Big-box retail building · Mill Basin, Brooklyn
5602 Avenue U
Brooklyn, NY 11234
5602 Avenue U is a 1-floor big-box retail building in Mill Basin, Brooklyn, built in 2010, with about 121,000 square feet of retail space according to city records.
Also at 5502-5602 Avenue U.
- Retail space
- 121K SF
- Floors
- 1
- Year built
- 2010
- Zoning
- M3-1
The 3rd largest of the 5 retail buildings we track in Mill Basin. Compare it with 3 neighbors
No space at 5602 Avenue U 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 Mill Basin and hear the moment a tenant posts a requirement there.
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How 5602 Avenue U compares
Next to the 3 nearest large retail buildings, all within a 6 minute walk, 5602 Avenue U ranks 2nd of 4 by retail floor area. It went up in 2010; the median neighbor dates from 1991. Its estimated property tax, about $8.16 a square foot of floor area before abatements, is below the neighbors' median of $11.89.
| Building | Retail space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 5602 Avenue U | 121K SF | 1 | 2010 | $8.16 | Nov 2012, $277M (2 lots) |
| Kings Plaza, 5120 Avenue U | 1.3M SF | 2 | 1970 | $6.45 | Nov 2012, $277M (2 lots) |
| 5702 Avenue U | 80K SF | 1 | 1991 | $13.09 | n/a |
| 2570 Flatbush Avenue | 55K SF | 2 | 2018 | $11.89 | 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
- Other address
- 5502-5602 Avenue U
- ZIP code
- 11234
- Building type
- Big-box retail building (city class K8)
- Total floor area
- 120,590 SF
- Commercial floor area
- 120,590 SF
- Retail
- 120,590 SF
- Height
- 1 floor
- Year built
- 2010
- Lot area
- 264,500 SF
- Zoning district
- M3-1
- Built FAR
- 0.46
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3084700114
Nearest subway
- Kings Hwy
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 one storefront at 5602 Avenue U for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 0
- Share vacant across Mill Basin
- 6.5%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Mill Basin? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-05. 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 2024 filing was due June 3, 2025, 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 BROOKLYN KINGS PLAZA LLC as the owner of record. For tax year 2026/27 the city values 5602 Avenue U at $20.7 million and assesses it at $9.29 million. After phase-ins and exemptions its taxable value is $9.07 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 $984,115 a year before abatements, roughly $8.16 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
- BROOKLYN KINGS PLAZA LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $20,652,000
- Land market value
- $7,452,000
- Assessed value
- $9,293,400
- Taxable value (phased in)
- $9,071,860
- Estimated yearly tax
- About $984,115
- Tax per SF of floor area
- About $8.16
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 2026-10-05; 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 5602 Avenue U? List a space here free and we match it against every active requirement.
NYC property records (ACRIS)
Sales history
5602 Avenue U 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.
- Last sale (deed date)
- November 28, 2012
- Combined price
- $276,947,000 for 2 tax lots
- Seller
- ALEXANDER'S KINGS PLAZA LLC and KINGS PARKING LLC
- Buyer
- BROOKLYN KINGS PLAZA LLC
- Deed recorded
- December 7, 2012
- ACRIS document
- 2012120300520002
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-05; 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; a price for several tax lots is the combined price, not this building's alone.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
5602 Avenue U's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 53.8 kBtu per square foot, 11% below the national median of 60.3 for a similar property. Its greenhouse gas emissions were about 560 metric tons of CO2e (4.65 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Wholesale Club/Supercenter
- Site energy use intensity
- 53.8 kBtu/SF
- National median for the type
- 60.3 kBtu/SF
- Greenhouse gas emissions
- 560 t CO2e
- Emissions per SF
- 4.65 kg CO2e
- Floor area in the filing
- 120,590 SF
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 2026-10-05; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
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 1 job at 5602 Avenue U. In the last two years, interior work was permitted on one floor (floor 1 and the mezzanine). The newest build-out, on floor 1, the mezzanine and the roof, was first permitted in August 2026 (mechanical; filed cost estimate $110,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1, mezzanine
Recent build-outs
New jobs by year
Build-outs across Mill BasinWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-05 (permits issued through 2026-10-02). 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.
Good guy guarantee in NYC commercial leases
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
Retail lease terms in New York: percentage rent, escalations and more
A New York retail lease covers much more than rent. Here is what percentage rent, escalations, pass-throughs, use clauses and restaurant terms mean for you.
Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Questions about 5602 Avenue U
How big is 5602 Avenue U?
5602 Avenue U has about 121,000 square feet of floor area in total, including 121,000 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 5602 Avenue U built?
City records list 2010 as the year built. The building is 1 floor tall.
What other addresses does 5602 Avenue U have?
City records list 5502-5602 Avenue U on the same tax lot (BBL 3084700114) as 5602 Avenue U. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 5602 Avenue U?
5602 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. The full mailing address is 5602 Avenue U, Brooklyn, NY 11234, in Mill Basin.
What is the zoning at 5602 Avenue U?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.46 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 5602 Avenue U?
The closest subway station to 5602 Avenue U is Kings Hwy (the B and Q trains), about 2.1 miles away in a straight line, roughly 42 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Who owns 5602 Avenue U?
The NYC Department of Finance's 2026/27 assessment roll lists BROOKLYN KINGS PLAZA LLC as the owner of record of 5602 Avenue U (BBL 3084700114). 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 5602 Avenue U last sold?
5602 Avenue U 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 3084700114) 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.
Does 5602 Avenue U have an energy grade?
5602 Avenue U's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 53.8 kBtu per square foot, 11% below the national median of 60.3 for a similar property. Its greenhouse gas emissions were about 560 metric tons of CO2e (4.65 kg per square foot).
Is there construction at 5602 Avenue U?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 5602 Avenue U. In the last two years, interior work was permitted on one floor (floor 1 and the mezzanine). The newest build-out, on floor 1, the mezzanine and the roof, was first permitted in August 2026 (mechanical; filed cost estimate $110,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3084700114. 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 5602 Avenue U?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.07 million for 5602 Avenue U. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $984,115 a year, roughly $8.16 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3084700114 show the actual bill.
What is the assessed value of 5602 Avenue U?
For tax year 2026/27, the NYC Department of Finance puts the market value of 5602 Avenue U at $20.7 million ($7.45 million of it land) and its assessed value at $9.29 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 4% from 2022/23 ($19.9 million) to 2026/27.
Are there vacant storefronts at 5602 Avenue U?
Owners registered one storefront at 5602 Avenue U for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there retail space for lease at 5602 Avenue U?
No space at 5602 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.
1,952 buildings from city records
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Mill Basin
Transit hubs in Mill Basin
- B41 B46 B47 buses at Kings Plaza
- Q35 bus to the Rockaways
- Belt Parkway