Factory and industrial building · Hunts Point, Bronx

500 Worthen Street

Bronx, NY 10474

500 Worthen Street is a 1-floor factory and industrial building in Hunts Point, Bronx, built in 1947, with about 40,000 square feet of industrial and storage space according to city records.

Also at 1181 Oak Point Avenue and 500-534 Worthen Street.

Industrial and storage space
40K SF
Floors
1
Year built
1947
Zoning
M1-2

Industrial and storage space next to its nearest neighbors

  1. 515 Truxton Street3 min walk63K SF
  2. 1154 Oak Point Avenue2 min walk62K SF
  3. 500 Worthen StreetThis building40K SF

The 19th largest of the 22 industrial and storage buildings we track in Hunts Point. Compare it with 6 neighbors

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Compared with its neighbors

How 500 Worthen Street compares

Next to the 6 nearest large industrial and storage buildings, all within a 6 minute walk, 500 Worthen Street ranks 6th of 7 by industrial and storage floor area. It went up in 1947; the median neighbor dates from 1960. Its estimated property tax, about $4.03 a square foot of floor area before abatements, is below the neighbors' median of $5.03.

500 Worthen Street and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingIndustrial and storage spaceFloorsBuiltTax / SFLast sale
500 Worthen StreetThis building40K SF11947$4.03n/a
1154 Oak Point Avenue2 min walk62K SF21958Exemptn/a
515 Truxton Street3 min walk63K SF11962$5.14n/a
1120 Leggett Avenue3 min walk63K SF11927$3.76n/a
550 Barry Street4 min walk53K SF51907$4.25Nov 2009, $4.1M
1110 Oak Point Avenue4 min walk67K SF31993$7.75Jun 2021, $92.5M (2 lots)
310 Tiffany Street6 min walk40K SF21964$5.03May 2025, $10.3M
The 19th largest of the 22 industrial and storage buildings we track in Hunts Point: see the full list

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
1181 Oak Point Avenue; 500-534 Worthen Street
ZIP code
10474
Building type
Factory and industrial building (city class F1)
Total floor area
40,000 SF
Commercial floor area
40,000 SF
Industrial and storage
40,000 SF
Height
1 floor
Year built
1947
Lot area
40,000 SF
Zoning district
M1-2
Built FAR
1
Max commercial FAR
2
Tax lot (BBL)
2027680137

Nearest subway

  • Longwood Av10 min walk · Not accessible
  • E 149 St14 min walk · Accessible station
  • Hunts Point Av15 min walk · Accessible station

Nearby large buildings

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

Owner, property tax and assessed value

The Department of Finance lists MIDLAND STEEL WAREHOUSE CORPORATION as the owner of record. For tax year 2026/27 the city values 500 Worthen Street at $3.8 million and assesses it at $1.71 million. After phase-ins and exemptions its taxable value is $1.49 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 $161,347 a year before abatements, roughly $4.03 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
MIDLAND STEEL WAREHOUSE CORPORATION
Tax class
Class 4 (commercial and industrial)
City market value
$3,796,000
Land market value
$670,000
Assessed value
$1,708,200
Taxable value (phased in)
$1,487,340
Estimated yearly tax
About $161,347
Tax per SF of floor area
About $4.03

City market value by tax year

  • 2022/23$2.48 million
  • 2023/24$3.23 million
  • 2024/25$3.48 million
  • 2025/26$3.53 million
  • 2026/27$3.8 million

Market value rose 53% from 2022/23 ($2.48 million) to 2026/27.

How Hunts Point compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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 energy benchmarking (Local Law 84)

Energy score, grade and emissions

500 Worthen Street 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 14.4 kBtu per square foot, 25% below the national median of 19.1 for a similar property. Its greenhouse gas emissions were about 66.5 metric tons of CO2e (1.66 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)
Non-Refrigerated Warehouse
Site energy use intensity
14.4 kBtu/SF
National median for the type
19.1 kBtu/SF
Greenhouse gas emissions
66.5 t CO2e
Emissions per SF
1.66 kg CO2e
Floor area in the filing
40,000 SF

ENERGY STAR score by year

  • 202265 (C)
  • 202359 (C)
  • 202465 (C)

Energy sources in 2024

  • Electricity100%

Share of the energy used on site, as filed.

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. 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, 500 Worthen Street comes to about 49 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 170 tons for 2024 to 2029 (29% of the limit), so it would owe no penalty. From 2030 the limit drops to 35 tons and the same energy use counts as about 25 tons, still under the limit.

Period
2024 to 2029
Emissions limit
170 t CO2e
Estimated emissions
49 t CO2e
Under the limit by
122 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
35 t CO2e
Estimated emissions
25 t CO2e
Under the limit by
11 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Non-Refrigerated Warehouse 40,000 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.

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Questions about 500 Worthen Street

How big is 500 Worthen Street?

500 Worthen Street has about 40,000 square feet of floor area in total, including 40,000 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 500 Worthen Street built?

City records list 1947 as the year built. The building is 1 floor tall.

What other addresses does 500 Worthen Street have?

City records list 1181 Oak Point Avenue and 500-534 Worthen Street on the same tax lot (BBL 2027680137) as 500 Worthen Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 500 Worthen Street?

500 Worthen Street is in ZIP code 10474, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 500 Worthen Street, Bronx, NY 10474, in Hunts Point.

What is the zoning at 500 Worthen Street?

The lot is in the M1-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 1 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 500 Worthen Street?

The closest subway station to 500 Worthen Street is Longwood Av (the 6 train), about 0.5 miles away in a straight line, roughly 10 minutes on foot. Also nearby: E 149 St (the 6 train), 14 min walk; Hunts Point Av (the 6 train), 15 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 500 Worthen Street?

The NYC Department of Finance's 2026/27 assessment roll lists MIDLAND STEEL WAREHOUSE CORPORATION as the owner of record of 500 Worthen Street (BBL 2027680137). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

What is the energy grade of 500 Worthen Street?

500 Worthen Street 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 14.4 kBtu per square foot, 25% below the national median of 19.1 for a similar property. Its greenhouse gas emissions were about 66.5 metric tons of CO2e (1.66 kg per square foot).

Does 500 Worthen Street meet Local Law 97?

At its 2024 energy use, 500 Worthen Street comes to about 49 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 170 tons for 2024 to 2029 (29% of the limit), so it would owe no penalty. From 2030 the limit drops to 35 tons and the same energy use counts as about 25 tons, still under the limit. 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.

What are the property taxes at 500 Worthen Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.49 million for 500 Worthen Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $161,347 a year, roughly $4.03 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2027680137 show the actual bill.

What is the assessed value of 500 Worthen Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 500 Worthen Street at $3.8 million ($670,000 of it land) and its assessed value at $1.71 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 53% from 2022/23 ($2.48 million) to 2026/27.

Is there industrial and storage space for lease at 500 Worthen Street?

No space at 500 Worthen 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.

2,492 buildings from city records

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