Factory and industrial building · Sunset Park, Brooklyn
201 42nd Street
Brooklyn, NY 11232
201 42nd Street is a 3-floor factory and industrial building in Sunset Park, Brooklyn, built in 1910, with about 103,000 square feet of industrial and storage space according to city records.
Also at 4101-4123 2nd Avenue, 202-218 41st Street and 203-229 42nd Street.
- Industrial and storage space
- 103K SF
- Floors
- 3
- Year built
- 1910
- Zoning
- M1-2
The 16th largest of the 31 industrial and storage buildings we track in Sunset Park. Compare it with 6 neighbors
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Compared with its neighbors
How 201 42nd Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 201 42nd Street ranks 4th of 7 by industrial and storage floor area. It went up in 1910; the median neighbor dates from 1913. Its estimated property tax, about $3.50 a square foot of floor area before abatements, is below the neighbors' median of $4.33.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 201 42nd Street | 103K SF | 3 | 1910 | $3.50 |
| 3913 2nd Avenue | 128K SF | 5 | 1927 | $4.13 |
| 4201 1st Avenue | 115K SF | 4 | 1907 | $3.76 |
| 4312 2nd Avenue | 581K SF | 6 | 1917 | $5.39 |
| 116 39th Street | 42K SF | 3 | 1931 | $3.98 |
| 142 44th Street | 38K SF | 1 | 1900 | $5.62 |
| 4502 2nd Avenue | 38K SF | 1 | 1910 | $4.53 |
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
- 4101-4123 2nd Avenue; 202-218 41st Street; 203-229 42nd Street
- ZIP code
- 11232
- Building type
- Factory and industrial building (city class F5)
- Total floor area
- 104,182 SF
- Commercial floor area
- 104,182 SF
- Office
- 1,000 SF
- Industrial and storage
- 103,182 SF
- Height
- 3 floors
- Average floor
- About 34,700 SF (floor area divided by floors)
- Year built
- 1910
- Last major alteration
- 2007
- Lot area
- 36,460 SF
- Zoning district
- M1-2
- Built FAR
- 2.86
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3007170001
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 201 42nd Street for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2025
- 1
- Vacant that day
- 0
- Share vacant across Sunset Park
- 11.4%
- Share vacant along 2nd Avenue
- 16.3%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in Sunset Park? Get matchedNYC storefront vacancy report
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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, as the owners filed them. The 2025 filing was due June 1, 2026, 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
Owner, property tax and assessed value
The Department of Finance lists SUNSET COMMERCIAL PROPERTY LLC as the owner of record. For tax year 2026/27 the city values 201 42nd Street at $9.64 million and assesses it at $4.34 million. After phase-ins and exemptions its taxable value is $3.36 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 $364,895 a year before abatements, roughly $3.50 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
- SUNSET COMMERCIAL PROPERTY LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $9,643,000
- Land market value
- $1,641,000
- Assessed value
- $4,339,350
- Taxable value (phased in)
- $3,933,540
- Exemptions
- $569,835
- Estimated yearly tax
- About $364,895
- Tax per SF of floor area
- About $3.50
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.
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NYC property records (ACRIS)
Sales history
201 42nd Street last sold in July 2007 for $8.76 million, according to the deed recorded with the city. SUNSET REALTY NY LLC sold it to SUNSET COMMERCIAL PROPERTY, LLC. That comes to about $84 per square foot of floor area.
- Last sale (deed date)
- July 11, 2007
- Price
- $8,763,000
- Price per SF of floor area
- About $84
- Seller
- SUNSET REALTY NY LLC
- Buyer
- SUNSET COMMERCIAL PROPERTY, LLC
- Deed recorded
- September 7, 2007
- ACRIS document
- 2007071700302001
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
201 42nd Street reported an ENERGY STAR score of 85 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 20.2 kBtu per square foot, 50% below the national median of 40.4 for a similar property. Its greenhouse gas emissions were about 152 metric tons of CO2e (1.74 kg per square foot).
