Warehouse · East New York, Brooklyn
506 Cozine Avenue
Brooklyn, NY 11208
506 Cozine Avenue is a 1-floor warehouse in East New York, Brooklyn, built in 1963, with about 45,000 square feet of industrial and storage space according to city records.
Also at 1045 Essex Street and 1032-1054 Shepherd Avenue.
- Industrial and storage space
- 45K SF
- Floors
- 1
- Year built
- 1963
- Zoning
- M1-1
The 24th largest of the 40 industrial and storage buildings we track in East New York. Compare it with 6 neighbors
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Compared with its neighbors
How 506 Cozine Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 2 minute walk, 506 Cozine Avenue ranks 4th of 7 by industrial and storage floor area. It went up in 1963; the median neighbor dates from 1963. Its estimated property tax, about $5.41 a square foot of floor area before abatements, is above the neighbors' median of $5.06.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 506 Cozine Avenue | 45K SF | 1 | 1963 | $5.41 | n/a |
| 987 Essex Street | 35K SF | 1 | 1959 | $5.67 | n/a |
| 1101 Linwood Street | 137K SF | 2 | 1960 | $5.06 | n/a |
| 530 Cozine Avenue | 93K SF | 1 | 1966 | $4.70 | Aug 2005, $9.2M |
| 1002 Essex Street | 42K SF | 2 | 1967 | $3.54 | Nov 2014, $6.3M (2 lots) |
| 959 Essex Street | 41K SF | 1 | 1951 | Exempt | n/a |
| 554 Cozine Avenue | 106K SF | 1 | 2019 | $15.30 | Apr 2022, $228M (3 lots) |
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
- 1045 Essex Street; 1032-1054 Shepherd Avenue
- ZIP code
- 11208
- Building type
- Warehouse (city class E1)
- Total floor area
- 45,144 SF
- Commercial floor area
- 45,144 SF
- Industrial and storage
- 45,144 SF
- Height
- 1 floor
- Year built
- 1963
- Last major alteration
- 2014
- Lot area
- 40,000 SF
- Zoning district
- M1-1
- Built FAR
- 1.13
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3044290001
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 506 COZINE AVENUE LLC as the owner of record. For tax year 2026/27 the city values 506 Cozine Avenue at $5.72 million and assesses it at $2.57 million. After phase-ins and exemptions its taxable value is $2.25 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 $244,025 a year before abatements, roughly $5.41 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
- 506 COZINE AVENUE LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $5,720,000
- Land market value
- $1,600,000
- Assessed value
- $2,574,000
- Taxable value (phased in)
- $2,249,490
- Estimated yearly tax
- About $244,025
- Tax per SF of floor area
- About $5.41
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 Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 506 Cozine Avenue in the 12 months to October 2026; the last one was first permitted in September 2023.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- September 2023
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across East New YorkWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). 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 506 Cozine Avenue
How big is 506 Cozine Avenue?
506 Cozine Avenue has about 45,000 square feet of floor area in total, including 45,000 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 506 Cozine Avenue built?
City records list 1963 as the year built, with a major alteration recorded in 2014. The building is 1 floor tall.
What other addresses does 506 Cozine Avenue have?
City records list 1045 Essex Street and 1032-1054 Shepherd Avenue on the same tax lot (BBL 3044290001) as 506 Cozine Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 506 Cozine Avenue?
506 Cozine Avenue is in ZIP code 11208, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 506 Cozine Avenue, Brooklyn, NY 11208, in East New York.
What is the zoning at 506 Cozine Avenue?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.13 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 506 Cozine Avenue?
The closest subway station to 506 Cozine Avenue is New Lots Av (the 3 train), about 0.7 miles away in a straight line, roughly 14 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 506 Cozine Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 506 COZINE AVENUE LLC as the owner of record of 506 Cozine Avenue (BBL 3044290001). 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.
Is there construction at 506 Cozine Avenue?
The Department of Buildings issued no permits for new jobs at 506 Cozine Avenue in the 12 months to October 2026; the last one was first permitted in September 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 3044290001. 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 506 Cozine Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.25 million for 506 Cozine Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $244,025 a year, roughly $5.41 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3044290001 show the actual bill.
What is the assessed value of 506 Cozine Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 506 Cozine Avenue at $5.72 million ($1.6 million of it land) and its assessed value at $2.57 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 42% from 2022/23 ($4.03 million) to 2026/27.
Is there industrial and storage space for lease at 506 Cozine Avenue?
No space at 506 Cozine 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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