Factory and industrial building · Gowanus, Brooklyn
255 Butler Street
Brooklyn, NY 11217
255 Butler Street is a 4-floor factory and industrial building in Gowanus, Brooklyn, built in 1914, with about 100,000 square feet of industrial and storage space according to city records.
Also at 484-498 Baltic Street, 239-257 Butler Street and 206-224 Nevins Street.
- Industrial and storage space
- 100K SF
- Floors
- 4
- Year built
- 1914
- Zoning
- M1-4
The 6th largest of the 14 industrial and storage buildings we track in Gowanus. Compare it with 6 neighbors
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Compared with its neighbors
How 255 Butler Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 12 minute walk, 255 Butler Street ranks 3rd of 7 by industrial and storage floor area. Built in 1914, it is the oldest of them. Its estimated property tax, about $7.06 a square foot of floor area before abatements, is below the neighbors' median of $7.89.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 255 Butler Street | 100K SF | 4 | 1914 | $7.06 | Jan 2025, $13M |
| 313 Butler Street | 114K SF | 6 | 2021 | $9.86 | n/a |
| 312 3rd Avenue | 90K SF | 4 | 2003 | $6.96 | Oct 2008, $23.6M |
| Brooklyn Rapid Transit Company Central Power Station Engine House, 322 Third Avenue | 160K SF | 6 | 1931 | $10.12 | n/a |
| 300 3rd Avenue | 79K SF | 4 | 1959 | $7.70 | Dec 2020, $77M |
| 98 4th Street | 36K SF | 3 | 1931 | $5.02 | Mar 2006, $2M |
| 163 6th Street | 76K SF | 5 | 2017 | $8.08 | 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
- 484-498 Baltic Street; 239-257 Butler Street; 206-224 Nevins Street
- ZIP code
- 11217
- Building type
- Factory and industrial building (city class F2)
- Total floor area
- 99,500 SF
- Commercial floor area
- 99,500 SF
- Industrial and storage
- 99,500 SF
- Height
- 4 floors
- Average floor
- About 24,900 SF (floor area divided by floors)
- Year built
- 1914
- Last major alteration
- 1966
- Lot area
- 37,500 SF
- Zoning district
- M1-4
- Built FAR
- 2.65
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3004050027
Nearest subway
- Union St
- Atlantic Av-Barclays Ctr
- Bergen 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 BUTLER NY OWNER LLC as the owner of record. For tax year 2026/27 the city values 255 Butler Street at $15.8 million and assesses it at $7.13 million. After phase-ins and exemptions its taxable value is $6.48 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 $702,687 a year before abatements, roughly $7.06 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
- BUTLER NY OWNER LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $15,842,000
- Land market value
- $3,000,000
- Assessed value
- $7,128,900
- Taxable value (phased in)
- $6,477,570
- Estimated yearly tax
- About $702,687
- Tax per SF of floor area
- About $7.06
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
255 Butler Street last sold in January 2025 for $13 million, according to the deed recorded with the city. 255 BUTLER LLC sold it to BUTLER NY OWNER LLC. That comes to about $131 per square foot of floor area.
- Last sale (deed date)
- January 8, 2025
- Price
- $13,000,000
- Price per SF of floor area
- About $131
- Seller
- 255 BUTLER LLC
- Buyer
- BUTLER NY OWNER LLC
- Deed recorded
- January 15, 2025
- ACRIS document
- 2025011500302005
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
255 Butler Street's 2023 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
- ENERGY STAR score (2023)
- None given
- Property type (Portfolio Manager)
- Office
- Floor area in the filing
- 99,500 SF
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 (2023 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.
No industrial and storage space listed in Gowanus 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 255 Butler Street
How big is 255 Butler Street?
255 Butler Street has about 100,000 square feet of floor area in total, including 100,000 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 255 Butler Street built?
City records list 1914 as the year built, with a major alteration recorded in 1966. The building is 4 floors tall.
What other addresses does 255 Butler Street have?
City records list 484-498 Baltic Street, 239-257 Butler Street and 206-224 Nevins Street on the same tax lot (BBL 3004050027) as 255 Butler Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 255 Butler Street?
255 Butler Street is in ZIP code 11217, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 255 Butler Street, Brooklyn, NY 11217, in Gowanus.
What is the zoning at 255 Butler Street?
The lot is in the M1-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.65 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 255 Butler Street?
The closest subway station to 255 Butler Street is Union St (the R train), about 0.4 miles away in a straight line, roughly 7 minutes on foot. Also nearby: Atlantic Av-Barclays Ctr (the 2, 3, 4, 5, B, D, N, Q and R trains), 8 min walk; Bergen St (the F and G trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 255 Butler Street?
The NYC Department of Finance's 2026/27 assessment roll lists BUTLER NY OWNER LLC as the owner of record of 255 Butler Street (BBL 3004050027). 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 255 Butler Street last sold?
255 Butler Street last sold in January 2025 for $13 million, according to the deed recorded with the city. 255 BUTLER LLC sold it to BUTLER NY OWNER LLC. That comes to about $131 per square foot of floor area. The deed is ACRIS document 2025011500302005 (BBL 3004050027) 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 255 Butler Street have an energy grade?
255 Butler Street's 2023 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
What are the property taxes at 255 Butler Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.48 million for 255 Butler Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $702,687 a year, roughly $7.06 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3004050027 show the actual bill.
What is the assessed value of 255 Butler Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 255 Butler Street at $15.8 million ($3 million of it land) and its assessed value at $7.13 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 24% from 2022/23 ($12.7 million) to 2026/27.
Is there industrial and storage space for lease at 255 Butler Street?
No space at 255 Butler 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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