Office building with commercial space · Downtown Brooklyn, Brooklyn

38 Flatbush Avenue

Brooklyn, NY 11217

38 Flatbush Avenue is a 7-floor office building with commercial space in Downtown Brooklyn, Brooklyn, built in 1971, with about 195,000 square feet of office space according to city records.

Also at 10 Flatbush Avenue, 20 Flatbush Avenue, 30 Flatbush Avenue, 309-339 Livingston Street and 1 more.

Office space: 195K SF
Floors: 7
Year built: 1971
Zoning: C6-4

Office space next to its nearest neighbors

395 Flatbush Avenue Ext2 min walk298K SF
38 Flatbush AvenueThis building195K SF
41 Flatbush Avenue2 min walk177K SF
285 Schermerhorn Street2 min walk104K SF

The 28th 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 38 Flatbush Avenue compares

Next to the 6 nearest large office buildings, all within a 3 minute walk, 38 Flatbush Avenue ranks 2nd of 7 by office floor area. It went up in 1971; the median neighbor dates from 1950. Its estimated property tax, about $9.89 a square foot of floor area before abatements, is close to the neighbors' median of $9.44.

38 Flatbush Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
Building	Office space	Floors	Built	Tax / SF
38 Flatbush AvenueThis building	195K SF	7	1971	$9.89
41 Flatbush Avenue2 min walk	177K SF	10	1920	$10.12
395 Flatbush Avenue Ext2 min walk	298K SF	7	1974	$8.77
285 Schermerhorn Street2 min walk	104K SF	7	1926	$5.58
498 Fulton Street3 min walk	68K SF	7	1920	$10.73
447 Atlantic Avenue3 min walk	47K SF	5	2007	$7.25
253 Ashland Place3 min walk	143K SF	11	2016	$10.51

The 28th largest of the 63 office buildings we track in Downtown Brooklyn: see the full list

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 addresses: 10 Flatbush Avenue; 20 Flatbush Avenue; 30 Flatbush Avenue; 309-339 Livingston Street; 1 Nevins Street
ZIP code: 11217
Building type: Office building with commercial space (city class O6)
Total floor area: 246,371 SF
Commercial floor area: 246,371 SF
Office: 194,869 SF
Retail: 19,887 SF
Height: 7 floors
Average floor: About 35,200 SF (floor area divided by floors)
Year built: 1971
Last major alteration: 2015
Lot area: 33,294 SF
Zoning district: C6-4
Built FAR: 7.4
Max commercial FAR: 10
Tax lot (BBL): 3001620001

Nearest subway

Nevins St1 min walk · Not accessible
DeKalb Av4 min walk · Accessible station
Hoyt-Schermerhorn Sts4 min walk · Not accessible

Nearby large buildings

263 Livingston Street36K SF retail · 4 floors · 2 min walk
250 Schermerhorn Street65K SF office · 6 floors · 4 min walk
25 Elm Place115K SF office · 6 floors · 4 min walk
240 Livingston Street259K SF office · 12 floors · 4 min walk
474 Fulton Street36K SF retail · 4 floors · 4 min walk
523 Fulton Street58K SF retail · 3 floors · 5 min walk
420 Albee Square393K SF office · 35 floors · 5 min walk
88 3rd Avenue100K SF office · 2 floors · 6 min walk

All 7 large commercial buildings on Flatbush Avenue

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 NYC HPD as the owner of record. For tax year 2026/27 the city values 38 Flatbush Avenue at $59.3 million and assesses it at $26.7 million. After phase-ins and exemptions its taxable value is $22.5 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 $2.44 million a year before abatements, roughly $9.89 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: NYC HPD
Tax class: Class 4 (commercial and industrial)
City market value: $59,260,000
Land market value: $8,660,000
Assessed value: $26,667,000
Taxable value (phased in): $26,351,640
Exemptions: $3,897,000
Estimated yearly tax: About $2.44 million
Tax per SF of floor area: About $9.89

City market value by tax year

2022/23$55.7 million
2023/24$57.9 million
2024/25$59.4 million
2025/26$60.6 million
2026/27$59.3 million

Market value rose 6% from 2022/23 ($55.7 million) to 2026/27.

How Downtown Brooklyn compares: property tax per SF across NYC neighborhoods Estimate this tax bill, or a tenant's share of it How NYC commercial property tax works

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How to find who owns any NYC building

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 2026-10-16; 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 energy benchmarking (Local Law 84)

Energy score, grade and emissions

38 Flatbush Avenue reported an ENERGY STAR score of 62 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 97.5 kBtu per square foot, 11% below the national median of 109.4 for a similar property. Its greenhouse gas emissions were about 2,604 metric tons of CO2e (11.22 kg per square foot).

