Office building with commercial space · Dumbo, Brooklyn
175 Pearl Street
Brooklyn, NY 11201
175 Pearl Street is a 9-floor office building with commercial space in Dumbo, Brooklyn, built in 1918, with about 151,000 square feet of office space according to city records.
Also at 85-95 High Street, 157-179 Pearl Street and 74-82 Sands Street.
- Office space
- 151K SF
- Floors
- 9
- Year built
- 1918
- Zoning
- M1-6/R10
The 9th largest of the 16 office buildings we track in Dumbo. Compare it with 6 neighbors
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Compared with its neighbors
How 175 Pearl Street compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 175 Pearl Street ranks 5th of 7 by office floor area. It went up in 1918; the median neighbor dates from 1940. Its estimated property tax, about $11.76 a square foot of floor area before abatements, is above the neighbors' median of $10.57.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 175 Pearl Street | 151K SF | 9 | 1918 | $11.76 | May 2024, $66.5M |
| 77 Sands Street | 207K SF | 12 | 1962 | $12.06 | Mar 2017, $121M |
| 117 Adams Street | 172K SF | 8 | 1926 | $14.25 | Mar 2017, $98.5M |
| 81 Prospect Street | 85K SF | 9 | 1909 | $10.57 | May 2024, $33.8M |
| 55 Prospect Street | 237K SF | 10 | 1967 | $10.24 | Mar 2017, $138M |
| 160 Adams Street | 66K SF | 3 | 1955 | Exempt | n/a |
| Howard Building, 146 Concord Street | 253K SF | 12 | 1915 | $8.38 | 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 addresses
- 85-95 High Street; 157-179 Pearl Street; 74-82 Sands Street
- ZIP code
- 11201
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 184,965 SF
- Commercial floor area
- 184,965 SF
- Office
- 151,465 SF
- Retail
- 21,000 SF
- Industrial and storage
- 5,900 SF
- Height
- 9 floors
- Average floor
- About 20,600 SF (floor area divided by floors)
- Year built
- 1918
- Last major alteration
- 2015
- Lot area
- 21,218 SF
- Zoning district
- M1-6/R10
- Built FAR
- 8.72
- Max commercial FAR
- 10
- Tax lot (BBL)
- 3000870005
Nearest subway
- York St
- High St
- Clark St
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 175 PEARL STREET LLC as the owner of record. For tax year 2026/27 the city values 175 Pearl Street at $45.4 million and assesses it at $20.4 million. After phase-ins and exemptions its taxable value is $20 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 $2.17 million a year before abatements, roughly $11.76 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
- 175 PEARL STREET LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $45,411,000
- Land market value
- $3,713,000
- Assessed value
- $20,434,950
- Taxable value (phased in)
- $20,047,030
- Estimated yearly tax
- About $2.17 million
- Tax per SF of floor area
- About $11.76
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; 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 175 Pearl 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
175 Pearl Street last sold in May 2024 for $66.5 million, according to the deed recorded with the city. MAPLE 3P KRL 175 PEARL OWNER, LLC sold it to 175 PEARL STREET LLC. That comes to about $360 per square foot of floor area.
- Last sale (deed date)
- May 29, 2024
- Price
- $66,500,000
- Price per SF of floor area
- About $360
- Seller
- MAPLE 3P KRL 175 PEARL OWNER, LLC
- Buyer
- 175 PEARL STREET LLC
- Deed recorded
- June 4, 2024
- ACRIS document
- 2024053000968001
Recorded sales
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 use and emissions
175 Pearl Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Floor area in the filing
- 204,000 SF
- ENERGY STAR certified
- 2021, 2022, 2023
ENERGY STAR score by year
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.
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 1 job at 175 Pearl Street. In the last two years, interior work was permitted on 23 floors (floors 1 to 23 and the cellar). The newest build-out, on floors 1 to 23, the cellar and the open space, was first permitted in February 2025 (construction, standpipe, structural, construction fence, neighbor protection, earth work, foundation; filed cost estimate $54 million). A sidewalk shed permit here is active until November 16, 2026.
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 6
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1 to 23, cellar
- Facade and sidewalk jobs, last 24 months
- 4
- Sidewalk shed permit
- Active until Nov 16, 2026
Recent build-outs
New jobs by year
Build-outs across DumboWhere 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 Dumbo yet
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Questions about 175 Pearl Street
How big is 175 Pearl Street?
175 Pearl Street has about 185,000 square feet of floor area in total, including 151,000 square feet of office, 21,000 square feet of retail and 6,000 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 175 Pearl Street built?
City records list 1918 as the year built, with a major alteration recorded in 2015. The building is 9 floors tall.
What other addresses does 175 Pearl Street have?
City records list 85-95 High Street, 157-179 Pearl Street and 74-82 Sands Street on the same tax lot (BBL 3000870005) as 175 Pearl Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 175 Pearl Street?
175 Pearl Street is in ZIP code 11201, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 175 Pearl Street, Brooklyn, NY 11201, in Dumbo.
What is the zoning at 175 Pearl Street?
The lot is in the M1-6/R10 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.72 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 175 Pearl Street?
The closest subway station to 175 Pearl Street is York St (the F train), about 700 feet away in a straight line, roughly 3 minutes on foot. Also nearby: High St (the A and C trains), 3 min walk; Clark St (the 2 and 3 trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 175 Pearl Street?
The NYC Department of Finance's 2026/27 assessment roll lists 175 PEARL STREET LLC as the owner of record of 175 Pearl Street (BBL 3000870005). 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 175 Pearl Street last sold?
175 Pearl Street last sold in May 2024 for $66.5 million, according to the deed recorded with the city. MAPLE 3P KRL 175 PEARL OWNER, LLC sold it to 175 PEARL STREET LLC. That comes to about $360 per square foot of floor area. The deed is ACRIS document 2024053000968001 (BBL 3000870005) 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.
Does 175 Pearl Street have an energy grade?
175 Pearl Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
Is there construction at 175 Pearl Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 175 Pearl Street. In the last two years, interior work was permitted on 23 floors (floors 1 to 23 and the cellar). The newest build-out, on floors 1 to 23, the cellar and the open space, was first permitted in February 2025 (construction, standpipe, structural, construction fence, neighbor protection, earth work, foundation; filed cost estimate $54 million). A sidewalk shed permit here is active until November 16, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 3000870005. 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 175 Pearl Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $20 million for 175 Pearl Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.17 million a year, roughly $11.76 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3000870005 show the actual bill.
What is the assessed value of 175 Pearl Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 175 Pearl Street at $45.4 million ($3.71 million of it land) and its assessed value at $20.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 4% from 2022/23 ($43.5 million) to 2026/27.
Is there office space for lease at 175 Pearl Street?
No space at 175 Pearl 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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Transit hubs in Dumbo
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- A C at High St
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