Office building with commercial space · Downtown Brooklyn, Brooklyn
485 Fulton Street
Brooklyn, NY 11201
485 Fulton Street is a 5-floor office building with commercial space in Downtown Brooklyn, Brooklyn, built in 1921, with about 102,000 square feet of office space according to city records.
Also at 396-402 Bridge Street, 471-485 Fulton Street and 151-153 Lawrence Street.
- Office space
- 102K SF
- Floors
- 5
- Year built
- 1921
- Zoning
- C6-4.5
The 41st largest of the 63 office buildings we track in Downtown Brooklyn. Compare it with 6 neighbors
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Compared with its neighbors
How 485 Fulton Street compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, 485 Fulton Street ranks 4th of 7 by office floor area. It went up in 1921; the median neighbor dates from 1910. Its estimated property tax, about $18.12 a square foot of floor area before abatements, is above the neighbors' median of $8.97.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 485 Fulton Street | 102K SF | 5 | 1921 | $18.12 | Sep 2026, $83.5M (2 lots) |
| 422 Fulton Street | 195K SF | 12 | 1920 | $8.57 | n/a |
| New York and New Jersey Telephone and Telegraph Building, 81 Willoughby Street | 74K SF | 8 | 1898 | $9.37 | n/a |
| 177 Livingston Street | 86K SF | 7 | 1890 | $2.70 | n/a |
| 57 Willoughby Street | 100K SF | 6 | 1929 | $10.48 | Jul 2024, $48M |
| 420 Albee Square | 393K SF | 35 | 2025 | $11.19 | n/a |
| 180 Livingston Street | 242K SF | 6 | 1900 | $6.69 | 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
- 396-402 Bridge Street; 471-485 Fulton Street; 151-153 Lawrence Street
- ZIP code
- 11201
- Building type
- Office building with commercial space (city class O5)
- Total floor area
- 130,450 SF
- Commercial floor area
- 130,450 SF
- Office
- 101,929 SF
- Retail
- 28,521 SF
- Height
- 5 floors
- Average floor
- About 26,100 SF (floor area divided by floors)
- Year built
- 1921
- Last major alteration
- 2006
- Lot area
- 30,108 SF
- Zoning district
- C6-4.5
- Built FAR
- 4.33
- Max commercial FAR
- 12
- Tax lot (BBL)
- 3001520006
Nearest subway
- Jay St-MetroTech
- Hoyt St
- Hoyt-Schermerhorn Sts
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 FULTON ST REALTY VENTURE as the owner of record. For tax year 2026/27 the city values 485 Fulton Street at $48.4 million and assesses it at $21.8 million. After phase-ins and exemptions its taxable value is $21.8 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 $2.36 million a year before abatements, roughly $18.12 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
- FULTON ST REALTY VENTURE
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $48,426,000
- Land market value
- $7,910,000
- Assessed value
- $21,791,700
- Estimated yearly tax
- About $2.36 million
- Tax per SF of floor area
- About $18.12
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
How to find who owns any NYC buildingSource: 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; 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
485 Fulton Street last sold in September 2026 in a $83.5 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. FULTON STREET REALTY VENTURE, L.L.C sold it to FOUR EIGHTY FIVE LLC.
- Last sale (deed date)
- September 16, 2026
- Combined price
- $83,500,000 for 2 tax lots
- Seller
- FULTON STREET REALTY VENTURE, L.L.C
- Buyer
- FOUR EIGHTY FIVE LLC
- Deed recorded
- September 23, 2026
- ACRIS document
- 2026091700873001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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; a price for several tax lots is the combined price, not this building's alone.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
485 Fulton Street'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 31.1 kBtu per square foot, about the same as the national median of 32.5 for a similar property. Its greenhouse gas emissions were about 460 metric tons of CO2e (3.53 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Mixed Use Property
- Site energy use intensity
- 31.1 kBtu/SF
- National median for the type
- 32.5 kBtu/SF
- Greenhouse gas emissions
- 460 t CO2e
- Emissions per SF
- 3.53 kg CO2e
- Floor area in the filing
- 130,450 SF
Energy sources in 2024
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.
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 485 Fulton Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2). The newest build-out, on floors 1 and 2, was first permitted in February 2026 (construction; filed cost estimate $74,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- February 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1 and 2
- Facade and sidewalk jobs, last 24 months
- 1
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 2026-10-24 (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 485 Fulton Street
How big is 485 Fulton Street?
485 Fulton Street has about 130,000 square feet of floor area in total, including 102,000 square feet of office and 29,000 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 485 Fulton Street built?
City records list 1921 as the year built, with a major alteration recorded in 2006. The building is 5 floors tall.
What other addresses does 485 Fulton Street have?
City records list 396-402 Bridge Street, 471-485 Fulton Street and 151-153 Lawrence Street on the same tax lot (BBL 3001520006) as 485 Fulton Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 485 Fulton Street?
485 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 485 Fulton Street, Brooklyn, NY 11201, in Downtown Brooklyn.
What is the zoning at 485 Fulton Street?
The lot is in the C6-4.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.33 and a maximum commercial FAR of 12 for this lot.
What subway station is closest to 485 Fulton Street?
The closest subway station to 485 Fulton Street is Jay St-MetroTech (the A, C, F and R trains), about 300 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: Hoyt St (the 2 and 3 trains), 1 min walk; Hoyt-Schermerhorn Sts (the A, C and G trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 485 Fulton Street?
The NYC Department of Finance's 2026/27 assessment roll lists FULTON ST REALTY VENTURE as the owner of record of 485 Fulton Street (BBL 3001520006). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 485 Fulton Street last sold?
485 Fulton Street last sold in September 2026 in a $83.5 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. FULTON STREET REALTY VENTURE, L.L.C sold it to FOUR EIGHTY FIVE LLC. The deed is ACRIS document 2026091700873001 (BBL 3001520006) 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 485 Fulton Street have an energy grade?
485 Fulton Street'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 31.1 kBtu per square foot, about the same as the national median of 32.5 for a similar property. Its greenhouse gas emissions were about 460 metric tons of CO2e (3.53 kg per square foot).
Is there construction at 485 Fulton Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 485 Fulton Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2). The newest build-out, on floors 1 and 2, was first permitted in February 2026 (construction; filed cost estimate $74,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3001520006. 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 485 Fulton Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $21.8 million for 485 Fulton Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.36 million a year, roughly $18.12 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3001520006 show the actual bill.
What is the assessed value of 485 Fulton Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 485 Fulton Street at $48.4 million ($7.91 million of it land) and its assessed value at $21.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 16% from 2022/23 ($41.8 million) to 2026/27.
Is there office space for lease at 485 Fulton Street?
No space at 485 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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