Office building with commercial space · Downtown Brooklyn, Brooklyn
Terminal Building
50 Court Street, Brooklyn, NY 11201
The Terminal Building (50 Court Street) is a 13-floor office building with commercial space in Downtown Brooklyn, Brooklyn, built in 1913, with about 110,000 square feet of office space according to city records.
Also at 46-50 Court Street and 194-204 Joralemon Street.
- Office space
- 110K SF
- Floors
- 13
- Year built
- 1913
- Zoning
- C5-2A
The 37th 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 the Terminal Building compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, the Terminal Building ranks 4th of 7 by office floor area. It went up in 1913; the median neighbor dates from 1923. Its estimated property tax, about $12.69 a square foot of floor area before abatements, is close to the neighbors' median of $12.77.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| Terminal Building, 50 Court Street | 110K SF | 13 | 1913 | $12.69 |
| 186 Joralemon Street | 80K SF | 12 | 1922 | $13.95 |
| Temple Bar Building, 44 Court Street | 131K SF | 12 | 1901 | $14.48 |
| Central Building, 191 Joralemon Street | 77K SF | 14 | 1925 | Exempt |
| 32 Court Street | 104K SF | 23 | 1918 | $11.59 |
| 65 Court Street | 308K SF | 18 | 1963 | Exempt |
| Brooklyn Municipal Building, 210 Joralemon Street | 504K SF | 13 | 1926 | $1.43 |
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
- Building name
- Terminal Building
- Other addresses
- 46-50 Court Street; 194-204 Joralemon Street
- ZIP code
- 11201
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 128,000 SF
- Commercial floor area
- 128,000 SF
- Office
- 109,715 SF
- Retail
- 18,285 SF
- Height
- 13 floors
- Average floor
- About 9,800 SF (floor area divided by floors)
- Year built
- 1913
- Last major alteration
- 2022
- Lot area
- 9,452 SF
- Zoning district
- C5-2A
- Built FAR
- 13.54
- Max commercial FAR
- 10
- Historic district
- Borough Hall Skyscraper Historic District
- Tax lot (BBL)
- 3002650043
Nearest subway
- Borough Hall
- Jay St-MetroTech
- Clark St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 3 storefronts at the Terminal Building for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2025
- 3
- Vacant that day
- 0
- Share vacant across Downtown Brooklyn
- 12.4%
- Share vacant along Court Street
- 3.1%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in Downtown Brooklyn? Get matchedNYC storefront vacancy report
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 50 COURT STREET ASSOCIATES as the owner of record. For tax year 2026/27 the city values the Terminal Building at $35 million and assesses it at $15.7 million. After phase-ins and exemptions its taxable value is $15 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 $1.62 million a year before abatements, roughly $12.69 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
- 50 COURT STREET ASSOCIATES
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $34,982,000
- Land market value
- $2,690,000
- Assessed value
- $15,741,900
- Taxable value (phased in)
- $14,973,950
- Estimated yearly tax
- About $1.62 million
- Tax per SF of floor area
- About $12.69
City market value by tax year
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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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
The Terminal Building reported an ENERGY STAR score of 65 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 70.9 kBtu per square foot, 19% below the national median of 87.7 for a similar property. Its greenhouse gas emissions were about 990 metric tons of CO2e (7.25 kg per square foot).
- ENERGY STAR score (2024)
- 65 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 70.9 kBtu/SF
- National median for the type
- 87.7 kBtu/SF
- Greenhouse gas emissions
- 990 t CO2e
- Emissions per SF
- 7.25 kg CO2e
- Floor area in the filing
- 136,546 SF
ENERGY STAR score by year
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. 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, the Terminal Building comes to about 788 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,035 tons for 2024 to 2029 (76% of the limit), so it would owe no penalty. From 2030 the limit drops to 361 tons and the same energy use counts as about 508 tons, about 147 tons over, or an estimated $39,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 1,035 t CO2e
- Estimated emissions
- 788 t CO2e
- Under the limit by
- 247 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 361 t CO2e
- Estimated emissions
- 508 t CO2e
- Over the limit by
- 147 t CO2e
- Estimated penalty a year
- $39,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 126,042 SF; Retail Store 10,504 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.
