Shopping center · Mill Basin, Brooklyn
5702 Avenue U
Brooklyn, NY 11234
5702 Avenue U is a 1-floor shopping center in Mill Basin, Brooklyn, built in 1991, with about 80,000 square feet of retail space according to city records.
Also at 5700-5728 Avenue U and 5700-5728 Kings Plaza.
- Retail space
- 80K SF
- Floors
- 1
- Year built
- 1991
- Zoning
- M3-1
The 4th largest of the 5 retail buildings we track in Mill Basin. Compare it with 4 neighbors
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Compared with its neighbors
How 5702 Avenue U compares
Next to the 4 nearest large retail buildings, all within a 19 minute walk, 5702 Avenue U ranks 4th of 5 by retail floor area. It went up in 1991; the median neighbor dates from 1990. Its estimated property tax, about $13.09 a square foot of floor area before abatements, is above the neighbors' median of $8.84.
| Building | Retail space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 5702 Avenue U | 80K SF | 1 | 1991 | $13.09 | n/a |
| 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) |
| 2570 Flatbush Avenue | 55K SF | 2 | 2018 | $11.89 | n/a |
| 2183 Ralph Avenue | 127K SF | 1 | 1969 | $9.53 | Nov 2019, $85M (3 lots) |
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
- 5700-5728 Avenue U; 5700-5728 Kings Plaza
- ZIP code
- 11234
- Building type
- Shopping center (city class K6)
- Total floor area
- 79,500 SF
- Commercial floor area
- 79,500 SF
- Retail
- 79,500 SF
- Height
- 1 floor
- Year built
- 1991
- Lot area
- 143,000 SF
- Zoning district
- M3-1
- Built FAR
- 0.56
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3084700143
Nearest subway
- Flatbush Av-Brooklyn College
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 4 storefronts at 5702 Avenue U for December 31, 2024, the newest annual filing the city has published, and 2 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, 2024
- 4
- Vacant that day
- 2
- Share vacant across Mill Basin
- 6.5%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Own or lease out a storefront at 5702 Avenue U? Listing it is free, and it is matched against every active requirement for retail space in Mill Basin the day it goes up.
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 KIOP MILL BASIN L P as the owner of record. For tax year 2026/27 the city values 5702 Avenue U at $22.3 million and assesses it at $10.1 million. After phase-ins and exemptions its taxable value is $9.59 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 $1.04 million a year before abatements, roughly $13.09 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
- KIOP MILL BASIN L P
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $22,334,000
- Land market value
- $5,005,000
- Assessed value
- $10,050,300
- Taxable value (phased in)
- $9,594,400
- Estimated yearly tax
- About $1.04 million
- Tax per SF of floor area
- About $13.09
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 5702 Avenue U? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
5702 Avenue U's 2024 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 66.9 kBtu per square foot, 49% below the national median of 130.7 for a similar property. Its greenhouse gas emissions were about 415 metric tons of CO2e (5.22 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Strip Mall
- Site energy use intensity
- 66.9 kBtu/SF
- National median for the type
- 130.7 kBtu/SF
- Greenhouse gas emissions
- 415 t CO2e
- Emissions per SF
- 5.22 kg CO2e
- Floor area in the filing
- 79,500 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 5702 Avenue U comes to about 350 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 939 tons for 2024 to 2029 (37% of the limit), so it would owe no penalty. From 2030 the limit drops to 108 tons and the same energy use counts as about 260 tons, about 152 tons over, or an estimated $41,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 939 t CO2e
- Estimated emissions
- 350 t CO2e
- Under the limit by
- 589 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 108 t CO2e
- Estimated emissions
- 260 t CO2e
- Over the limit by
- 152 t CO2e
- Estimated penalty a year
- $41,000
Estimated from the owner's 2024 Local Law 84 filing (energy by source and floor area by use: Strip Mall 79,500 SF), with 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.
Own or manage 5702 Avenue U? 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 5702 Avenue U in the 12 months to October 2026; the last one was first permitted in September 2021.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- September 2021
- Interior build-outs, last 24 months
- 0
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.
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Questions about 5702 Avenue U
How big is 5702 Avenue U?
5702 Avenue U has about 80,000 square feet of floor area in total, including 80,000 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 5702 Avenue U built?
City records list 1991 as the year built. The building is 1 floor tall.
What other addresses does 5702 Avenue U have?
City records list 5700-5728 Avenue U and 5700-5728 Kings Plaza on the same tax lot (BBL 3084700143) as 5702 Avenue U. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 5702 Avenue U?
5702 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 5702 Avenue U, Brooklyn, NY 11234, in Mill Basin.
What is the zoning at 5702 Avenue U?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.56 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 5702 Avenue U?
The closest subway station to 5702 Avenue U is Flatbush Av-Brooklyn College (the 2 and 5 trains), about 2.1 miles away in a straight line, roughly 43 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Who owns 5702 Avenue U?
The NYC Department of Finance's 2026/27 assessment roll lists KIOP MILL BASIN L P as the owner of record of 5702 Avenue U (BBL 3084700143). 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.
Does 5702 Avenue U have an energy grade?
5702 Avenue U's 2024 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 66.9 kBtu per square foot, 49% below the national median of 130.7 for a similar property. Its greenhouse gas emissions were about 415 metric tons of CO2e (5.22 kg per square foot).
Does 5702 Avenue U meet Local Law 97?
At its 2024 energy use, 5702 Avenue U comes to about 350 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 939 tons for 2024 to 2029 (37% of the limit), so it would owe no penalty. From 2030 the limit drops to 108 tons and the same energy use counts as about 260 tons, about 152 tons over, or an estimated $41,000 a year unless the building cuts its emissions. 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 5702 Avenue U?
The Department of Buildings issued no permits for new jobs at 5702 Avenue U in the 12 months to October 2026; the last one was first permitted in September 2021. These are the Department of Buildings' DOB NOW work permits for tax lot 3084700143. 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 5702 Avenue U?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.59 million for 5702 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 $1.04 million a year, roughly $13.09 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3084700143 show the actual bill.
What is the assessed value of 5702 Avenue U?
For tax year 2026/27, the NYC Department of Finance puts the market value of 5702 Avenue U at $22.3 million ($5 million of it land) and its assessed value at $10.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 16% from 2022/23 ($19.2 million) to 2026/27.
Are there vacant storefronts at 5702 Avenue U?
Owners registered 4 storefronts at 5702 Avenue U for December 31, 2024, the newest annual filing the city has published, and 2 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, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there retail space for lease at 5702 Avenue U?
No space at 5702 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.
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Mill Basin
Transit hubs in Mill Basin
- B41 B46 B47 buses at Kings Plaza
- Q35 bus to the Rockaways
- Belt Parkway