Kings Plaza

Kings Plaza has about 2.4 million square feet of floor area in total, including 8,000 square feet of office and 1.3 million square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1970 as the year built. The building is 2 floors tall.

Kings Plaza is at 5120 Avenue U in Mill Basin, Brooklyn. City records list 5141 Avenue U, 5145 Avenue U, 5157-5169 Avenue U, 5283 Avenue U, 5301 Avenue U, 5321-5335 Avenue U, 5353-5357 Avenue U, 5371-5373 Avenue U, 5383-5389 Avenue U, 5100 Avenue U, 5400-5406 Avenue U and 5412 Avenue U and 34 more on the same tax lot (BBL 3084700055). A space listed on Leasemark at any of these addresses shows up on this page.

5120 Avenue U is in ZIP code 11234, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. Kings Plaza is at 5120 Avenue U, Brooklyn, NY 11234, in Mill Basin.

The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.65 and a maximum commercial FAR of 2 for this lot.

The closest subway station to Kings Plaza is Kings Hwy (the B and Q trains), about 2.0 miles away in a straight line, roughly 40 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists MACY'S MALL REAL ESTATE, LLC as the owner of record of Kings Plaza (BBL 3084700055). 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.

Kings Plaza last sold in November 2012 in a $276.9 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. ALEXANDER'S KINGS PLAZA LLC and KINGS PARKING LLC sold it to BROOKLYN KINGS PLAZA LLC. The deed is ACRIS document 2012120300520002 (BBL 3084700055) 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.

Kings Plaza's 2023 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 92.9 kBtu per square foot, 35% below the national median of 142.1 for a similar property. Its greenhouse gas emissions were about 13,576 metric tons of CO2e (5.4 kg per square foot). The filing covers 3 tax lots together, so these figures are for the whole property.

In the 12 months to October 2026, the Department of Buildings issued first permits for 26 jobs at Kings Plaza. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the ground floor and the mezzanine). The newest build-out, on floor 1, was first permitted in July 2026 (construction, mechanical, plumbing, sprinklers, structural; filed cost estimate $653,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3084700055. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $142.8 million for Kings Plaza. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $15.5 million a year, roughly $6.45 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3084700055 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of Kings Plaza at $327 million ($81.2 million of it land) and its assessed value at $147.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 8% from 2022/23 ($301.4 million) to 2026/27.

No space at 5120 Avenue U 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.