Factory and industrial building · Bed-Stuy, Brooklyn
544 Park Avenue
Brooklyn, NY 11205
544 Park Avenue is a 5-floor factory and industrial building in Bed-Stuy, Brooklyn, built in 1959, with about 288,000 square feet of industrial and storage space according to city records.
Also at 90-108 Nostrand Avenue, 544-560 Park Avenue and 69-91 Sandford Street.
- Industrial and storage space
- 288K SF
- Floors
- 5
- Year built
- 1959
- Zoning
- M1-1
The largest of the 6 industrial and storage buildings we track in Bed-Stuy. Compare it with 6 neighbors
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Compared with its neighbors
How 544 Park Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 12 minute walk, 544 Park Avenue is the largest by industrial and storage floor area. It went up in 1959; the median neighbor dates from 1940. Its estimated property tax, about $4.40 a square foot of floor area before abatements, is below the neighbors' median of $5.02.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 544 Park Avenue | 288K SF | 5 | 1959 | $4.40 | n/a |
| 39 Walworth Street | 70K SF | 1 | 1964 | $3.73 | Jun 2026, $14M |
| 18 Warsoff Place | 78K SF | 2 | 1930 | $1.33 | n/a |
| 72 Franklin Avenue | 53K SF | 3 | 1938 | $4.81 | n/a |
| 348 Park Avenue | 96K SF | 5 | 1949 | $6.13 | n/a |
| 20 Grand Avenue | 93K SF | 7 | 1919 | $7.81 | Feb 2006, $8.3M |
| 35 Ryerson Street | 280K SF | 9 | 1942 | $5.24 | Jun 2015, $9.4M |
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
- Other addresses
- 90-108 Nostrand Avenue; 544-560 Park Avenue; 69-91 Sandford Street
- ZIP code
- 11205
- Building type
- Factory and industrial building (city class F5)
- Total floor area
- 287,770 SF
- Commercial floor area
- 287,770 SF
- Industrial and storage
- 287,770 SF
- Height
- 5 floors
- Average floor
- About 57,600 SF (floor area divided by floors)
- Year built
- 1959
- Lot area
- 51,450 SF
- Zoning district
- M1-1
- Built FAR
- 5.59
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3017370001
Nearest subway
- Myrtle-Willoughby Avs
- Flushing Av
- Bedford-Nostrand Avs
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; 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 544 PARK AVENUE REALTY LLC as the owner of record. For tax year 2026/27 the city values 544 Park Avenue at $26.9 million and assesses it at $12.1 million. After phase-ins and exemptions its taxable value is $11.7 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 $1.27 million a year before abatements, roughly $4.40 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
- 544 PARK AVENUE REALTY LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $26,854,000
- Land market value
- $2,573,000
- Assessed value
- $12,084,300
- Taxable value (phased in)
- $11,680,870
- Estimated yearly tax
- About $1.27 million
- Tax per SF of floor area
- About $4.40
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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
544 Park Avenue reported an ENERGY STAR score of 37 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 59.2 kBtu per square foot, 23% above the national median of 48.2 for a similar property. Its greenhouse gas emissions were about 1,189 metric tons of CO2e (4.13 kg per square foot).
- ENERGY STAR score (2024)
- 37 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 59.2 kBtu/SF
- National median for the type
- 48.2 kBtu/SF
- Greenhouse gas emissions
- 1,189 t CO2e
- Emissions per SF
- 4.13 kg CO2e
- Floor area in the filing
- 287,770 SF
ENERGY STAR score by year
Energy sources in 2024
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 2026-10-03; 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.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 544 Park Avenue in the 12 months to October 2026; the last one was first permitted in February 2025.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- February 2025
- Interior build-outs, last 24 months
- 0
- Facade and sidewalk jobs, last 24 months
- 1
New jobs by year
Build-outs across Bed-StuyWhere 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
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Questions about 544 Park Avenue
How big is 544 Park Avenue?
544 Park Avenue has about 288,000 square feet of floor area in total, including 288,000 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 544 Park Avenue built?
City records list 1959 as the year built. The building is 5 floors tall.
What other addresses does 544 Park Avenue have?
City records list 90-108 Nostrand Avenue, 544-560 Park Avenue and 69-91 Sandford Street on the same tax lot (BBL 3017370001) as 544 Park Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 544 Park Avenue?
544 Park Avenue is in ZIP code 11205, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 544 Park Avenue, Brooklyn, NY 11205, in Bed-Stuy.
What is the zoning at 544 Park Avenue?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.59 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 544 Park Avenue?
The closest subway station to 544 Park Avenue is Myrtle-Willoughby Avs (the G train), about 0.3 miles away in a straight line, roughly 5 minutes on foot. Also nearby: Flushing Av (the G train), 6 min walk; Bedford-Nostrand Avs (the G train), 10 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 544 Park Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 544 PARK AVENUE REALTY LLC as the owner of record of 544 Park Avenue (BBL 3017370001). 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.
What is the energy grade of 544 Park Avenue?
544 Park Avenue reported an ENERGY STAR score of 37 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 37 earns a D. 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 59.2 kBtu per square foot, 23% above the national median of 48.2 for a similar property. Its greenhouse gas emissions were about 1,189 metric tons of CO2e (4.13 kg per square foot).
Is there construction at 544 Park Avenue?
The Department of Buildings issued no permits for new jobs at 544 Park Avenue in the 12 months to October 2026; the last one was first permitted in February 2025. These are the Department of Buildings' DOB NOW work permits for tax lot 3017370001. 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 544 Park Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $11.7 million for 544 Park Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.27 million a year, roughly $4.40 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3017370001 show the actual bill.
What is the assessed value of 544 Park Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 544 Park Avenue at $26.9 million ($2.57 million of it land) and its assessed value at $12.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 13% from 2022/23 ($23.7 million) to 2026/27.
Is there industrial and storage space for lease at 544 Park Avenue?
No space at 544 Park 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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Bed-Stuy
Transit hubs in Bed-Stuy
- A C at Nostrand Av
- C at Kingston-Throop Avs
- G at Bedford-Nostrand Avs