Retail building · Bushwick, Brooklyn
Brooklyn, NY 11237
427 Troutman Street is a 1-floor retail building in Bushwick, Brooklyn, built in 1931, with about 41,000 square feet of retail space according to city records.
Also at 438-444 Jefferson Street, 16-20 St. Nicholas Avenue and 427-437 Troutman Street.
The 2nd largest of the 5 retail buildings we track in Bushwick. Compare it with 6 neighbors
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Compared with its neighbors
Next to the 6 nearest large commercial buildings, all within a 4 minute walk, 427 Troutman Street ranks 6th of 7 by commercial floor area. It went up in 1931; the median neighbor dates from 1930. Its estimated property tax, about $4.66 a square foot of floor area before abatements, is above the neighbors' median of $3.91.
| Building | Commercial space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 427 Troutman Street | 41K SF | 1 | 1931 | $4.66 | Feb 2022, $6.5M |
| 1300 Flushing Avenue | 105K SF | 6 | 1930 | $9.75 | Jun 2020, $44M |
| 1329 Willoughby Avenue | 38K SF | 2 | 1931 | $6.32 | Jun 2004, $2.6M |
| 1182 Flushing Avenue | 44K SF | 3 | 1931 | $2.20 | n/a |
| 1201 Flushing Avenue | 52K SF | 3 | 1923 | $4.49 | n/a |
| 201 Harrison Place | 91K SF | 3 | 1930 | $3.32 | n/a |
| 47 Stewart Avenue | 42K SF | 2 | 1931 | $3.20 | Sep 2013, $7M |
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
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
The Department of Finance lists BROOK TROUT 427, LLC as the owner of record. For tax year 2026/27 the city values 427 Troutman Street at $5.38 million and assesses it at $2.42 million. After phase-ins and exemptions its taxable value is $1.78 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 $193,111 a year before abatements, roughly $4.66 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.
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 property records (ACRIS)
427 Troutman Street last sold in February 2022 for $6.5 million, according to the deed recorded with the city. WRM PROPERTIES, INC., F/K/A PUTNAM ROLLING LADDER sold it to BROOK TROUT 427, LLC. That comes to about $157 per square foot of floor area.
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-09; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
NYC Department of Buildings permits
The Department of Buildings issued no permits for new jobs at 427 Troutman Street in the 12 months to October 2026; the last one was first permitted in May 2025.
Build-outs across BushwickWhere 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.
No live requirements for retail space in Bushwick yet. These labeled examples show what tenants post. List a space in 427 Troutman Street and we match it against every new one automatically.
Posted by the tenant · Food and beverage
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427 Troutman Street has about 41,000 square feet of floor area in total, including 41,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
City records list 1931 as the year built. The building is 1 floor tall.
City records list 438-444 Jefferson Street, 16-20 St. Nicholas Avenue and 427-437 Troutman Street on the same tax lot (BBL 3031770025) as 427 Troutman Street. A space listed on Leasemark at any of these addresses shows up on this page.
427 Troutman Street is in ZIP code 11237, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 427 Troutman Street, Brooklyn, NY 11237, in Bushwick.
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.15 and a maximum commercial FAR of 1 for this lot.
The closest subway station to 427 Troutman Street is Jefferson St (the L train), about 350 feet away in a straight line, roughly 1 minute on foot. Also nearby: DeKalb Av (the L train), 7 min walk; Morgan Av (the L train), 11 min walk. Walking times are straight-line estimates; the street route is longer.
The NYC Department of Finance's 2026/27 assessment roll lists BROOK TROUT 427, LLC as the owner of record of 427 Troutman Street (BBL 3031770025). 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.
427 Troutman Street last sold in February 2022 for $6.5 million, according to the deed recorded with the city. WRM PROPERTIES, INC., F/K/A PUTNAM ROLLING LADDER sold it to BROOK TROUT 427, LLC. That comes to about $157 per square foot of floor area. The deed is ACRIS document 2022022500443001 (BBL 3031770025) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
The Department of Buildings issued no permits for new jobs at 427 Troutman Street in the 12 months to October 2026; the last one was first permitted in May 2025. These are the Department of Buildings' DOB NOW work permits for tax lot 3031770025. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.78 million for 427 Troutman Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $193,111 a year, roughly $4.66 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3031770025 show the actual bill.
For tax year 2026/27, the NYC Department of Finance puts the market value of 427 Troutman Street at $5.38 million ($724,000 of it land) and its assessed value at $2.42 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 690% from 2022/23 ($681,000) to 2026/27.
No space at 427 Troutman 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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