Commercial building · Downtown Brooklyn, Brooklyn
474 Fulton Street
Brooklyn, NY 11201
474 Fulton Street is a 4-floor commercial building in Downtown Brooklyn, Brooklyn, built in 1920, with about 36,000 square feet of retail space according to city records.
Also at 1-7 Elm Place and 474-482 Fulton Street.
- Retail space
- 36K SF
- Floors
- 4
- Year built
- 1920
- Zoning
- C5-4
The 6th largest of the 6 retail buildings we track in Downtown Brooklyn. Compare it with 6 neighbors
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Compared with its neighbors
How 474 Fulton Street compares
Next to the 6 nearest large retail buildings, all within a 12 minute walk, 474 Fulton Street is the smallest by retail floor area. Built in 1920, it is the oldest of them. Its estimated property tax, about $26.04 a square foot of floor area before abatements, is above the neighbors' median of $13.14.
| Building | Retail space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 474 Fulton Street | 36K SF | 4 | 1920 | $26.04 |
| 523 Fulton Street | 58K SF | 3 | 1924 | $14.58 |
| 263 Livingston Street | 36K SF | 4 | 1928 | $4.71 |
| 408 Fulton Street | 43K SF | 3 | 1937 | $28.91 |
| 97 Boerum Place | 49K SF | 2 | 2013 | $13.14 |
| 229 Nevins Street | 40K SF | 4 | 1931 | $11.64 |
| 625 Atlantic Avenue | 417K SF | 3 | 1995 | Exempt |
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). 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
- 1-7 Elm Place; 474-482 Fulton Street
- ZIP code
- 11201
- Building type
- Commercial building (city class RK)
- Total floor area
- 35,647 SF
- Commercial floor area
- 35,647 SF
- Retail
- 35,647 SF
- Height
- 4 floors
- Average floor
- About 8,900 SF (floor area divided by floors)
- Year built
- 1920
- Lot area
- 9,151 SF
- Zoning district
- C5-4
- Built FAR
- 3.9
- Max commercial FAR
- 10
- Tax lot (BBL)
- 3001587501
Nearest subway
- Hoyt St
- Hoyt-Schermerhorn Sts
- DeKalb Av
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 5 storefronts at 474 Fulton Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2024
- 5
- Vacant that day
- 0
- Share vacant here
- 0.0%
- Share vacant across Downtown Brooklyn
- 14.6%
- Share vacant along Fulton Street
- 10.2%
- Share vacant citywide
- 8.7%
- Condominium tax lots that filed
- 4
Vacant on December 31, by year
Need a storefront in Downtown Brooklyn? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-09. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, summed over the condominium's unit lots that filed, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
474 Fulton Street is a condominium of 7 tax lots with 5 owners of record, none holding half of its market value. For tax year 2026/27 the city values 474 Fulton Street at $24.5 million and assesses it at $11 million. After phase-ins and exemptions its taxable value is $8.56 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 $928,294 a year before abatements, roughly $26.04 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.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $24,457,000
- Land market value
- $3,420,000
- Assessed value
- $11,005,651
- Taxable value (phased in)
- $8,557,283
- Estimated yearly tax
- About $928,294
- Tax per SF of floor area
- About $26.04
- Condominium tax lots
- 7
- Owners of record
- 5
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 7 condominium tax lots; 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 Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 474 Fulton Street. In the last two years, interior work was permitted on one floor (floor 4). The newest build-out, on floor 4, was first permitted in August 2026 (sprinklers; filed cost estimate $21,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 4
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 2026-10-09 (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.
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Questions about 474 Fulton Street
How big is 474 Fulton Street?
474 Fulton Street has about 36,000 square feet of floor area in total, including 36,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 474 Fulton Street built?
City records list 1920 as the year built. The building is 4 floors tall.
What other addresses does 474 Fulton Street have?
City records list 1-7 Elm Place and 474-482 Fulton Street on the same tax lot (BBL 3001587501) as 474 Fulton Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 474 Fulton Street?
474 Fulton Street 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 474 Fulton Street, Brooklyn, NY 11201, in Downtown Brooklyn.
What is the zoning at 474 Fulton Street?
The lot is in the C5-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 3.9 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 474 Fulton Street?
The closest subway station to 474 Fulton Street 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: Hoyt-Schermerhorn Sts (the A, C and G trains), 2 min walk; DeKalb Av (the B, Q and R trains), 2 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 474 Fulton Street?
474 Fulton Street is a condominium of 7 tax lots with 5 owners of record, none holding half of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 3001587501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Is there construction at 474 Fulton Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 474 Fulton Street. In the last two years, interior work was permitted on one floor (floor 4). The newest build-out, on floor 4, was first permitted in August 2026 (sprinklers; filed cost estimate $21,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3001587501. 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 474 Fulton Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $8.56 million for 474 Fulton Street (the sum of its 7 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 $928,294 a year, roughly $26.04 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3001587501 show the actual bill.
What is the assessed value of 474 Fulton Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 474 Fulton Street at $24.5 million ($3.42 million of it land) and its assessed value at $11 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 98% from 2022/23 ($12.3 million) to 2026/27.
Are there vacant storefronts at 474 Fulton Street?
Owners registered 5 storefronts at 474 Fulton Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there retail space for lease at 474 Fulton Street?
No space at 474 Fulton 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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