Shopping center · Williamsburg, Brooklyn
55 Lombardy Street
Brooklyn, NY 11222
55 Lombardy Street is a 1-floor shopping center in Williamsburg, Brooklyn, built in 1999, with about 44,000 square feet of retail space according to city records.
Also at 1-55 Lombardy Street, 632-702 Meeker Avenue and 535 Morgan Avenue.
- Retail space
- 44K SF
- Floors
- 1
- Year built
- 1999
- Zoning
- C7-1
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Compared with its neighbors
How 55 Lombardy Street compares
Next to the 6 nearest large commercial buildings, all within a 9 minute walk, 55 Lombardy Street ranks 5th of 7 by commercial floor area. Built in 1999, it is the newest of them. Its estimated property tax, about $6.29 a square foot of floor area before abatements, is above the neighbors' median of $5.62.
| Building | Commercial space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 55 Lombardy Street | 44K SF | 1 | 1999 | $6.29 | Aug 2013, $16M |
| 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 |
| 268 Norman Avenue | 45K SF | 5 | 1900 | $5.66 | Jun 2010, $5M |
| 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
- 1-55 Lombardy Street; 632-702 Meeker Avenue; 535 Morgan Avenue
- ZIP code
- 11222
- Building type
- Shopping center (city class K6)
- Total floor area
- 43,570 SF
- Commercial floor area
- 43,570 SF
- Retail
- 43,570 SF
- Height
- 1 floor
- Year built
- 1999
- Last major alteration
- 2009
- Lot area
- 100,750 SF
- Zoning district
- C7-1
- Built FAR
- 0.43
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3028170001
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 5 storefronts at 55 Lombardy Street for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. A year earlier, none of 4 did.
- Storefronts registered for December 31, 2025
- 5
- Vacant that day
- 1
- Share vacant here
- 20.0%
- Share vacant across Williamsburg
- 8.6%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Own or lease out a storefront at 55 Lombardy Street? Listing it is free, and it is matched against every active requirement for retail space in Williamsburg the day it goes up.
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2025 filing was due June 1, 2026, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists HEMMER 2 LLC as the owner of record. For tax year 2026/27 the city values 55 Lombardy Street at $14.5 million and assesses it at $6.5 million. After phase-ins and exemptions its taxable value is $2.53 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 $274,074 a year before abatements, roughly $6.29 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
- HEMMER 2 LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $14,451,000
- Land market value
- $2,520,000
- Assessed value
- $6,502,950
- Taxable value (phased in)
- $5,471,110
- Exemptions
- $2,944,620
- Estimated yearly tax
- About $274,074
- Tax per SF of floor area
- About $6.29
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
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.
Own or manage 55 Lombardy Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC property records (ACRIS)
Sales history
55 Lombardy Street last sold in August 2013 for $16 million, according to the deed recorded with the city. MORGAN REALTY ENTERPRISES, LLC sold it to MEEGAN LAND COMPANY LLC and STEVENMETS, LLC. That comes to about $367 per square foot of floor area.
- Last sale (deed date)
- August 1, 2013
- Price
- $16,000,000
- Price per SF of floor area
- About $367
- Seller
- MORGAN REALTY ENTERPRISES, LLC
- Buyer
- MEEGAN LAND COMPANY LLC and STEVENMETS, LLC
- Deed recorded
- August 26, 2013
- ACRIS document
- 2013080700307001
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.
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 10 jobs at 55 Lombardy Street. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1 and the roof, was first permitted in December 2025 (construction, mechanical, plumbing, sprinklers, structural; filed cost estimate $1.1 million).
- New jobs, last 12 months
- 10
- Initial permits, last 12 months
- 11
- Newest job first permitted
- July 2026
- Interior build-outs, last 24 months
- 3
- Floors with interior work, last 24 months
- 1
- Facade and sidewalk jobs, last 24 months
- 1
Recent build-outs
New jobs by year
Build-outs across WilliamsburgWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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.
No retail space listed in Williamsburg yet
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Before you sign
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Questions about 55 Lombardy Street
How big is 55 Lombardy Street?
55 Lombardy Street has about 44,000 square feet of floor area in total, including 44,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 55 Lombardy Street built?
City records list 1999 as the year built, with a major alteration recorded in 2009. The building is 1 floor tall.
What other addresses does 55 Lombardy Street have?
City records list 1-55 Lombardy Street, 632-702 Meeker Avenue and 535 Morgan Avenue on the same tax lot (BBL 3028170001) as 55 Lombardy Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 55 Lombardy Street?
55 Lombardy Street 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 55 Lombardy Street, Brooklyn, NY 11222, in Williamsburg.
What is the zoning at 55 Lombardy Street?
The lot is in the C7-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.43 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 55 Lombardy Street?
The closest subway station to 55 Lombardy Street is Graham Av (the L train), about 0.6 miles away in a straight line, roughly 12 minutes on foot. Also nearby: Nassau Av (the G train), 13 min walk; Grand St (the L train), 14 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 55 Lombardy Street?
The NYC Department of Finance's 2026/27 assessment roll lists HEMMER 2 LLC as the owner of record of 55 Lombardy Street (BBL 3028170001). 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 55 Lombardy Street last sold?
55 Lombardy Street last sold in August 2013 for $16 million, according to the deed recorded with the city. MORGAN REALTY ENTERPRISES, LLC sold it to MEEGAN LAND COMPANY LLC and STEVENMETS, LLC. That comes to about $367 per square foot of floor area. The deed is ACRIS document 2013080700307001 (BBL 3028170001) 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 55 Lombardy Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 10 jobs at 55 Lombardy Street. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1 and the roof, was first permitted in December 2025 (construction, mechanical, plumbing, sprinklers, structural; filed cost estimate $1.1 million). These are the Department of Buildings' DOB NOW work permits for tax lot 3028170001. 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 55 Lombardy Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.53 million for 55 Lombardy Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $274,074 a year, roughly $6.29 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3028170001 show the actual bill.
What is the assessed value of 55 Lombardy Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 55 Lombardy Street at $14.5 million ($2.52 million of it land) and its assessed value at $6.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 19% from 2022/23 ($12.1 million) to 2026/27.
Are there vacant storefronts at 55 Lombardy Street?
Owners registered 5 storefronts at 55 Lombardy Street for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. A year earlier, none of 4 did. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there retail space for lease at 55 Lombardy Street?
No space at 55 Lombardy 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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