25 Elm Place

25 Elm Place has about 163,000 square feet of floor area in total, including 115,000 square feet of office and 31,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1920 as the year built, with a major alteration recorded in 1982. The building is 6 floors tall.

City records list 9-29 Elm Place, 484 Fulton Street and 229-241 Livingston Street on the same tax lot (BBL 3001580001) as 25 Elm Place. A space listed on Leasemark at any of these addresses shows up on this page.

25 Elm Place 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 25 Elm Place, Brooklyn, NY 11201, in Downtown Brooklyn.

The lot is in the C5-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.57 and a maximum commercial FAR of 10 for this lot.

The closest subway station to 25 Elm Place is Hoyt-Schermerhorn Sts (the A, C and G trains), about 450 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Hoyt St (the 2 and 3 trains), 2 min walk; DeKalb Av (the B, Q and R trains), 3 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists GC FULTON OWNER LLC as the owner of record of 25 Elm Place (BBL 3001580001). 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.

25 Elm Place last sold in March 2026 for $40 million, according to the deed recorded with the city. 490 LOWER UNIT LP sold it to GC FULTON OWNER LLC. That comes to about $246 per square foot of floor area. The deed is ACRIS document 2026040100294003 (BBL 3001580001) 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.

25 Elm Place reported an ENERGY STAR score of 84 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 84 earns a B. 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 41.4 kBtu per square foot, 42% below the national median of 71.7 for a similar property. Its greenhouse gas emissions were about 887 metric tons of CO2e (3.6 kg per square foot).

At its 2024 energy use, 25 Elm Place comes to about 718 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,871 tons for 2024 to 2029 (38% of the limit), so it would owe no penalty. From 2030 the limit drops to 664 tons and the same energy use counts as about 483 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.

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 25 Elm Place. In the last two years, interior work was permitted on 2 floors (floors 1 and 2 and the cellar). The newest build-out, on the cellar, was first permitted in March 2026 (structural; filed cost estimate $125,000). A sidewalk shed permit here is active until January 3, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 3001580001. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $8.34 million for 25 Elm Place. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $904,678 a year, roughly $5.55 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3001580001 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 25 Elm Place at $19.7 million ($4.65 million of it land) and its assessed value at $8.87 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 18% from 2022/23 ($16.8 million) to 2026/27.

No space at 25 Elm 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.