Office condominium · Downtown Brooklyn, Brooklyn
250 Jay Street
Brooklyn, NY 11201
250 Jay Street is a 5-floor office condominium in Downtown Brooklyn, Brooklyn, built in 1907, with about 51,000 square feet of office space according to city records.
Also at 240 Jay Street.
- Office space
- 51K SF
- Floors
- 5
- Year built
- 1907
- Zoning
- R7-1
The 59th largest of the 63 office buildings we track in Downtown Brooklyn. Compare it with 6 neighbors
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Compared with its neighbors
How 250 Jay Street compares
Next to the 6 nearest large office buildings, all within a 4 minute walk, 250 Jay Street is the smallest by office floor area. Built in 1907, it is the oldest of them. Its estimated property tax, about $5.95 a square foot of floor area before abatements, is below the neighbors' median of $8.38.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 250 Jay Street | 51K SF | 5 | 1907 | $5.95 |
| Howard Building, 146 Concord Street | 253K SF | 12 | 1915 | $8.38 |
| 330 Jay Street | 978K SF | 32 | 2002 | $1.90 |
| 175 Pearl Street | 151K SF | 9 | 1918 | $11.76 |
| 160 Adams Street | 66K SF | 3 | 1955 | Exempt |
| 157 Flatbush Avenue Ext | 141K SF | 7 | 1993 | Exempt |
| 132 Flatbush Avenue Ext | 93K SF | 5 | 1993 | 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 address
- 240 Jay Street
- ZIP code
- 11201
- Building type
- Office condominium (city class RB)
- Total floor area
- 51,026 SF
- Commercial floor area
- 51,026 SF
- Office
- 51,026 SF
- Height
- 5 floors
- Average floor
- About 10,200 SF (floor area divided by floors)
- Year built
- 1907
- Last major alteration
- 1983
- Lot area
- 19,700 SF
- Zoning district
- R7-1
- Built FAR
- 2.59
- Tax lot (BBL)
- 3000867501
Nearest subway
- High St
- Borough Hall
- 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
250 Jay Street is a condominium of 2 tax lots. ST JAMES APTS INC, one of 2 owners of record on the roll, owns the units that make up 59% of its market value. For tax year 2026/27 the city values 250 Jay Street at $10.5 million and assesses it at $4.72 million. After phase-ins and exemptions its taxable value is $2.8 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 $303,593 a year before abatements, roughly $5.95 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.
- Largest unit owner
- ST JAMES APTS INC (59% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $10,495,000
- Land market value
- $746,000
- Assessed value
- $4,722,750
- Taxable value (phased in)
- $4,705,297
- Exemptions
- $1,906,687
- Estimated yearly tax
- About $303,593
- Tax per SF of floor area
- About $5.95
- Condominium tax lots
- 2
- Owners of record
- 2
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, summed over 2 condominium tax lots; 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 250 Jay Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
250 Jay Street reported an ENERGY STAR score of 61 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 41.1 kBtu per square foot, 11% below the national median of 46.2 for a similar property. Its greenhouse gas emissions were about 196 metric tons of CO2e (3.84 kg per square foot).
- ENERGY STAR score (2024)
- 61 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- K-12 School
- Site energy use intensity
- 41.1 kBtu/SF
- National median for the type
- 46.2 kBtu/SF
- Greenhouse gas emissions
- 196 t CO2e
- Emissions per SF
- 3.84 kg CO2e
- Floor area in the filing
- 51,026 SF
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, 250 Jay Street comes to about 155 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 344 tons for 2024 to 2029 (45% of the limit), so it would owe no penalty. From 2030 the limit drops to 114 tons and the same energy use counts as about 97 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 344 t CO2e
- Estimated emissions
- 155 t CO2e
- Under the limit by
- 190 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 114 t CO2e
- Estimated emissions
- 97 t CO2e
- Under the limit by
- 17 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: K-12 School 51,026 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 250 Jay 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 250 Jay Street in the 12 months to October 2026; the last one was first permitted in August 2025. In the last two years, interior work was permitted on the cellar. The newest build-out, on the cellar, was first permitted in August 2025 (sprinklers; filed cost estimate $15,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- August 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- Cellar
Recent build-outs
New jobs by year
Build-outs across Downtown BrooklynWhere 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 Downtown Brooklyn yet
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Before you sign
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Questions about 250 Jay Street
How big is 250 Jay Street?
250 Jay Street has about 51,000 square feet of floor area in total, including 51,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 250 Jay Street built?
City records list 1907 as the year built, with a major alteration recorded in 1983. The building is 5 floors tall.
What other addresses does 250 Jay Street have?
City records list 240 Jay Street on the same tax lot (BBL 3000867501) as 250 Jay Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 250 Jay Street?
250 Jay 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 250 Jay Street, Brooklyn, NY 11201, in Downtown Brooklyn.
What is the zoning at 250 Jay Street?
The lot is in the R7-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.59 for this lot.
What subway station is closest to 250 Jay Street?
The closest subway station to 250 Jay Street is High St (the A and C trains), about 0.2 miles away in a straight line, roughly 5 minutes on foot. Also nearby: Borough Hall (the 2, 3, 4, 5 and R trains, connected to Court St), 6 min walk; Clark St (the 2 and 3 trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 250 Jay Street?
250 Jay Street is a condominium of 2 tax lots. ST JAMES APTS INC, one of 2 owners of record on the roll, owns the units that make up 59% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 3000867501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
What is the energy grade of 250 Jay Street?
250 Jay Street reported an ENERGY STAR score of 61 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 61 earns a C. 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 41.1 kBtu per square foot, 11% below the national median of 46.2 for a similar property. Its greenhouse gas emissions were about 196 metric tons of CO2e (3.84 kg per square foot).
Does 250 Jay Street meet Local Law 97?
At its 2024 energy use, 250 Jay Street comes to about 155 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 344 tons for 2024 to 2029 (45% of the limit), so it would owe no penalty. From 2030 the limit drops to 114 tons and the same energy use counts as about 97 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 250 Jay Street?
The Department of Buildings issued no permits for new jobs at 250 Jay Street in the 12 months to October 2026; the last one was first permitted in August 2025. In the last two years, interior work was permitted on the cellar. The newest build-out, on the cellar, was first permitted in August 2025 (sprinklers; filed cost estimate $15,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3000867501. 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 250 Jay Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.8 million for 250 Jay Street (the sum of its 2 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $303,593 a year, roughly $5.95 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3000867501 show the actual bill.
What is the assessed value of 250 Jay Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 250 Jay Street at $10.5 million ($746,000 of it land) and its assessed value at $4.72 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 8% from 2022/23 ($9.72 million) to 2026/27.
Is there office space for lease at 250 Jay Street?
No space at 250 Jay 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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