Warehouse · Greenpoint, Brooklyn

44 Bridgewater Street

Brooklyn, NY 11222

44 Bridgewater Street is a 2-floor warehouse in Greenpoint, Brooklyn, built in 1931, with about 96,000 square feet of industrial and storage space according to city records.

Also at 44-62 Bridgewater Street.

Industrial and storage space
96K SF
Floors
2
Year built
1931
Zoning
M3-1

Industrial and storage space next to its nearest neighbors

  1. 927 Meeker Avenue2 min walk202K SF
  2. 44 Bridgewater StreetThis building96K SF
  3. 100 Apollo Street1 min walk86K SF
  4. 42 Bridgewater Street1 min walk81K SF

The 6th 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 44 Bridgewater Street compares

Next to the 6 nearest large industrial and storage buildings, all within a 9 minute walk, 44 Bridgewater Street ranks 3rd of 7 by industrial and storage floor area. It went up in 1931; the median neighbor dates from 1959. Its property tax is fully exempt on the city's assessment roll.

44 Bridgewater Street and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingIndustrial and storage spaceFloorsBuiltTax / SFLast sale
44 Bridgewater StreetThis building96K SF21931Exemptn/a
42 Bridgewater Street1 min walk81K SF21931Exemptn/a
100 Apollo Street1 min walk86K SF11968$6.24n/a
927 Meeker Avenue2 min walk202K SF11951Exemptn/a
295 Norman Avenue4 min walk58K SF21971$7.10Dec 2021, $38M
400 Kingsland Avenue6 min walk42K SFn/a1968$14.08Dec 2024, $120M
425 Greenpoint Avenue9 min walk100K SF51931$4.96Oct 2013, $10.5M
The 6th largest of the 18 industrial and storage buildings we track in Greenpoint: 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); 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 address
44-62 Bridgewater Street
ZIP code
11222
Building type
Warehouse (city class E1)
Total floor area
106,471 SF
Commercial floor area
106,471 SF
Office
10,575 SF
Industrial and storage
95,896 SF
Height
2 floors
Year built
1931
Last major alteration
2005
Lot area
100,000 SF
Zoning district
M3-1
Built FAR
1.06
Max commercial FAR
2
Tax lot (BBL)
3026660001

Nearest subway

  • Nassau Av17 min walk · Not accessible

Nearby large buildings

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 PEERLESS EQUITIES LLC as the owner of record. For tax year 2026/27 the city values 44 Bridgewater Street at $9.18 million and assesses it at $4.13 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
$9,178,000
Land market value
$1,035,000
Assessed value
$4,130,100
Exemptions
$4,130,100
Estimated yearly tax
Fully exempt on the roll

City market value by tax year

  • 2022/23$7.17 million
  • 2023/24$7.84 million
  • 2024/25$9.11 million
  • 2025/26$8.72 million
  • 2026/27$9.18 million

Market value rose 28% from 2022/23 ($7.17 million) to 2026/27.

How Greenpoint compares: property tax per SF across NYC neighborhoodsHow NYC commercial property tax works, and why some towers show $0

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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. 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 score, grade and emissions

44 Bridgewater Street reported an ENERGY STAR score of 69 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 40.9 kBtu per square foot, 28% below the national median of 56.9 for a similar property. Its greenhouse gas emissions were about 291 metric tons of CO2e (2.82 kg per square foot).

ENERGY STAR score (2024)
69 of 100
Grade this score earns (Local Law 33)
C (55 to 69)
Property type (Portfolio Manager)
Distribution Center
Site energy use intensity
40.9 kBtu/SF
National median for the type
56.9 kBtu/SF
Greenhouse gas emissions
291 t CO2e
Emissions per SF
2.82 kg CO2e
Floor area in the filing
103,220 SF

ENERGY STAR score by year

  • 202273 (B)
  • 202372 (B)
  • 202469 (C)

Energy sources in 2024

  • Natural gas75%
  • Electricity25%

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.

NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 44 Bridgewater Street in the 12 months to October 2026; the last one was first permitted in December 2024. In the last two years, interior work was permitted on the ground floor. The newest build-out, on the ground floor, was first permitted in December 2024 (construction, structural; filed cost estimate $32,000).

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
December 2024
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
Ground floor

Recent build-outs

  • Ground floorDecember 2024Construction, Structural; est. $32,000; signed off

New jobs by year

  • 20210
  • 20220
  • 20230
  • 20241
  • 20250
  • 2026 to date0

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 44 Bridgewater Street

How big is 44 Bridgewater Street?

44 Bridgewater Street has about 106,000 square feet of floor area in total, including 11,000 square feet of office and 96,000 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 44 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 other addresses does 44 Bridgewater Street have?

City records list 44-62 Bridgewater Street on the same tax lot (BBL 3026660001) as 44 Bridgewater Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 44 Bridgewater Street?

44 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 44 Bridgewater Street, Brooklyn, NY 11222, in Greenpoint.

What is the zoning at 44 Bridgewater Street?

The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.06 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 44 Bridgewater Street?

The closest subway station to 44 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 44 Bridgewater Street?

The NYC Department of Finance's 2026/27 assessment roll lists PEERLESS EQUITIES LLC as the owner of record of 44 Bridgewater Street (BBL 3026660001). 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.

What is the energy grade of 44 Bridgewater Street?

44 Bridgewater Street reported an ENERGY STAR score of 69 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 69 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 40.9 kBtu per square foot, 28% below the national median of 56.9 for a similar property. Its greenhouse gas emissions were about 291 metric tons of CO2e (2.82 kg per square foot).

Is there construction at 44 Bridgewater Street?

The Department of Buildings issued no permits for new jobs at 44 Bridgewater Street in the 12 months to October 2026; the last one was first permitted in December 2024. In the last two years, interior work was permitted on the ground floor. The newest build-out, on the ground floor, was first permitted in December 2024 (construction, structural; filed cost estimate $32,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3026660001. 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 44 Bridgewater Street?

The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 44 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 3026660001 show what is actually billed.

What is the assessed value of 44 Bridgewater Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 44 Bridgewater Street at $9.18 million ($1.03 million of it land) and its assessed value at $4.13 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 28% from 2022/23 ($7.17 million) to 2026/27.

Is there industrial and storage space for lease at 44 Bridgewater Street?

No space at 44 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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