Warehouse · Canarsie, Brooklyn
331 East 88th Street
Brooklyn, NY 11236
331 East 88th Street is a 1-floor warehouse in Canarsie, Brooklyn, built in 1960, with about 44,000 square feet of industrial and storage space according to city records.
Also at 301 East 88th Street, 305 East 88th Street, 311 East 88th Street, 315 East 88th Street and 2 more.
- Industrial and storage space
- 44K SF
- Floors
- 1
- Year built
- 1960
- Zoning
- M1-1
The 21st largest of the 25 industrial and storage buildings we track in Canarsie. Compare it with 6 neighbors
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Compared with its neighbors
How 331 East 88th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 11 minute walk, 331 East 88th Street ranks 6th of 7 by industrial and storage floor area. It went up in 1960; the median neighbor dates from 1960. Its estimated property tax, about $2.46 a square foot of floor area before abatements, is below the neighbors' median of $4.72.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 331 East 88th Street | 44K SF | 1 | 1960 | $2.46 | n/a |
| 909 Remsen Avenue | 85K SF | 1 | 1956 | $4.68 | Jun 2023, $28M |
| 827 East 92nd Street | 55K SF | 2 | 1957 | $4.77 | n/a |
| 9502 Avenue D | 38K SF | 1 | 1964 | $7.18 | n/a |
| 1250 Rockaway Avenue | 147K SF | 2 | 1959 | $6.30 | n/a |
| 9801 Avenue D | 151K SF | 1 | 1970 | $4.02 | n/a |
| 723 Bristol Street | 46K SF | 1 | 1961 | $2.75 | Aug 2025, $8M |
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
- 301 East 88th Street; 305 East 88th Street; 311 East 88th Street; 315 East 88th Street; 314-324 East 89th Street; 328-338 East 89th Street
- ZIP code
- 11236
- Building type
- Warehouse (city class E1)
- Total floor area
- 44,000 SF
- Commercial floor area
- 44,000 SF
- Industrial and storage
- 44,000 SF
- Height
- 1 floor
- Year built
- 1960
- Lot area
- 44,000 SF
- Zoning district
- M1-1
- Built FAR
- 1
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3079240126
Nearest subway
- Canarsie-Rockaway Pkwy
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 DITMAS ASSOCIATES as the owner of record. For tax year 2026/27 the city values 331 East 88th Street at $2.92 million and assesses it at $1.31 million. After phase-ins and exemptions its taxable value is $996,573; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $108,108 a year before abatements, roughly $2.46 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
- DITMAS ASSOCIATES
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $2,919,000
- Land market value
- $902,000
- Assessed value
- $1,313,550
- Taxable value (phased in)
- $996,573
- Estimated yearly tax
- About $108,108
- Tax per SF of floor area
- About $2.46
City market value by tax year
Source: 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 2026-10-09; 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 331 East 88th Street in the 12 months to October 2026; the last one was first permitted in January 2024.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- January 2024
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across CanarsieWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). 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.
Before you sign
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Questions about 331 East 88th Street
How big is 331 East 88th Street?
331 East 88th Street has about 44,000 square feet of floor area in total, including 44,000 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 331 East 88th Street built?
City records list 1960 as the year built. The building is 1 floor tall.
What other addresses does 331 East 88th Street have?
City records list 301 East 88th Street, 305 East 88th Street, 311 East 88th Street, 315 East 88th Street, 314-324 East 89th Street and 328-338 East 89th Street on the same tax lot (BBL 3079240126) as 331 East 88th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 331 East 88th Street?
331 East 88th Street is in ZIP code 11236, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 331 East 88th Street, Brooklyn, NY 11236, in Canarsie.
What is the zoning at 331 East 88th Street?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 331 East 88th Street?
The closest subway station to 331 East 88th Street is Canarsie-Rockaway Pkwy (the L train), about 0.7 miles away in a straight line, roughly 14 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Who owns 331 East 88th Street?
The NYC Department of Finance's 2026/27 assessment roll lists DITMAS ASSOCIATES as the owner of record of 331 East 88th Street (BBL 3079240126). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 331 East 88th Street?
The Department of Buildings issued no permits for new jobs at 331 East 88th Street in the 12 months to October 2026; the last one was first permitted in January 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 3079240126. 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 331 East 88th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $996,573 for 331 East 88th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $108,108 a year, roughly $2.46 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3079240126 show the actual bill.
What is the assessed value of 331 East 88th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 331 East 88th Street at $2.92 million ($902,000 of it land) and its assessed value at $1.31 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 86% from 2022/23 ($1.57 million) to 2026/27.
Is there industrial and storage space for lease at 331 East 88th Street?
No space at 331 East 88th 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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Canarsie
Transit hubs in Canarsie
- L at Canarsie-Rockaway Pkwy
- L at East 105 St
- Belt Parkway