Big-box retail building · Red Hook, Brooklyn
21 Beard Street
Brooklyn, NY 11231
21 Beard Street is a 3-floor big-box retail building in Red Hook, Brooklyn, built in 2007, with about 337,000 square feet of retail space according to city records.
Part of Erie Basin Park. Also at 1-71 Beard Street.
- Retail space
- 337K SF
- Floors
- 3
- Year built
- 2007
- Zoning
- M1-1
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Compared with its neighbors
How 21 Beard Street compares
Next to the 5 nearest large retail buildings, all within a 18 minute walk, 21 Beard Street is the largest by retail floor area. Built in 2007, it is the newest of them. Its estimated property tax, about $7.99 a square foot of floor area before abatements, is above the neighbors' median of $6.77.
| Building | Retail space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 21 Beard Street | 337K SF | 3 | 2007 | $7.99 |
| 550 Hamilton Avenue | 139K SF | 1 | 1997 | $9.73 |
| 568 Hamilton Avenue | 65K SF | 1 | 1921 | Exempt |
| 1 12 St. Extension | 53K SF | 5 | 1968 | $7.31 |
| 73 12th Street | 51K SF | 1 | 2003 | $6.14 |
| 118 2nd Avenue | 85K SF | 1 | 2003 | $6.24 |
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
- Part of
- Erie Basin Park
- Other address
- 1-71 Beard Street
- ZIP code
- 11231
- Building type
- Big-box retail building (city class K8)
- Total floor area
- 336,534 SF
- Commercial floor area
- 336,534 SF
- Retail
- 336,534 SF
- Height
- 3 floors
- Average floor
- About 112,200 SF (floor area divided by floors)
- Year built
- 2007
- Lot area
- 2,081,305 SF
- Zoning district
- M1-1
- Built FAR
- 0.16
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3006120130
Nearest subway
- Smith-9 Sts
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 2 storefronts at 21 Beard Street for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2025
- 2
- Vacant that day
- 0
- Share vacant across Red Hook
- 5.3%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in Red Hook? 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 IKEA PROPERTY, INC. as the owner of record. For tax year 2026/27 the city values 21 Beard Street at $93.4 million and assesses it at $42 million. After phase-ins and exemptions its taxable value is $24.8 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 $2.69 million a year before abatements, roughly $7.99 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
- IKEA PROPERTY, INC.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $93,384,000
- Land market value
- $27,781,000
- Assessed value
- $42,022,800
- Taxable value (phased in)
- $37,780,470
- Exemptions
- $12,978,000
- Estimated yearly tax
- About $2.69 million
- Tax per SF of floor area
- About $7.99
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.
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NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 21 Beard Street in the 12 months to October 2026; the last one was first permitted in June 2024.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- June 2024
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Red HookWhere 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 Red Hook 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
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Retail lease terms in New York: percentage rent, escalations and more
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Questions about 21 Beard Street
How big is 21 Beard Street?
21 Beard Street has about 337,000 square feet of floor area in total, including 337,000 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 21 Beard Street built?
City records list 2007 as the year built. The building is 3 floors tall.
What other addresses does 21 Beard Street have?
City records list 1-71 Beard Street on the same tax lot (BBL 3006120130) as 21 Beard Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 21 Beard Street?
21 Beard Street is in ZIP code 11231, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 21 Beard Street, Brooklyn, NY 11231, in Red Hook.
What is the zoning at 21 Beard Street?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.16 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 21 Beard Street?
The closest subway station to 21 Beard Street is Smith-9 Sts (the F and G trains), about 0.9 miles away in a straight line, roughly 18 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 21 Beard Street?
The NYC Department of Finance's 2026/27 assessment roll lists IKEA PROPERTY, INC. as the owner of record of 21 Beard Street (BBL 3006120130). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 21 Beard Street?
The Department of Buildings issued no permits for new jobs at 21 Beard Street in the 12 months to October 2026; the last one was first permitted in June 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 3006120130. 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 21 Beard Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $24.8 million for 21 Beard Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.69 million a year, roughly $7.99 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3006120130 show the actual bill.
What is the assessed value of 21 Beard Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 21 Beard Street at $93.4 million ($27.8 million of it land) and its assessed value at $42 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 23% from 2022/23 ($75.9 million) to 2026/27.
Are there vacant storefronts at 21 Beard Street?
Owners registered 2 storefronts at 21 Beard Street for December 31, 2025, the newest annual filing the city has published, and none stood 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 retail space for lease at 21 Beard Street?
No space at 21 Beard 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 Red Hook
- F G at Smith-9 Sts
- NYC Ferry at Red Hook/Atlantic Basin