Office building with commercial space · Dumbo, Brooklyn

55 Prospect Street

Brooklyn, NY 11201

55 Prospect Street is a 10-floor office building with commercial space in Dumbo, Brooklyn, built in 1967, with about 237,000 square feet of office space according to city records.

Also at 107-115 Adams Street, 130-138 Pearl Street and 53-73 Prospect Street.

Office space
237K SF
Floors
10
Year built
1967
Zoning
M1-6

Office space next to its nearest neighbors

  1. 55 Prospect StreetThis building237K SF
  2. 77 Sands Street1 min walk207K SF
  3. 117 Adams Street1 min walk172K SF
  4. 81 Prospect Street1 min walk85K SF

The 4th largest of the 16 office buildings we track in Dumbo. Compare it with 6 neighbors

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Compared with its neighbors

How 55 Prospect Street compares

Next to the 6 nearest large office buildings, all within a 3 minute walk, 55 Prospect Street is the largest by office floor area. Built in 1967, it is the newest of them. Its estimated property tax, about $10.24 a square foot of floor area before abatements, is below the neighbors' median of $11.76.

55 Prospect Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
55 Prospect StreetThis building237K SF101967$10.24Mar 2017, $138M
117 Adams Street1 min walk172K SF81926$14.25Mar 2017, $98.5M
81 Prospect Street1 min walk85K SF91909$10.57May 2024, $33.8M
77 Sands Street1 min walk207K SF121962$12.06Mar 2017, $121M
175 Pearl Street2 min walk151K SF91918$11.76May 2024, $66.5M
160 Adams Street3 min walk66K SF31955Exemptn/a
68 Jay Street3 min walk128K SF101915$8.34n/a
The 4th largest of the 16 office buildings we track in Dumbo: see the full list

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
107-115 Adams Street; 130-138 Pearl Street; 53-73 Prospect Street
ZIP code
11201
Building type
Office building with commercial space (city class O6)
Total floor area
256,057 SF
Commercial floor area
256,057 SF
Office
236,757 SF
Retail
19,300 SF
Height
10 floors
Average floor
About 25,600 SF (floor area divided by floors)
Year built
1967
Last major alteration
2014
Lot area
20,704 SF
Zoning district
M1-6
Built FAR
12.37
Max commercial FAR
10
Tax lot (BBL)
3000630001

Nearest subway

  • York St2 min walk · Not accessible
  • High St3 min walk · Not accessible
  • Clark St7 min walk · Not accessible

Nearby large buildings

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 8 storefronts at 55 Prospect Street for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019.

Storefronts registered for December 31, 2025
8
Vacant that day
3
Share vacant here
37.5%
Share vacant across Dumbo
9.2%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20191 of 12
  • 20205 of 9
  • 20216 of 9
  • 20225 of 9
  • 20234 of 9
  • 20243 of 8
  • 20253 of 8

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 55 Prospect Street? Listing it is free, and it is matched against every active requirement for retail space in Dumbo 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 RFR/K 55 PROSPECT OWNER LLC as the owner of record. For tax year 2026/27 the city values 55 Prospect Street at $55.3 million and assesses it at $24.9 million. After phase-ins and exemptions its taxable value is $24.2 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 $2.62 million a year before abatements, roughly $10.24 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
RFR/K 55 PROSPECT OWNER LLC
Tax class
Class 4 (commercial and industrial)
City market value
$55,344,000
Land market value
$1,210,000
Assessed value
$24,904,800
Taxable value (phased in)
$24,177,690
Estimated yearly tax
About $2.62 million
Tax per SF of floor area
About $10.24

City market value by tax year

  • 2022/23$49.2 million
  • 2023/24$55.5 million
  • 2024/25$53.5 million
  • 2025/26$55.1 million
  • 2026/27$55.3 million

Market value rose 12% from 2022/23 ($49.2 million) to 2026/27.

How Dumbo compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

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 2026-10-16; 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 Prospect 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 Prospect Street last sold in March 2017 for $138.1 million, according to the deed recorded with the city. IMRF WATCHTOWER MEMBER, LLC sold it to KC 55 PROSPECT OWNER LLC, RFR 55 PROSPECT OWNER LLC and others. That comes to about $539 per square foot of floor area.

Last sale (deed date)
March 31, 2017
Price
$138,106,368
Price per SF of floor area
About $539
Seller
IMRF WATCHTOWER MEMBER, LLC
Buyer
KC 55 PROSPECT OWNER LLC, RFR 55 PROSPECT OWNER LLC and others
Deed recorded
April 13, 2017
ACRIS document
2017040700029011

Recorded sales

All 7 building sales in Dumbo since 2016

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.

SEC filings (EDGAR)

Companies with offices here

One investment manager gives 55 Prospect Street as its office address in SEC filings.

Investment manager

Office address on their latest 13F holdings report

  • Square Wave Capital, LLC13F, Aug 2026

Source: U.S. Securities and Exchange Commission, EDGAR, Financial Statement Data Sets (2025 Q4 to 2026 Q3) and Form 13F Data Sets (through August 2026), pulled 2026-10-24; names as filed. The address is the one each company reports to the SEC. This is not a tenant roster: private companies and most smaller firms do not file with the SEC, a company can report a building it owns, and an address can trail a move by a quarter. Care-of addresses, blank check companies and asset-backed issuers are left out.

