Big-box retail building · Coney Island, Brooklyn
1509 Hart Place
Brooklyn, NY 11224
1509 Hart Place is a 1-floor big-box retail building in Coney Island, Brooklyn, built in 1959, with about 39,000 square feet of retail space according to city records.
Also at 3045 Cropsey Avenue.
- Retail space
- 39K SF
- Floors
- 1
- Year built
- 1959
- Zoning
- M1-2
The 5th largest of the 6 retail buildings we track in Coney Island. Compare it with 5 neighbors
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Compared with its neighbors
How 1509 Hart Place compares
Next to the 5 nearest large retail buildings, all within a 13 minute walk, 1509 Hart Place ranks 5th of 6 by retail floor area. It went up in 1959; the median neighbor dates from 1961. Its estimated property tax, about $15.16 a square foot of floor area before abatements, is above the neighbors' median of $9.64.
| Building | Retail space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 1509 Hart Place | 39K SF | 1 | 1959 | $15.16 | Jun 2020, $18.3M |
| 2965 Cropsey Avenue | 46K SF | 1 | 1970 | $12.49 | n/a |
| 2970 Cropsey Avenue | 149K SF | 1 | 2002 | $11.16 | n/a |
| 1204 Neptune Avenue | 37K SF | 1 | 1961 | $8.11 | n/a |
| Coney Island Theater Building, 1301 Surf Avenue | 116K SF | 7 | 1925 | $0.33 | Dec 2015, $14M |
| Child's Restaurant Building, 3052 West 21st Street | 56K SF | 3 | 1923 | Exempt | 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
- 3045 Cropsey Avenue
- ZIP code
- 11224
- Building type
- Big-box retail building (city class K8)
- Total floor area
- 39,350 SF
- Commercial floor area
- 39,350 SF
- Retail
- 39,350 SF
- Height
- 1 floor
- Year built
- 1959
- Last major alteration
- 2003
- Lot area
- 99,114 SF
- Zoning district
- M1-2
- Built FAR
- 0.4
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3069970117
Nearest subway
- Coney Island-Stillwell Av
- Bay 50 St
- Neptune Av
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 3035 CROPSEY AVENUE, LLC as the owner of record. For tax year 2026/27 the city values 1509 Hart Place at $15.8 million and assesses it at $7.1 million. After phase-ins and exemptions its taxable value is $5.5 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 $596,735 a year before abatements, roughly $15.16 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
- 3035 CROPSEY AVENUE, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $15,775,000
- Land market value
- $2,478,000
- Assessed value
- $7,098,750
- Taxable value (phased in)
- $5,924,110
- Exemptions
- $423,232
- Estimated yearly tax
- About $596,735
- Tax per SF of floor area
- About $15.16
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 1509 Hart Place? 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
1509 Hart Place last sold in June 2020 for $18.3 million, according to the deed recorded with the city. AFAM, LLC, AM CONEY ISLAND, INC. and others sold it to 3035 CROPSEY AVENUE, LLC. That comes to about $465 per square foot of floor area.
- Last sale (deed date)
- June 16, 2020
- Price
- $18,294,750
- Price per SF of floor area
- About $465
- Seller
- AFAM, LLC, AM CONEY ISLAND, INC. and others
- Buyer
- 3035 CROPSEY AVENUE, LLC
- Deed recorded
- June 22, 2020
- ACRIS document
- 2020061700247002
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
1509 Hart Place reported an ENERGY STAR score of 94 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 37.7 kBtu per square foot, 50% below the national median of 75.3 for a similar property. Its greenhouse gas emissions were about 127 metric tons of CO2e (3.22 kg per square foot).
- ENERGY STAR score (2024)
- 94 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Retail Store
- Site energy use intensity
- 37.7 kBtu/SF
- National median for the type
- 75.3 kBtu/SF
- Greenhouse gas emissions
- 127 t CO2e
- Emissions per SF
- 3.22 kg CO2e
- Floor area in the filing
- 39,350 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, 1509 Hart Place comes to about 103 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 298 tons for 2024 to 2029 (35% of the limit), so it would owe no penalty. From 2030 the limit drops to 83 tons and the same energy use counts as about 71 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 298 t CO2e
- Estimated emissions
- 103 t CO2e
- Under the limit by
- 195 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 83 t CO2e
- Estimated emissions
- 71 t CO2e
- Under the limit by
- 12 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: Retail Store 39,350 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 1509 Hart Place? 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 1509 Hart Place in the 12 months to October 2026; the last one was first permitted in January 2023.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- January 2023
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Coney IslandWhere 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 retail space listed in Coney Island yet
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Before you sign
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Questions about 1509 Hart Place
How big is 1509 Hart Place?
1509 Hart Place has about 39,000 square feet of floor area in total, including 39,000 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 1509 Hart Place built?
City records list 1959 as the year built, with a major alteration recorded in 2003. The building is 1 floor tall.
What other addresses does 1509 Hart Place have?
City records list 3045 Cropsey Avenue on the same tax lot (BBL 3069970117) as 1509 Hart Place. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1509 Hart Place?
1509 Hart Place is in ZIP code 11224, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1509 Hart Place, Brooklyn, NY 11224, in Coney Island.
What is the zoning at 1509 Hart Place?
The lot is in the M1-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.4 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 1509 Hart Place?
The closest subway station to 1509 Hart Place is Coney Island-Stillwell Av (the D, F, N and Q trains), about 0.4 miles away in a straight line, roughly 7 minutes on foot. The MTA lists it as an accessible station. Also nearby: Bay 50 St (the D train), 10 min walk; Neptune Av (the F train), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 1509 Hart Place?
The NYC Department of Finance's 2026/27 assessment roll lists 3035 CROPSEY AVENUE, LLC as the owner of record of 1509 Hart Place (BBL 3069970117). 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 1509 Hart Place last sold?
1509 Hart Place last sold in June 2020 for $18.3 million, according to the deed recorded with the city. AFAM, LLC, AM CONEY ISLAND, INC. and others sold it to 3035 CROPSEY AVENUE, LLC. That comes to about $465 per square foot of floor area. The deed is ACRIS document 2020061700247002 (BBL 3069970117) 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 1509 Hart Place?
1509 Hart Place reported an ENERGY STAR score of 94 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 94 earns an A. 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 37.7 kBtu per square foot, 50% below the national median of 75.3 for a similar property. Its greenhouse gas emissions were about 127 metric tons of CO2e (3.22 kg per square foot).
Does 1509 Hart Place meet Local Law 97?
At its 2024 energy use, 1509 Hart Place comes to about 103 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 298 tons for 2024 to 2029 (35% of the limit), so it would owe no penalty. From 2030 the limit drops to 83 tons and the same energy use counts as about 71 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.
Is there construction at 1509 Hart Place?
The Department of Buildings issued no permits for new jobs at 1509 Hart Place in the 12 months to October 2026; the last one was first permitted in January 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 3069970117. 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 1509 Hart Place?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.5 million for 1509 Hart Place. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $596,735 a year, roughly $15.16 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3069970117 show the actual bill.
What is the assessed value of 1509 Hart Place?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1509 Hart Place at $15.8 million ($2.48 million of it land) and its assessed value at $7.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 26% from 2022/23 ($12.6 million) to 2026/27.
Is there retail space for lease at 1509 Hart Place?
No space at 1509 Hart Place 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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