How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.
Own or manage 50 Court Street? List a space here free and we match it against every active requirement.
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 4 jobs at the Terminal Building. In the last two years, interior work was permitted on 5 floors (floors 1 to 4 and 12 and the mezzanine). The newest build-out, on floor 12, was first permitted in September 2026 (mechanical; filed cost estimate $233,000).
- New jobs, last 12 months
- 4
- Initial permits, last 12 months
- 8
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 3
- Floors with interior work, last 24 months
- 1 to 4 and 12, mezzanine
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.
Landmarks Preservation Commission records
Architecture and history
The Terminal Building was designed by William E. Lehman and built in 1913 in the Renaissance Revival style. It stands in the Borough Hall Skyscraper Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.
- Architect
- William E. Lehman
- Constructed
- 1913
- Style
- Renaissance Revival
- Primary material
- Brick
- Built as
- Office building
Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.
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Before you sign
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Questions about Terminal Building
How big is the Terminal Building?
The Terminal Building has about 128,000 square feet of floor area in total, including 110,000 square feet of office and 18,000 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 the Terminal Building built?
The Landmarks Preservation Commission's building records date the Terminal Building to 1913, designed by William E. Lehman. The building is 13 floors tall.
Who designed the Terminal Building?
William E. Lehman, according to the Landmarks Preservation Commission's building records, which list the style as Renaissance Revival and its original use as an office building.
What is the address of the Terminal Building?
The Terminal Building is at 50 Court Street in Downtown Brooklyn, Brooklyn. City records list 46-50 Court Street and 194-204 Joralemon Street on the same tax lot (BBL 3002650043). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 50 Court Street?
50 Court 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 Terminal Building is at 50 Court Street, Brooklyn, NY 11201, in Downtown Brooklyn.
What is the zoning at the Terminal Building?
The lot is in the C5-2A zoning district. PLUTO lists a built floor area ratio (FAR) of 13.54 and a maximum commercial FAR of 10 for this lot. It is inside the Borough Hall Skyscraper Historic District, so exterior changes go through the Landmarks Preservation Commission.
What subway station is closest to the Terminal Building?
The closest subway station to the Terminal Building is Borough Hall (the 2, 3, 4, 5 and R trains, connected to Court St), about 350 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: Jay St-MetroTech (the A, C, F and R trains), 4 min walk; Clark St (the 2 and 3 trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns the Terminal Building?
The NYC Department of Finance's 2026/27 assessment roll lists 50 COURT STREET ASSOCIATES as the owner of record of the Terminal Building (BBL 3002650043). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of the Terminal Building?
The Terminal Building reported an ENERGY STAR score of 65 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 65 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 70.9 kBtu per square foot, 19% below the national median of 87.7 for a similar property. Its greenhouse gas emissions were about 990 metric tons of CO2e (7.25 kg per square foot).
Does the Terminal Building meet Local Law 97?
At its 2024 energy use, the Terminal Building comes to about 788 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,035 tons for 2024 to 2029 (76% of the limit), so it would owe no penalty. From 2030 the limit drops to 361 tons and the same energy use counts as about 508 tons, about 147 tons over, or an estimated $39,000 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.
Is there construction at the Terminal Building?
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at the Terminal Building. In the last two years, interior work was permitted on 5 floors (floors 1 to 4 and 12 and the mezzanine). The newest build-out, on floor 12, was first permitted in September 2026 (mechanical; filed cost estimate $233,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3002650043. 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 the Terminal Building?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $15 million for the Terminal Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.62 million a year, roughly $12.69 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3002650043 show the actual bill.
What is the assessed value of the Terminal Building?
For tax year 2026/27, the NYC Department of Finance puts the market value of the Terminal Building at $35 million ($2.69 million of it land) and its assessed value at $15.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 9% from 2022/23 ($32.1 million) to 2026/27.
Are there vacant storefronts at the Terminal Building?
Owners registered 3 storefronts at the Terminal Building for December 31, 2025, 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 office space for lease at the Terminal Building?
No space at 50 Court 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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