Warehouse · Williamsburg, Brooklyn
505 Morgan Avenue
Brooklyn, NY 11222
505 Morgan Avenue is a 2-floor warehouse in Williamsburg, Brooklyn, built in 1967, with about 35,000 square feet of industrial and storage space according to city records.
Also at 39 Beadel Street, 43-59 Beadel Street, 52 Lombardy Street and 505-525 Morgan Avenue.
- Industrial and storage space
- 35K SF
- Floors
- 2
- Year built
- 1967
- Zoning
- M1-1
The 11th largest of the 11 industrial and storage buildings we track in Williamsburg. Compare it with 6 neighbors
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Compared with its neighbors
How 505 Morgan Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 9 minute walk, 505 Morgan Avenue is the smallest by industrial and storage floor area. It went up in 1967; the median neighbor dates from 1956. Its estimated property tax, about $4.84 a square foot of floor area before abatements, is below the neighbors' median of $5.58.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 505 Morgan Avenue | 35K SF | 2 | 1967 | $4.84 | Aug 2009, $6M (2 lots) |
| 488 Morgan Avenue | 53K SF | 5 | 1918 | $6.00 | n/a |
| 460 Morgan Avenue | 38K SF | 1 | 1956 | $5.58 | n/a |
| 366 Frost Street | 44K SF | 2 | 1960 | $4.44 | Jan 2022, $13.5M |
| 340 Morgan Avenue | 90K SF | 2 | 1938 | $4.48 | n/a |
| 1 Rewe Street | 75K SF | 1 | 1957 | Exempt | n/a |
| 100 Apollo Street | 86K SF | 1 | 1968 | $6.24 | 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
- 39 Beadel Street; 43-59 Beadel Street; 52 Lombardy Street; 505-525 Morgan Avenue
- ZIP code
- 11222
- Building type
- Warehouse (city class E1)
- Total floor area
- 35,100 SF
- Commercial floor area
- 35,100 SF
- Industrial and storage
- 35,100 SF
- Height
- 2 floors
- Year built
- 1967
- Last major alteration
- 2009
- Lot area
- 30,201 SF
- Zoning district
- M1-1
- Built FAR
- 1.16
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3028340034
Nearest subway
- Graham Av
- Nassau Av
- Grand St
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 MORGAN NY GROUPS, LLC as the owner of record. For tax year 2026/27 the city values 505 Morgan Avenue at $3.48 million and assesses it at $1.57 million. After phase-ins and exemptions its taxable value is $1.57 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 $170,026 a year before abatements, roughly $4.84 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
- MORGAN NY GROUPS, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $3,483,000
- Land market value
- $1,027,000
- Assessed value
- $1,567,350
- Estimated yearly tax
- About $170,026
- Tax per SF of floor area
- About $4.84
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 property records (ACRIS)
Sales history
505 Morgan Avenue last sold in August 2009 in a $5.95 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. MORGAN REALTY ENTERPRISES, LLC sold it to MORGAN NY GROUPS, LLC.
- Last sale (deed date)
- August 19, 2009
- Combined price
- $5,950,000 for 2 tax lots
- Seller
- MORGAN REALTY ENTERPRISES, LLC
- Buyer
- MORGAN NY GROUPS, LLC
- Deed recorded
- August 25, 2009
- ACRIS document
- 2009082400270001
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.
No industrial and storage space listed in Williamsburg yet
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Questions about 505 Morgan Avenue
How big is 505 Morgan Avenue?
505 Morgan Avenue has about 35,000 square feet of floor area in total, including 35,000 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 505 Morgan Avenue built?
City records list 1967 as the year built, with a major alteration recorded in 2009. The building is 2 floors tall.
What other addresses does 505 Morgan Avenue have?
City records list 39 Beadel Street, 43-59 Beadel Street, 52 Lombardy Street and 505-525 Morgan Avenue on the same tax lot (BBL 3028340034) as 505 Morgan Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 505 Morgan Avenue?
505 Morgan Avenue is in ZIP code 11222, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 505 Morgan Avenue, Brooklyn, NY 11222, in Williamsburg.
What is the zoning at 505 Morgan Avenue?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.16 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 505 Morgan Avenue?
The closest subway station to 505 Morgan Avenue is Graham Av (the L train), about 0.6 miles away in a straight line, roughly 11 minutes on foot. Also nearby: Nassau Av (the G train), 14 min walk; Grand St (the L train), 14 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 505 Morgan Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists MORGAN NY GROUPS, LLC as the owner of record of 505 Morgan Avenue (BBL 3028340034). 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 505 Morgan Avenue last sold?
505 Morgan Avenue last sold in August 2009 in a $5.95 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. MORGAN REALTY ENTERPRISES, LLC sold it to MORGAN NY GROUPS, LLC. The deed is ACRIS document 2009082400270001 (BBL 3028340034) 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.
What are the property taxes at 505 Morgan Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.57 million for 505 Morgan Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $170,026 a year, roughly $4.84 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3028340034 show the actual bill.
What is the assessed value of 505 Morgan Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 505 Morgan Avenue at $3.48 million ($1.03 million of it land) and its assessed value at $1.57 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 7% from 2022/23 ($3.24 million) to 2026/27.
Is there industrial and storage space for lease at 505 Morgan Avenue?
No space at 505 Morgan 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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