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NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

55 Prospect Street reported an ENERGY STAR score of 67 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 54.5 kBtu per square foot, 21% below the national median of 69.3 for a similar property. Its greenhouse gas emissions were about 1,250 metric tons of CO2e (4.91 kg per square foot).

ENERGY STAR score (2024)
67 of 100
Grade this score earns (Local Law 33)
C (55 to 69)
Property type (Portfolio Manager)
Office
Site energy use intensity
54.5 kBtu/SF
National median for the type
69.3 kBtu/SF
Greenhouse gas emissions
1,250 t CO2e
Emissions per SF
4.91 kg CO2e
Floor area in the filing
254,356 SF

ENERGY STAR score by year

  • 202276 (B)
  • 202375 (B)
  • 202467 (C)

Energy sources in 2024

  • Electricity60%
  • Natural gas40%

Share of the energy used on site, as filed.

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 2026-10-16; 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.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, 55 Prospect Street comes to about 998 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,928 tons for 2024 to 2029 (52% of the limit), so it would owe no penalty. From 2030 the limit drops to 684 tons and the same energy use counts as about 648 tons, still under the limit.

Period
2024 to 2029
Emissions limit
1,928 t CO2e
Estimated emissions
998 t CO2e
Under the limit by
930 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
684 t CO2e
Estimated emissions
648 t CO2e
Under the limit by
36 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 254,356 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

Own or manage 55 Prospect Street? List a space here free and we match it against every active requirement.

NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 55 Prospect Street in the 12 months to October 2026; the last one was first permitted in October 2022.

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
October 2022
Interior build-outs, last 24 months
0

New jobs by year

  • 202110
  • 20227
  • 20230
  • 20240
  • 20250
  • 2026 to date0

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 office space listed in Dumbo yet

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Before you sign

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Questions about 55 Prospect Street

How big is 55 Prospect Street?

55 Prospect Street has about 256,000 square feet of floor area in total, including 237,000 square feet of office and 19,000 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 Prospect Street built?

City records list 1967 as the year built, with a major alteration recorded in 2014. The building is 10 floors tall.

What other addresses does 55 Prospect Street have?

City records list 107-115 Adams Street, 130-138 Pearl Street and 53-73 Prospect Street on the same tax lot (BBL 3000630001) as 55 Prospect Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 55 Prospect Street?

55 Prospect Street is in ZIP code 11201, 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 Prospect Street, Brooklyn, NY 11201, in Dumbo.

What is the zoning at 55 Prospect Street?

The lot is in the M1-6 zoning district. PLUTO lists a built floor area ratio (FAR) of 12.37 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 55 Prospect Street?

The closest subway station to 55 Prospect Street is York St (the F train), about 450 feet away in a straight line, roughly 2 minutes on foot. Also nearby: High St (the A and C trains), 3 min walk; Clark St (the 2 and 3 trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 55 Prospect Street?

The NYC Department of Finance's 2026/27 assessment roll lists RFR/K 55 PROSPECT OWNER LLC as the owner of record of 55 Prospect Street (BBL 3000630001). 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.

Who are the tenants at 55 Prospect Street?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 55 Prospect Street. One investment manager files 13F holdings reports from the address: Square Wave Capital, LLC. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.

When was 55 Prospect Street last sold?

55 Prospect Street last sold in March 2017 for $138.1 million, according to the deed recorded with the city. IMRF WATCHTOWER MEMBER, LLC sold it to KC 55 PROSPECT OWNER LLC, RFR 55 PROSPECT OWNER LLC and others. That comes to about $539 per square foot of floor area. The deed is ACRIS document 2017040700029011 (BBL 3000630001) 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.

What is the energy grade of 55 Prospect Street?

55 Prospect Street reported an ENERGY STAR score of 67 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 67 earns a C. 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 54.5 kBtu per square foot, 21% below the national median of 69.3 for a similar property. Its greenhouse gas emissions were about 1,250 metric tons of CO2e (4.91 kg per square foot).

Does 55 Prospect Street meet Local Law 97?

At its 2024 energy use, 55 Prospect Street comes to about 998 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,928 tons for 2024 to 2029 (52% of the limit), so it would owe no penalty. From 2030 the limit drops to 684 tons and the same energy use counts as about 648 tons, still under the limit. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

Is there construction at 55 Prospect Street?

The Department of Buildings issued no permits for new jobs at 55 Prospect Street in the 12 months to October 2026; the last one was first permitted in October 2022. These are the Department of Buildings' DOB NOW work permits for tax lot 3000630001. 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 Prospect Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $24.2 million for 55 Prospect Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.62 million a year, roughly $10.24 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3000630001 show the actual bill.

What is the assessed value of 55 Prospect Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 55 Prospect Street at $55.3 million ($1.21 million of it land) and its assessed value at $24.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 12% from 2022/23 ($49.2 million) to 2026/27.

Are there vacant storefronts at 55 Prospect Street?

Owners registered 8 storefronts at 55 Prospect Street for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019. 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 office space for lease at 55 Prospect Street?

No space at 55 Prospect 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.

2,723 buildings from city records

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