Commercial condominium · Downtown Brooklyn, Brooklyn
420 Albee Square
Brooklyn, NY 11201
420 Albee Square is a 35-floor commercial condominium in Downtown Brooklyn, Brooklyn, built in 2025, with about 393,000 square feet of office space according to city records.
Also at 416-424 Albee Square, 233-235 Duffield Street, 416-428 Gold Street and 1 Willoughby Square.
- Office space
- 393K SF
- Floors
- 35
- Year built
- 2025
- Zoning
- C6-4.5
The 13th 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 420 Albee Square compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 420 Albee Square ranks 2nd of 7 by office floor area. Built in 2025, it is the newest of them. Its estimated property tax, about $11.19 a square foot of floor area before abatements, is above the neighbors' median of $9.67.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 420 Albee Square | 393K SF | 35 | 2025 | $11.19 | n/a |
| 141 Willoughby Street | 318K SF | 24 | 2020 | $11.32 | n/a |
| 485 Fulton Street | 102K SF | 5 | 1921 | $18.12 | Sep 2026, $83.5M (2 lots) |
| 25 Elm Place | 115K SF | 6 | 1920 | $5.55 | Mar 2026, $40M |
| 4 Metrotech Center | 1.2M SF | 24 | 1990 | $8.61 | n/a |
| 422 Fulton Street | 195K SF | 12 | 1920 | $8.57 | n/a |
| 498 Fulton Street | 68K SF | 7 | 1920 | $10.73 | n/a |
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
- 416-424 Albee Square; 233-235 Duffield Street; 416-428 Gold Street; 1 Willoughby Square
- ZIP code
- 11201
- Building type
- Commercial condominium (city class R5)
- Total floor area
- 392,567 SF
- Commercial floor area
- 392,567 SF
- Office
- 392,567 SF
- Height
- 35 floors
- Average floor
- About 11,200 SF (floor area divided by floors)
- Year built
- 2025
- Lot area
- 18,600 SF
- Zoning district
- C6-4.5
- Built FAR
- 21.11
- Max commercial FAR
- 12
- Tax lot (BBL)
- 3001467502
Nearest subway
- Hoyt St
- DeKalb Av
- Jay St-MetroTech
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
420 Albee Square is a condominium of 2 tax lots. 1 WILLOUGHBY SQUARE PROPERTY OWNER LLC, one of 2 owners of record on the roll, owns the units that make up 59% of its market value. For tax year 2026/27 the city values 420 Albee Square at $93.3 million and assesses it at $42 million. After phase-ins and exemptions its taxable value is $40.5 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 $4.39 million a year before abatements, roughly $11.19 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.
- Largest unit owner
- 1 WILLOUGHBY SQUARE PROPERTY OWNER LLC (59% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $93,309,000
- Land market value
- $3,255,000
- Assessed value
- $41,989,051
- Taxable value (phased in)
- $40,487,008
- Estimated yearly tax
- About $4.39 million
- Tax per SF of floor area
- About $11.19
- Condominium tax lots
- 2
- Owners of record
- 2
Manage or lease this building? Claim this page. Requests are reviewed by hand.
How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 2 condominium tax lots; 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 Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 6 jobs at 420 Albee Square. In the last two years, interior work was permitted on 5 floors (floors 1, 10, 11, 17 and 21). The newest build-out, on floor 1, was first permitted in July 2026 (construction, mechanical, plumbing; filed cost estimate $380,000).
- New jobs, last 12 months
- 6
- Initial permits, last 12 months
- 21
- Newest job first permitted
- July 2026
- Interior build-outs, last 24 months
- 5
- Floors with interior work, last 24 months
- 1, 10, 11, 17 and 21
Recent build-outs
New jobs by year
Build-outs across Downtown BrooklynWhere 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 office space listed in Downtown Brooklyn yet
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Before you sign
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Questions about 420 Albee Square
How big is 420 Albee Square?
420 Albee Square has about 393,000 square feet of floor area in total, including 393,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 420 Albee Square built?
City records list 2025 as the year built. The building is 35 floors tall.
What other addresses does 420 Albee Square have?
City records list 416-424 Albee Square, 233-235 Duffield Street, 416-428 Gold Street and 1 Willoughby Square on the same tax lot (BBL 3001467502) as 420 Albee Square. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 420 Albee Square?
420 Albee Square 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 420 Albee Square, Brooklyn, NY 11201, in Downtown Brooklyn.
What is the zoning at 420 Albee Square?
The lot is in the C6-4.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 21.11 and a maximum commercial FAR of 12 for this lot.
What subway station is closest to 420 Albee Square?
The closest subway station to 420 Albee Square is Hoyt St (the 2 and 3 trains), about 400 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as partly accessible. Also nearby: DeKalb Av (the B, Q and R trains), 2 min walk; Jay St-MetroTech (the A, C, F and R trains), 3 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 420 Albee Square?
420 Albee Square is a condominium of 2 tax lots. 1 WILLOUGHBY SQUARE PROPERTY OWNER LLC, one of 2 owners of record on the roll, owns the units that make up 59% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 3001467502). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Is there construction at 420 Albee Square?
In the 12 months to October 2026, the Department of Buildings issued first permits for 6 jobs at 420 Albee Square. In the last two years, interior work was permitted on 5 floors (floors 1, 10, 11, 17 and 21). The newest build-out, on floor 1, was first permitted in July 2026 (construction, mechanical, plumbing; filed cost estimate $380,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3001467502. 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 420 Albee Square?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $40.5 million for 420 Albee Square (the sum of its 2 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $4.39 million a year, roughly $11.19 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3001467502 show the actual bill.
What is the assessed value of 420 Albee Square?
For tax year 2026/27, the NYC Department of Finance puts the market value of 420 Albee Square at $93.3 million ($3.25 million of it land) and its assessed value at $42 million, the 45% of market value the city assesses for Class 4 property.
Is there office space for lease at 420 Albee Square?
No space at 420 Albee Square 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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