- ENERGY STAR score (2024)
- 85 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 20.2 kBtu/SF
- National median for the type
- 40.4 kBtu/SF
- Greenhouse gas emissions
- 152 t CO2e
- Emissions per SF
- 1.74 kg CO2e
- Floor area in the filing
- 87,485 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, 201 42nd Street comes to about 124 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 472 tons for 2024 to 2029 (26% of the limit), so it would owe no penalty. From 2030 the limit drops to 129 tons and the same energy use counts as about 84 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 472 t CO2e
- Estimated emissions
- 124 t CO2e
- Under the limit by
- 349 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 129 t CO2e
- Estimated emissions
- 84 t CO2e
- Under the limit by
- 45 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: Office 28,635 SF; Distribution Center 3,000 SF; Non-Refrigerated Warehouse 55,850 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 201 42nd 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 201 42nd Street in the 12 months to October 2026; the last one was first permitted in June 2025. In the last two years, interior work was permitted on one floor (floor 2). The newest build-out, on floor 2 and the roof, was first permitted in June 2025 (mechanical; filed cost estimate $40,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- June 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 2
Recent build-outs
New jobs by year
Build-outs across Sunset 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 Sunset Park yet
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Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
What does $/SF/yr mean? How to calculate rent per square foot
$/SF/yr is a year's rent for one square foot. How to turn it into a monthly bill, spot a monthly quote, and see what the rate leaves out before you compare spaces.
Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Questions about 201 42nd Street
How big is 201 42nd Street?
201 42nd Street has about 104,000 square feet of floor area in total, including 1,000 square feet of office and 103,000 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 201 42nd Street built?
City records list 1910 as the year built, with a major alteration recorded in 2007. The building is 3 floors tall.
What other addresses does 201 42nd Street have?
City records list 4101-4123 2nd Avenue, 202-218 41st Street and 203-229 42nd Street on the same tax lot (BBL 3007170001) as 201 42nd Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 201 42nd Street?
201 42nd Street is in ZIP code 11232, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 201 42nd Street, Brooklyn, NY 11232, in Sunset Park.
What is the zoning at 201 42nd Street?
The lot is in the M1-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.86 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 201 42nd Street?
The closest subway station to 201 42nd Street is 45 St (the R train), about 0.3 miles away in a straight line, roughly 7 minutes on foot. Also nearby: 36 St (the D, N and R trains), 9 min walk; 53 St (the R train), 12 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 201 42nd Street?
The NYC Department of Finance's 2026/27 assessment roll lists SUNSET COMMERCIAL PROPERTY LLC as the owner of record of 201 42nd Street (BBL 3007170001). 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 201 42nd Street last sold?
201 42nd Street last sold in July 2007 for $8.76 million, according to the deed recorded with the city. SUNSET REALTY NY LLC sold it to SUNSET COMMERCIAL PROPERTY, LLC. That comes to about $84 per square foot of floor area. The deed is ACRIS document 2007071700302001 (BBL 3007170001) 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 201 42nd Street?
201 42nd Street reported an ENERGY STAR score of 85 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 85 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 20.2 kBtu per square foot, 50% below the national median of 40.4 for a similar property. Its greenhouse gas emissions were about 152 metric tons of CO2e (1.74 kg per square foot).
Does 201 42nd Street meet Local Law 97?
At its 2024 energy use, 201 42nd Street comes to about 124 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 472 tons for 2024 to 2029 (26% of the limit), so it would owe no penalty. From 2030 the limit drops to 129 tons and the same energy use counts as about 84 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 201 42nd Street?
The Department of Buildings issued no permits for new jobs at 201 42nd Street in the 12 months to October 2026; the last one was first permitted in June 2025. In the last two years, interior work was permitted on one floor (floor 2). The newest build-out, on floor 2 and the roof, was first permitted in June 2025 (mechanical; filed cost estimate $40,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3007170001. 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 201 42nd Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.36 million for 201 42nd Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $364,895 a year, roughly $3.50 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3007170001 show the actual bill.
What is the assessed value of 201 42nd Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 201 42nd Street at $9.64 million ($1.64 million of it land) and its assessed value at $4.34 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 27% from 2022/23 ($7.6 million) to 2026/27.
Are there vacant storefronts at 201 42nd Street?
Owners registered one storefront at 201 42nd Street for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there industrial and storage space for lease at 201 42nd Street?
No space at 201 42nd 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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Sunset Park
Transit hubs in Sunset Park
- D N R at 36 St
- R at 45 St
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