Retail building · Downtown Brooklyn, Brooklyn

408 Fulton Street

Brooklyn, NY 11201

408 Fulton Street is a 3-floor retail building in Downtown Brooklyn, Brooklyn, built in 1937, with about 43,000 square feet of retail space according to city records.

Also at 408-416 Fulton Street and 1-13 Gallatin Place.

Retail space: 43K SF
Floors: 3
Year built: 1937
Zoning: C5-4

Retail space next to its nearest neighbors

523 Fulton Street3 min walk58K SF
408 Fulton StreetThis building43K SF
474 Fulton Street3 min walk36K SF

The 4th largest of the 6 retail buildings we track in Downtown Brooklyn. Compare it with 6 neighbors

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Compared with its neighbors

How 408 Fulton Street compares

Next to the 6 nearest large retail buildings, all within a 15 minute walk, 408 Fulton Street ranks 4th of 7 by retail floor area. It went up in 1937; the median neighbor dates from 1929. Its estimated property tax, about $28.91 a square foot of floor area before abatements, is above the neighbors' median of $13.14.

408 Fulton Street and the 6 nearest large retail buildings: size, floors, year built, estimated property tax per square foot
Building	Retail space	Floors	Built	Tax / SF
408 Fulton StreetThis building	43K SF	3	1937	$28.91
523 Fulton Street3 min walk	58K SF	3	1924	$14.58
474 Fulton Street3 min walk	36K SF	4	1920	$26.04
263 Livingston Street5 min walk	36K SF	4	1928	$4.71
97 Boerum Place5 min walk	49K SF	2	2013	$13.14
229 Nevins Street13 min walk	40K SF	4	1931	$11.64
625 Atlantic Avenue15 min walk	417K SF	3	1995	Exempt

The 4th largest of the 6 retail 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: 408-416 Fulton Street; 1-13 Gallatin Place
ZIP code: 11201
Building type: Retail building (city class K2)
Total floor area: 43,360 SF
Commercial floor area: 43,360 SF
Retail: 43,360 SF
Height: 3 floors
Average floor: About 14,500 SF (floor area divided by floors)
Year built: 1937
Last major alteration: 2021
Lot area: 10,827 SF
Zoning district: C5-4
Built FAR: 4
Max commercial FAR: 10
Tax lot (BBL): 3001560012

Nearest subway

Hoyt St1 min walk · Partly accessible
Jay St-MetroTech2 min walk · Accessible station
Hoyt-Schermerhorn Sts3 min walk · Not accessible

Nearby large buildings

177 Livingston Street86K SF office · 7 floors · 1 min walk
422 Fulton Street195K SF office · 12 floors · 1 min walk
485 Fulton Street102K SF office · 5 floors · 1 min walk
180 Livingston Street242K SF office · 6 floors · 2 min walk
166 Livingston Street61K SF office · 4 floors · 2 min walk
32 Smith Street187K SF office · 18 floors · 2 min walk
131 Livingston Street103K SF office · 6 floors · 2 min walk
New York and New Jersey Telephone and Telegraph Building, 81 Willoughby Street74K SF office · 8 floors · 2 min walk

All 12 large commercial buildings on Fulton Street

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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 2 storefronts at 408 Fulton Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.

Storefronts registered for December 31, 2024: 2
Vacant that day: 0
Share vacant across Downtown Brooklyn: 14.6%
Share vacant along Fulton Street: 10.2%
Share vacant citywide: 8.7%

Vacant on December 31, by year

2019None registered
20201 of 2
20210 of 2
20220 of 2
20230 of 2
20240 of 2

Bars show the share of the lot's registered storefronts that stood vacant.

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Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-09. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists 408-416 FULTON STREET LLC as the owner of record. For tax year 2026/27 the city values 408 Fulton Street at $28 million and assesses it at $12.6 million. After phase-ins and exemptions its taxable value is $11.6 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 $1.25 million a year before abatements, roughly $28.91 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: 408-416 FULTON STREET LLC
Tax class: Class 4 (commercial and industrial)
City market value: $28,048,000
Land market value: $5,431,000
Assessed value: $12,621,600
Taxable value (phased in): $11,554,070
Estimated yearly tax: About $1.25 million
Tax per SF of floor area: About $28.91

City market value by tax year

2022/23$23.7 million
2023/24$24.8 million
2024/25$27.9 million
2025/26$27.6 million
2026/27$28 million

Market value rose 18% from 2022/23 ($23.7 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

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 408 Fulton Street in the 12 months to October 2026; the last one was first permitted in November 2021.

New jobs, last 12 months: 0
Initial permits, last 12 months: 0
Newest job first permitted: November 2021
Interior build-outs, last 24 months: 0

New jobs by year

202110
20220
20230
20240
20250
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 2026-10-09 (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.

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Questions about 408 Fulton Street

How big is 408 Fulton Street?

408 Fulton Street has about 43,000 square feet of floor area in total, including 43,000 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 408 Fulton Street built?

City records list 1937 as the year built, with a major alteration recorded in 2021. The building is 3 floors tall.

What other addresses does 408 Fulton Street have?

City records list 408-416 Fulton Street and 1-13 Gallatin Place on the same tax lot (BBL 3001560012) as 408 Fulton Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 408 Fulton Street?

408 Fulton 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 408 Fulton Street, Brooklyn, NY 11201, in Downtown Brooklyn.

What is the zoning at 408 Fulton Street?

The lot is in the C5-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 4 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 408 Fulton Street?

The closest subway station to 408 Fulton Street is Hoyt St (the 2 and 3 trains), about 400 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as partly accessible. Also nearby: Jay St-MetroTech (the A, C, F and R trains), 2 min walk; Hoyt-Schermerhorn Sts (the A, C and G trains), 3 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 408 Fulton Street?

The NYC Department of Finance's 2026/27 assessment roll lists 408-416 FULTON STREET LLC as the owner of record of 408 Fulton Street (BBL 3001560012). 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.

Is there construction at 408 Fulton Street?

The Department of Buildings issued no permits for new jobs at 408 Fulton Street in the 12 months to October 2026; the last one was first permitted in November 2021. These are the Department of Buildings' DOB NOW work permits for tax lot 3001560012. 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 408 Fulton Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $11.6 million for 408 Fulton Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.25 million a year, roughly $28.91 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3001560012 show the actual bill.

What is the assessed value of 408 Fulton Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 408 Fulton Street at $28 million ($5.43 million of it land) and its assessed value at $12.6 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 18% from 2022/23 ($23.7 million) to 2026/27.

Are there vacant storefronts at 408 Fulton Street?

Owners registered 2 storefronts at 408 Fulton Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.

Is there retail space for lease at 408 Fulton Street?

No space at 408 Fulton 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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