Self-storage building · Canarsie, Brooklyn
507 Osborn Street
Brooklyn, NY 11212
507 Osborn Street is a 1-floor self-storage building in Canarsie, Brooklyn, built in 1958, with about 55,000 square feet of industrial and storage space according to city records.
- Industrial and storage space
- 55K SF
- Floors
- 1
- Year built
- 1958
- Zoning
- M1-1
The 15th largest of the 16 industrial and storage buildings we track in Canarsie. Compare it with 6 neighbors
No space at 507 Osborn Street is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Canarsie and hear the moment a tenant posts a requirement there.
Compared with its neighbors
How 507 Osborn Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 11 minute walk, 507 Osborn Street ranks 6th of 7 by industrial and storage floor area. It went up in 1958; the median neighbor dates from 1971. Its estimated property tax, about $6.12 a square foot of floor area before abatements, is above the neighbors' median of $4.40.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 507 Osborn Street | 55K SF | 1 | 1958 | $6.12 | Jan 2026, $26.7M |
| 10203 Avenue D | 195K SF | 1 | 1968 | $3.40 | n/a |
| 1084 Rockaway Avenue | 79K SF | 2 | 2016 | $6.42 | Oct 2017, $53M |
| 807 Bank Street | 87K SF | 1 | 2023 | $5.53 | n/a |
| 10401 Foster Avenue | 274K SF | 1 | 1971 | $4.70 | n/a |
| 338 De Witt Avenue | 52K SF | 1 | 1956 | $2.45 | Sep 2006, $5.5M |
| 10101 Foster Avenue | 303K SF | 2 | 1972 | $4.10 | 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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- ZIP code
- 11212
- Building type
- Self-storage building (city class E7)
- Total floor area
- 54,858 SF
- Commercial floor area
- 54,858 SF
- Industrial and storage
- 54,858 SF
- Height
- 1 floor
- Year built
- 1958
- Last major alteration
- 2020
- Lot area
- 29,133 SF
- Zoning district
- M1-1
- Built FAR
- 1.88
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3036170001
Nearest subway
- Rockaway Av
- New Lots Av
- Junius St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. 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 507 OSBORN PROPERTY OWNER, L.L.C. as the owner of record. For tax year 2026/27 the city values 507 Osborn Street at $8.34 million and assesses it at $3.75 million. After phase-ins and exemptions its taxable value is $3.09 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 $335,589 a year before abatements, roughly $6.12 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
- 507 OSBORN PROPERTY OWNER, L.L.C.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $8,335,000
- Land market value
- $1,311,000
- Assessed value
- $3,750,750
- Taxable value (phased in)
- $3,093,560
- Estimated yearly tax
- About $335,589
- Tax per SF of floor area
- About $6.12
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 2026-10-03; 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.
NYC property records (ACRIS)
Sales history
507 Osborn Street last sold in January 2026 for $26.7 million, according to the deed recorded with the city. 507 OSBORN STREET OWNER, L.L.C. sold it to 507 OSBORN PROPERTY OWNER, L.L.C.. That comes to about $487 per square foot of floor area.
- Last sale (deed date)
- January 22, 2026
- Price
- $26,716,323
- Price per SF of floor area
- About $487
- Seller
- 507 OSBORN STREET OWNER, L.L.C.
- Buyer
- 507 OSBORN PROPERTY OWNER, L.L.C.
- Deed recorded
- January 26, 2026
- ACRIS document
- 2026012300850002
Recorded sales
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-03; 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.
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 2 jobs at 507 Osborn Street.
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 2
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across CanarsieWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). 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.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
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How to read a New York commercial lease, clause by clause
Walk through a New York commercial lease clause by clause: rent start, escalations, deposit and guaranty, use, alterations, subletting, default and the end of the term.
Questions about 507 Osborn Street
How big is 507 Osborn Street?
507 Osborn Street has about 55,000 square feet of floor area in total, including 55,000 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 507 Osborn Street built?
City records list 1958 as the year built, with a major alteration recorded in 2020. The building is 1 floor tall.
What is the ZIP code of 507 Osborn Street?
507 Osborn Street is in ZIP code 11212, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 507 Osborn Street, Brooklyn, NY 11212, in Canarsie.
What is the zoning at 507 Osborn Street?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.88 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 507 Osborn Street?
The closest subway station to 507 Osborn Street is Rockaway Av (the 3 train), about 0.3 miles away in a straight line, roughly 6 minutes on foot. Also nearby: New Lots Av (the L train), 7 min walk; Junius St (the 3 train), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 507 Osborn Street?
The NYC Department of Finance's 2026/27 assessment roll lists 507 OSBORN PROPERTY OWNER, L.L.C. as the owner of record of 507 Osborn Street (BBL 3036170001). 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 507 Osborn Street last sold?
507 Osborn Street last sold in January 2026 for $26.7 million, according to the deed recorded with the city. 507 OSBORN STREET OWNER, L.L.C. sold it to 507 OSBORN PROPERTY OWNER, L.L.C.. That comes to about $487 per square foot of floor area. The deed is ACRIS document 2026012300850002 (BBL 3036170001) 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.
Is there construction at 507 Osborn Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 507 Osborn Street. These are the Department of Buildings' DOB NOW work permits for tax lot 3036170001. 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 507 Osborn Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.09 million for 507 Osborn Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $335,589 a year, roughly $6.12 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3036170001 show the actual bill.
What is the assessed value of 507 Osborn Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 507 Osborn Street at $8.34 million ($1.31 million of it land) and its assessed value at $3.75 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 19% from 2022/23 ($6.98 million) to 2026/27.
Is there industrial and storage space for lease at 507 Osborn Street?
No space at 507 Osborn 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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Canarsie
Transit hubs in Canarsie
- L at Canarsie-Rockaway Pkwy
- L at East 105 St
- Belt Parkway