Warehouse · Greenpoint, Brooklyn
274 Russell Street
Brooklyn, NY 11222
274 Russell Street is a 1-floor warehouse in Greenpoint, Brooklyn, built in 1960, with about 53,000 square feet of industrial and storage space according to city records.
Also at 333 North Henry Street.
- Industrial and storage space
- 53K SF
- Floors
- 1
- Year built
- 1960
- Zoning
- M1-1
The 13th largest of the 18 industrial and storage buildings we track in Greenpoint. Compare it with 6 neighbors
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Compared with its neighbors
How 274 Russell Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 6 minute walk, 274 Russell Street ranks 5th of 7 by industrial and storage floor area. It went up in 1960; the median neighbor dates from 1947. Its estimated property tax, about $6.42 a square foot of floor area before abatements, is above the neighbors' median of $4.85.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 274 Russell Street | 53K SF | 1 | 1960 | $6.42 | Dec 2024, $30M |
| 247 Meserole Avenue | 80K SF | 2 | 1963 | $3.26 | n/a |
| 222 Meserole Avenue | 41K SF | 1 | 1931 | $4.64 | Jun 2005, $4.6M |
| 400 Kingsland Avenue | 42K SF | n/a | 1968 | $14.08 | Dec 2024, $120M |
| 425 Greenpoint Avenue | 100K SF | 5 | 1931 | $4.96 | Oct 2013, $10.5M |
| 236 Greenpoint Avenue | 204K SF | 6 | 1931 | $4.73 | n/a |
| 295 Norman Avenue | 58K SF | 2 | 1971 | $7.10 | Dec 2021, $38M |
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 address
- 333 North Henry Street
- ZIP code
- 11222
- Building type
- Warehouse (city class E1)
- Total floor area
- 55,500 SF
- Commercial floor area
- 55,500 SF
- Office
- 2,700 SF
- Industrial and storage
- 52,800 SF
- Height
- 1 floor
- Year built
- 1960
- Lot area
- 70,000 SF
- Zoning district
- M1-1
- Built FAR
- 0.79
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3025830001
Nearest subway
- Greenpoint Av
- Nassau Av
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 BLUSV II NY 333 N HENRY STREET LLC as the owner of record. For tax year 2026/27 the city values 274 Russell Street at $8.55 million and assesses it at $3.85 million. After phase-ins and exemptions its taxable value is $3.28 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 $356,171 a year before abatements, roughly $6.42 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
- BLUSV II NY 333 N HENRY STREET LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $8,548,000
- Land market value
- $1,260,000
- Assessed value
- $3,846,600
- Taxable value (phased in)
- $3,283,290
- Estimated yearly tax
- About $356,171
- Tax per SF of floor area
- About $6.42
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
274 Russell Street last sold in December 2024 for $30 million, according to the deed recorded with the city. 333 NORTH HENRY LLC sold it to BLUSV II NY 333 N HENRY STREET LLC. That comes to about $541 per square foot of floor area.
- Last sale (deed date)
- December 16, 2024
- Price
- $30,000,000
- Price per SF of floor area
- About $541
- Seller
- 333 NORTH HENRY LLC
- Buyer
- BLUSV II NY 333 N HENRY STREET LLC
- Deed recorded
- December 27, 2024
- ACRIS document
- 2024122300090001
Recorded sales
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
274 Russell Street reported an ENERGY STAR score of 22 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 90 kBtu per square foot, 63% above the national median of 55.2 for a similar property. Its greenhouse gas emissions were about 547 metric tons of CO2e (9.86 kg per square foot).
- ENERGY STAR score (2024)
- 22 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Refrigerated Warehouse
- Site energy use intensity
- 90 kBtu/SF
- National median for the type
- 55.2 kBtu/SF
- Greenhouse gas emissions
- 547 t CO2e
- Emissions per SF
- 9.86 kg CO2e
- Floor area in the filing
- 55,500 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, 274 Russell Street comes to about 409 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 548 tons for 2024 to 2029 (75% of the limit), so it would owe no penalty. From 2030 the limit drops to 158 tons and the same energy use counts as about 217 tons, about 59 tons over, or an estimated $16,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 548 t CO2e
- Estimated emissions
- 409 t CO2e
- Under the limit by
- 139 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 158 t CO2e
- Estimated emissions
- 217 t CO2e
- Over the limit by
- 59 t CO2e
- Estimated penalty a year
- $16,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Refrigerated Warehouse 55,500 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.
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No industrial and storage space listed in Greenpoint yet
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Questions about 274 Russell Street
How big is 274 Russell Street?
274 Russell Street has about 56,000 square feet of floor area in total, including 3,000 square feet of office and 53,000 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 274 Russell Street built?
City records list 1960 as the year built. The building is 1 floor tall.
What other addresses does 274 Russell Street have?
City records list 333 North Henry Street on the same tax lot (BBL 3025830001) as 274 Russell Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 274 Russell Street?
274 Russell Street is in ZIP code 11222, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 274 Russell Street, Brooklyn, NY 11222, in Greenpoint.
What is the zoning at 274 Russell Street?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.79 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 274 Russell Street?
The closest subway station to 274 Russell Street is Greenpoint Av (the G train), about 0.5 miles away in a straight line, roughly 10 minutes on foot. The MTA lists it as an accessible station. Also nearby: Nassau Av (the G train), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 274 Russell Street?
The NYC Department of Finance's 2026/27 assessment roll lists BLUSV II NY 333 N HENRY STREET LLC as the owner of record of 274 Russell Street (BBL 3025830001). 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 274 Russell Street last sold?
274 Russell Street last sold in December 2024 for $30 million, according to the deed recorded with the city. 333 NORTH HENRY LLC sold it to BLUSV II NY 333 N HENRY STREET LLC. That comes to about $541 per square foot of floor area. The deed is ACRIS document 2024122300090001 (BBL 3025830001) 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 274 Russell Street?
274 Russell Street reported an ENERGY STAR score of 22 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 22 earns a D. 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 90 kBtu per square foot, 63% above the national median of 55.2 for a similar property. Its greenhouse gas emissions were about 547 metric tons of CO2e (9.86 kg per square foot).
Does 274 Russell Street meet Local Law 97?
At its 2024 energy use, 274 Russell Street comes to about 409 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 548 tons for 2024 to 2029 (75% of the limit), so it would owe no penalty. From 2030 the limit drops to 158 tons and the same energy use counts as about 217 tons, about 59 tons over, or an estimated $16,000 a year unless the building cuts its emissions. 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.
What are the property taxes at 274 Russell Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.28 million for 274 Russell Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $356,171 a year, roughly $6.42 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3025830001 show the actual bill.
What is the assessed value of 274 Russell Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 274 Russell Street at $8.55 million ($1.26 million of it land) and its assessed value at $3.85 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 49% from 2022/23 ($5.73 million) to 2026/27.
Is there industrial and storage space for lease at 274 Russell Street?
No space at 274 Russell 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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Greenpoint
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