walking times are straight-line estimates; the street route is longer.

Does 139 Flatbush Avenue have an energy grade?

139 Flatbush Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (too much of the floor area is classed as other uses), 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 69.2 kBtu per square foot, 43% above the national median of 48.5 for a similar property. Its greenhouse gas emissions were about 5,382 metric tons of CO2e (6.98 kg per square foot).

Is there construction at 139 Flatbush Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 9 jobs at 139 Flatbush Avenue. In the last two years, interior work was permitted on 2 floors (floors 1 and 2 and the cellar). The newest build-out, on floor 1, was first permitted in May 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $628,000). A sidewalk shed permit here is active until November 25, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 3020017501. 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 139 Flatbush Avenue?

The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 139 Flatbush Avenue (the sum of its 2 condominium tax lots), 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 3020017501 show what is actually billed.

What is the assessed value of 139 Flatbush Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 139 Flatbush Avenue at $232.9 million ($23 million of it land) and its assessed value at $104.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 14% from 2022/23 ($204.5 million) to 2026/27.

Are there vacant storefronts at 139 Flatbush Avenue?

Owners registered 31 storefronts at 139 Flatbush Avenue for December 31, 2024, the newest annual filing the city has published, and 6 of them stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 139 Flatbush Avenue?

No space at 139 Flatbush 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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