Owner-user buying a Brooklyn building
Posted by the buyer · Food production
- Where
- Bushwick, Sunset Park +1
- Size
- 5,000 to 12,000 SF
- Budget
- to $5M
- Move in
- Mar 2027
Factory and industrial building · Bushwick, Brooklyn
Brooklyn, NY 11237
47 Stewart Avenue is a 2-floor factory and industrial building in Bushwick, Brooklyn, built in 1931, with about 35,000 square feet of industrial and storage space according to city records.
Also at 45-49 Stewart Avenue.
The 52nd largest of the 52 industrial and storage buildings we track in Bushwick. Compare it with 6 neighbors
No space at 47 Stewart Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Bushwick and hear the moment a tenant posts a requirement there.
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Compared with its neighbors
Next to the 6 nearest large industrial and storage buildings, all within a 2 minute walk, 47 Stewart Avenue is the smallest by industrial and storage floor area. It went up in 1931; the median neighbor dates from 1930. Its estimated property tax, about $3.20 a square foot of floor area before abatements, is below the neighbors' median of $4.57.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 47 Stewart Avenue | 35K SF | 2 | 1931 | $3.20 | Sep 2013, $7M |
| 28 Varick Avenue | 100K SF | 1 | 1964 | $3.51 | May 2013, $13.5M (2 lots) |
| 538 Johnson Avenue | 121K SF | 4 | 1930 | $4.65 | n/a |
| 201 Harrison Place | 91K SF | 3 | 1930 | $3.32 | n/a |
| 1201 Flushing Avenue | 52K SF | 3 | 1923 | $4.49 | n/a |
| 1177 Flushing Avenue | 84K SF | 1 | 1964 | $4.65 | May 2007, $12M |
| 41 Varick Avenue | 54K SF | 4 | 1920 | $5.61 | 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
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 BUSHWICK PARTNERS REALTY, LLC as the owner of record. For tax year 2026/27 the city values 47 Stewart Avenue at $3.04 million and assesses it at $1.37 million. After phase-ins and exemptions its taxable value is $1.24 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 $134,595 a year before abatements, roughly $3.20 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.
Own or manage 47 Stewart Avenue? List a space here free and we match it against every active requirement.
NYC property records (ACRIS)
47 Stewart Avenue last sold in September 2013 for $7 million, according to the deed recorded with the city. STEWART AVENUE REALTY CORP. sold it to BUSHWICK PARTNERS REALTY, LLC. That comes to about $167 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 energy benchmarking (Local Law 84)
47 Stewart Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 176.1 kBtu per square foot, 42% below the national median of 302.3 for a similar property. Its greenhouse gas emissions were about 575 metric tons of CO2e (13.69 kg per square foot).
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 2026-10-09; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
At its 2024 energy use, 47 Stewart Avenue comes to about 486 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 496 tons for 2024 to 2029 (98% of the limit), so it would owe no penalty. From 2030 the limit drops to 325 tons and the same energy use counts as about 362 tons, about 36 tons over, or an estimated $9,700 a year unless the building cuts its emissions.
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Food Service 42,000 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
Own or manage 47 Stewart Avenue? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
The Department of Buildings issued no permits for new jobs at 47 Stewart Avenue in the 12 months to October 2026; the last one was first permitted in July 2024.
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 industrial and storage space in Bushwick yet. These labeled examples show what tenants post. List a space in 47 Stewart Avenue and we match it against every new one automatically.
Posted by the buyer · Food production
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47 Stewart Avenue has about 42,000 square feet of floor area in total, including 7,000 square feet of office and 35,000 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.
City records list 1931 as the year built, with a major alteration recorded in 1998. The building is 2 floors tall.
City records list 45-49 Stewart Avenue on the same tax lot (BBL 3029940033) as 47 Stewart Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
47 Stewart Avenue 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 47 Stewart Avenue, Brooklyn, NY 11237, in Bushwick.
The lot is in the M1-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.19 and a maximum commercial FAR of 2 for this lot.
The closest subway station to 47 Stewart Avenue is Jefferson St (the L train), about 900 feet away in a straight line, roughly 3 minutes on foot. Also nearby: Morgan Av (the L train), 8 min walk; DeKalb Av (the L train), 10 min walk. Walking times are straight-line estimates; the street route is longer.
The NYC Department of Finance's 2026/27 assessment roll lists BUSHWICK PARTNERS REALTY, LLC as the owner of record of 47 Stewart Avenue (BBL 3029940033). 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.
47 Stewart Avenue last sold in September 2013 for $7 million, according to the deed recorded with the city. STEWART AVENUE REALTY CORP. sold it to BUSHWICK PARTNERS REALTY, LLC. That comes to about $167 per square foot of floor area. The deed is ACRIS document 2013100201694001 (BBL 3029940033) 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.
47 Stewart Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 176.1 kBtu per square foot, 42% below the national median of 302.3 for a similar property. Its greenhouse gas emissions were about 575 metric tons of CO2e (13.69 kg per square foot).
At its 2024 energy use, 47 Stewart Avenue comes to about 486 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 496 tons for 2024 to 2029 (98% of the limit), so it would owe no penalty. From 2030 the limit drops to 325 tons and the same energy use counts as about 362 tons, about 36 tons over, or an estimated $9,700 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
The Department of Buildings issued no permits for new jobs at 47 Stewart Avenue in the 12 months to October 2026; the last one was first permitted in July 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 3029940033. 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 $1.24 million for 47 Stewart Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $134,595 a year, roughly $3.20 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3029940033 show the actual bill.
For tax year 2026/27, the NYC Department of Finance puts the market value of 47 Stewart Avenue at $3.04 million ($989,000 of it land) and its assessed value at $1.37 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 24% from 2022/23 ($2.45 million) to 2026/27.
No space at 47 Stewart Avenue 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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