Warehouse · Greenpoint, Brooklyn
42 Bridgewater Street
Brooklyn, NY 11222
42 Bridgewater Street is a 2-floor warehouse in Greenpoint, Brooklyn, built in 1931, with about 81,000 square feet of industrial and storage space according to city records.
- Industrial and storage space
- 81K SF
- Floors
- 2
- Year built
- 1931
- Zoning
- M3-1
The 8th 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 42 Bridgewater Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 10 minute walk, 42 Bridgewater Street ranks 4th of 7 by industrial and storage floor area. It went up in 1931; the median neighbor dates from 1967. Its property tax is fully exempt on the city's assessment roll.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 42 Bridgewater Street | 81K SF | 2 | 1931 | Exempt | n/a |
| 44 Bridgewater Street | 96K SF | 2 | 1931 | Exempt | n/a |
| 927 Meeker Avenue | 202K SF | 1 | 1951 | Exempt | n/a |
| 100 Apollo Street | 86K SF | 1 | 1968 | $6.24 | n/a |
| 295 Norman Avenue | 58K SF | 2 | 1971 | $7.10 | Dec 2021, $38M |
| 400 Kingsland Avenue | 42K SF | n/a | 1968 | $14.08 | Dec 2024, $120M |
| 505 Morgan Avenue | 35K SF | 2 | 1967 | $4.84 | Aug 2009, $6M (2 lots) |
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
- ZIP code
- 11222
- Building type
- Warehouse (city class E1)
- Total floor area
- 80,585 SF
- Commercial floor area
- 80,585 SF
- Industrial and storage
- 80,585 SF
- Height
- 2 floors
- Year built
- 1931
- Last major alteration
- 2005
- Lot area
- 68,774 SF
- Zoning district
- M3-1
- Built FAR
- 1.17
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3026660052
Nearest subway
- Nassau Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; 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 PEERLESS EQUITIES LLC as the owner of record. For tax year 2026/27 the city values 42 Bridgewater Street at $6.32 million and assesses it at $2.85 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- PEERLESS EQUITIES LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $6,323,000
- Land market value
- $743,000
- Assessed value
- $2,845,350
- Exemptions
- $2,845,350
- Estimated yearly tax
- Fully exempt on the roll
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. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
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NYC energy benchmarking (Local Law 84)
Energy use and emissions
42 Bridgewater Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Distribution Center
- Floor area in the filing
- 80,620 SF
ENERGY STAR score by year
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.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 42 Bridgewater Street in the 12 months to October 2026; the last one was first permitted in May 2023.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- May 2023
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across GreenpointWhere 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.
No industrial and storage space listed in Greenpoint yet
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Tenant rep broker or going direct? Leasing in NYC
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Questions about 42 Bridgewater Street
How big is 42 Bridgewater Street?
42 Bridgewater Street has about 81,000 square feet of floor area in total, including 81,000 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 42 Bridgewater Street built?
City records list 1931 as the year built, with a major alteration recorded in 2005. The building is 2 floors tall.
What is the ZIP code of 42 Bridgewater Street?
42 Bridgewater 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 42 Bridgewater Street, Brooklyn, NY 11222, in Greenpoint.
What is the zoning at 42 Bridgewater Street?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.17 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 42 Bridgewater Street?
The closest subway station to 42 Bridgewater Street is Nassau Av (the G train), about 0.8 miles away in a straight line, roughly 17 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 42 Bridgewater Street?
The NYC Department of Finance's 2026/27 assessment roll lists PEERLESS EQUITIES LLC as the owner of record of 42 Bridgewater Street (BBL 3026660052). 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.
Does 42 Bridgewater Street have an energy grade?
42 Bridgewater Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
Is there construction at 42 Bridgewater Street?
The Department of Buildings issued no permits for new jobs at 42 Bridgewater Street in the 12 months to October 2026; the last one was first permitted in May 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 3026660052. 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 42 Bridgewater Street?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 42 Bridgewater Street, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 3026660052 show what is actually billed.
What is the assessed value of 42 Bridgewater Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 42 Bridgewater Street at $6.32 million ($743,000 of it land) and its assessed value at $2.85 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 25% from 2022/23 ($5.07 million) to 2026/27.
Is there industrial and storage space for lease at 42 Bridgewater Street?
No space at 42 Bridgewater 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
Transit hubs in Greenpoint
- G at Greenpoint Av
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