Self-storage building · Bed-Stuy, Brooklyn
481 Grand Avenue
Brooklyn, NY 11238
481 Grand Avenue is a 3-floor self-storage building in Bed-Stuy, Brooklyn, built in 1926, with about 48,000 square feet of industrial and storage space according to city records.
Also at 943-949 Atlantic Avenue and 481-493 Grand Avenue.
- Industrial and storage space
- 48K SF
- Floors
- 3
- Year built
- 1926
- Zoning
- R7A
The 7th largest of the 15 industrial and storage buildings we track in Bed-Stuy. Compare it with 6 neighbors
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Compared with its neighbors
How 481 Grand Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 20 minute walk, 481 Grand Avenue ranks 3rd of 7 by industrial and storage floor area. Built in 1926, it is the oldest of them. Its estimated property tax, about $4.19 a square foot of floor area before abatements, is below the neighbors' median of $4.59.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 481 Grand Avenue | 48K SF | 3 | 1926 | $4.19 | Nov 2011, $17.5M |
| 1050 Atlantic Avenue | 51K SF | 2 | 1930 | $7.14 | Apr 2014, $20M |
| 892 Dean Street | 36K SF | 4 | 1964 | $3.90 | n/a |
| 768 Bergen Street | 35K SF | 4 | 1930 | $4.87 | n/a |
| 1102 Atlantic Avenue | 45K SF | 2 | 1930 | $4.11 | Nov 2012, $4M (2 lots) |
| 1260 Atlantic Avenue | 91K SF | 4 | 1995 | $6.53 | Jan 2019, $23.5M (4 lots) |
| 156 Sandford Street | 38K SF | 4 | 1959 | $4.32 | 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
- 943-949 Atlantic Avenue; 481-493 Grand Avenue
- ZIP code
- 11238
- Building type
- Self-storage building (city class E7)
- Total floor area
- 48,400 SF
- Commercial floor area
- 48,400 SF
- Industrial and storage
- 48,400 SF
- Height
- 3 floors
- Average floor
- About 16,100 SF (floor area divided by floors)
- Year built
- 1926
- Lot area
- 8,614 SF
- Zoning district
- R7A
- Built FAR
- 5.62
- Tax lot (BBL)
- 3020190001
Nearest subway
- Franklin Av
- Clinton-Washington Avs
- Park Pl
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 one storefront at 481 Grand Avenue for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 0
- Share vacant across Bed-Stuy
- 12.3%
- Share vacant along Atlantic Avenue
- 12.3%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Bed-Stuy? 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, 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
The Department of Finance lists CUBESMART, L.P. as the owner of record. For tax year 2026/27 the city values 481 Grand Avenue at $9.85 million and assesses it at $4.43 million. After phase-ins and exemptions its taxable value is $1.87 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 $202,566 a year before abatements, roughly $4.19 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.
- Owner of record
- CUBESMART, L.P.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $9,846,000
- Land market value
- $300,000
- Assessed value
- $4,430,700
- Taxable value (phased in)
- $3,334,220
- Exemptions
- $1,466,910
- Estimated yearly tax
- About $202,566
- Tax per SF of floor area
- About $4.19
City market value by tax year
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)
Sales history
481 Grand Avenue last sold in November 2011 for $17.5 million, according to the deed recorded with the city. 481 GRAND LLC sold it to CUBESMART, L.P.. That comes to about $362 per square foot of floor area.
- Last sale (deed date)
- November 3, 2011
- Price
- $17,514,000
- Price per SF of floor area
- About $362
- Seller
- 481 GRAND LLC
- Buyer
- CUBESMART, L.P.
- Deed recorded
- November 4, 2011
- ACRIS document
- 2011110301050001
Recorded sales
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)
Energy use and emissions
481 Grand 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.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Self-Storage Facility
- Floor area in the filing
- 48,400 SF
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.
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Questions about 481 Grand Avenue
How big is 481 Grand Avenue?
481 Grand Avenue has about 48,000 square feet of floor area in total, including 48,000 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 481 Grand Avenue built?
City records list 1926 as the year built. The building is 3 floors tall.
What other addresses does 481 Grand Avenue have?
City records list 943-949 Atlantic Avenue and 481-493 Grand Avenue on the same tax lot (BBL 3020190001) as 481 Grand Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 481 Grand Avenue?
481 Grand Avenue is in ZIP code 11238, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 481 Grand Avenue, Brooklyn, NY 11238, in Bed-Stuy.
What is the zoning at 481 Grand Avenue?
The lot is in the R7A zoning district. PLUTO lists a built floor area ratio (FAR) of 5.62 for this lot.
What subway station is closest to 481 Grand Avenue?
The closest subway station to 481 Grand Avenue is Franklin Av (the C and S trains), about 0.2 miles away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: Clinton-Washington Avs (the C train), 6 min walk; Park Pl (the S train), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 481 Grand Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists CUBESMART, L.P. as the owner of record of 481 Grand Avenue (BBL 3020190001). 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.
When was 481 Grand Avenue last sold?
481 Grand Avenue last sold in November 2011 for $17.5 million, according to the deed recorded with the city. 481 GRAND LLC sold it to CUBESMART, L.P.. That comes to about $362 per square foot of floor area. The deed is ACRIS document 2011110301050001 (BBL 3020190001) 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.
Does 481 Grand Avenue have an energy grade?
481 Grand 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.
What are the property taxes at 481 Grand Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.87 million for 481 Grand Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $202,566 a year, roughly $4.19 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3020190001 show the actual bill.
What is the assessed value of 481 Grand Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 481 Grand Avenue at $9.85 million ($300,000 of it land) and its assessed value at $4.43 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 43% from 2022/23 ($6.91 million) to 2026/27.
Are there vacant storefronts at 481 Grand Avenue?
Owners registered one storefront at 481 Grand Avenue for December 31, 2024, the newest annual filing the city has published, and it was not 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 industrial and storage space for lease at 481 Grand Avenue?
No space at 481 Grand 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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