Warehouse · Flatlands, Brooklyn
1539 Troy Avenue
Brooklyn, NY 11203
1539 Troy Avenue is a 2-floor warehouse in Flatlands, Brooklyn, built in 1973, with about 37,000 square feet of industrial and storage space according to city records.
Also at 4400-4424 Glenwood Road and 1539-1559 Troy Avenue.
- Industrial and storage space
- 37K SF
- Floors
- 2
- Year built
- 1973
- Zoning
- M1-1
The 8th largest of the 8 industrial and storage buildings we track in Flatlands. Compare it with 6 neighbors
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Compared with its neighbors
How 1539 Troy Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 7 minute walk, 1539 Troy Avenue is the smallest by industrial and storage floor area. It went up in 1973; the median neighbor dates from 1953. Its estimated property tax, about $2.32 a square foot of floor area before abatements, is below the neighbors' median of $6.36.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 1539 Troy Avenue | 37K SF | 2 | 1973 | $2.32 |
| 761 East 42nd Street | 46K SF | 2 | 1950 | $6.36 |
| 4700 Glenwood Road | 84K SF | 3 | 1930 | $5.93 |
| 1635 Albany Avenue | 50K SF | 1 | 2013 | $7.86 |
| 4900 Glenwood Road | 82K SF | 3 | 1927 | $8.24 |
| 1476 Utica Avenue | 100K SF | 1 | 1956 | $2.99 |
| 1467 Utica Avenue | 68K SF | 2 | 1966 | Exempt |
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
- Other addresses
- 4400-4424 Glenwood Road; 1539-1559 Troy Avenue
- ZIP code
- 11203
- Building type
- Warehouse (city class E1)
- Total floor area
- 40,000 SF
- Commercial floor area
- 40,000 SF
- Office
- 3,000 SF
- Industrial and storage
- 37,000 SF
- Height
- 2 floors
- Year built
- 1973
- Lot area
- 45,000 SF
- Zoning district
- M1-1
- Built FAR
- 0.89
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3077280035
Nearest subway
- Flatbush Av-Brooklyn College
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 GLENTROY LLC as the owner of record. For tax year 2026/27 the city values 1539 Troy Avenue at $2.28 million and assesses it at $1.03 million. After phase-ins and exemptions its taxable value is $855,810; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $92,838 a year before abatements, roughly $2.32 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
- GLENTROY LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $2,284,000
- Land market value
- $686,000
- Assessed value
- $1,027,800
- Taxable value (phased in)
- $855,810
- Estimated yearly tax
- About $92,838
- Tax per SF of floor area
- About $2.32
City market value by tax year
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
1539 Troy Avenue last sold in February 2018 for $6.75 million, according to the deed recorded with the city. GLENCORD BUILDING CORP. sold it to GLENTROY LLC. That comes to about $169 per square foot of floor area.
- Last sale (deed date)
- February 13, 2018
- Price
- $6,750,000
- Price per SF of floor area
- About $169
- Seller
- GLENCORD BUILDING CORP.
- Buyer
- GLENTROY LLC
- Deed recorded
- February 23, 2018
- ACRIS document
- 2018021600503001
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.
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Questions about 1539 Troy Avenue
How big is 1539 Troy Avenue?
1539 Troy Avenue has about 40,000 square feet of floor area in total, including 3,000 square feet of office and 37,000 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 1539 Troy Avenue built?
City records list 1973 as the year built. The building is 2 floors tall.
What other addresses does 1539 Troy Avenue have?
City records list 4400-4424 Glenwood Road and 1539-1559 Troy Avenue on the same tax lot (BBL 3077280035) as 1539 Troy Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1539 Troy Avenue?
1539 Troy Avenue is in ZIP code 11203, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1539 Troy Avenue, Brooklyn, NY 11203, in Flatlands.
What is the zoning at 1539 Troy Avenue?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.89 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 1539 Troy Avenue?
The closest subway station to 1539 Troy Avenue is Flatbush Av-Brooklyn College (the 2 and 5 trains), about 0.7 miles away in a straight line, roughly 15 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Who owns 1539 Troy Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists GLENTROY LLC as the owner of record of 1539 Troy Avenue (BBL 3077280035). 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 1539 Troy Avenue last sold?
1539 Troy Avenue last sold in February 2018 for $6.75 million, according to the deed recorded with the city. GLENCORD BUILDING CORP. sold it to GLENTROY LLC. That comes to about $169 per square foot of floor area. The deed is ACRIS document 2018021600503001 (BBL 3077280035) 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 are the property taxes at 1539 Troy Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $855,810 for 1539 Troy Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $92,838 a year, roughly $2.32 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3077280035 show the actual bill.
What is the assessed value of 1539 Troy Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1539 Troy Avenue at $2.28 million ($686,000 of it land) and its assessed value at $1.03 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 45% from 2022/23 ($1.57 million) to 2026/27.
Is there industrial and storage space for lease at 1539 Troy Avenue?
No space at 1539 Troy 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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Flatlands
Transit hubs in Flatlands
- B46 bus on Utica Av
- 2 5 at Flatbush Av-Brooklyn College
- Belt Parkway