ENERGY STAR score (2024): 62 of 100
Grade this score earns (Local Law 33): C (55 to 69)
Property type (Portfolio Manager): Office
Site energy use intensity: 97.5 kBtu/SF
National median for the type: 109.4 kBtu/SF
Greenhouse gas emissions: 2,604 t CO2e
Emissions per SF: 11.22 kg CO2e
Floor area in the filing: 262,406 SF

ENERGY STAR score by year

202273 (B)
202368 (C)
202462 (C)

Energy sources in 2024

Electricity100%

Share of the energy used on site, as filed.

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

Period: 2024 to 2029
Emissions limit: 2,090 t CO2e
Estimated emissions: 1,916 t CO2e
Under the limit by: 174 t CO2e
Estimated penalty a year: None

Period: 2030 to 2034
Emissions limit: 749 t CO2e
Estimated emissions: 962 t CO2e
Over the limit by: 213 t CO2e
Estimated penalty a year: $57,000

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Other - Technology/Science 3,813 SF; Office 191,844 SF; Data Center 8,630 SF; Parking 30,388 SF; Retail Store 27,731 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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NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 38 Flatbush Avenue in the 12 months to October 2026; the last one was first permitted in October 2025.

New jobs, last 12 months: 0
Initial permits, last 12 months: 0
Newest job first permitted: October 2025
Interior build-outs, last 24 months: 0

New jobs by year

20210
20228
20231
20240
20251
2026 to date0

Build-outs across Downtown Brooklyn Where 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.

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Questions about 38 Flatbush Avenue

How big is 38 Flatbush Avenue?

38 Flatbush Avenue has about 246,000 square feet of floor area in total, including 195,000 square feet of office and 20,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 38 Flatbush Avenue built?

City records list 1971 as the year built, with a major alteration recorded in 2015. The building is 7 floors tall.

What other addresses does 38 Flatbush Avenue have?

City records list 10 Flatbush Avenue, 20 Flatbush Avenue, 30 Flatbush Avenue, 309-339 Livingston Street and 1 Nevins Street on the same tax lot (BBL 3001620001) as 38 Flatbush Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 38 Flatbush Avenue?

38 Flatbush Avenue 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 38 Flatbush Avenue, Brooklyn, NY 11217, in Downtown Brooklyn.

What is the zoning at 38 Flatbush Avenue?

The lot is in the C6-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 7.4 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 38 Flatbush Avenue?

The closest subway station to 38 Flatbush Avenue is Nevins St (the 2, 3, 4 and 5 trains), about 100 feet away in a straight line, roughly 1 minute on foot. Also nearby: DeKalb Av (the B, Q and R trains), 4 min walk; Hoyt-Schermerhorn Sts (the A, C and G trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 38 Flatbush Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists NYC HPD as the owner of record of 38 Flatbush Avenue (BBL 3001620001). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

What is the energy grade of 38 Flatbush Avenue?

38 Flatbush Avenue reported an ENERGY STAR score of 62 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 62 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 97.5 kBtu per square foot, 11% below the national median of 109.4 for a similar property. Its greenhouse gas emissions were about 2,604 metric tons of CO2e (11.22 kg per square foot).

Does 38 Flatbush Avenue meet Local Law 97?

At its 2024 energy use, 38 Flatbush Avenue comes to about 1,916 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,090 tons for 2024 to 2029 (92% of the limit), so it would owe no penalty. From 2030 the limit drops to 749 tons and the same energy use counts as about 962 tons, about 213 tons over, or an estimated $57,000 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.

Is there construction at 38 Flatbush Avenue?

The Department of Buildings issued no permits for new jobs at 38 Flatbush Avenue in the 12 months to October 2026; the last one was first permitted in October 2025. These are the Department of Buildings' DOB NOW work permits for tax lot 3001620001. 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 38 Flatbush Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $22.5 million for 38 Flatbush Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.44 million a year, roughly $9.89 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3001620001 show the actual bill.

What is the assessed value of 38 Flatbush Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 38 Flatbush Avenue at $59.3 million ($8.66 million of it land) and its assessed value at $26.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 6% from 2022/23 ($55.7 million) to 2026/27.

Is there office space for lease at 38 Flatbush Avenue?

No space at 38 Flatbush Avenue 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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