Warehouse · Sunset Park, Brooklyn

5714 1st Avenue

Brooklyn, NY 11220

5714 1st Avenue is a 2-floor warehouse in Sunset Park, Brooklyn, built in 1917, with about 90,000 square feet of industrial and storage space according to city records.

Also at 5714-5728 1st Avenue.

Industrial and storage space
90K SF
Floors
2
Year built
1917
Zoning
M2-1

Industrial and storage space next to its nearest neighbors

  1. 5600 1st Avenue4 min walk316K SF
  2. 170 53rd Street5 min walk162K SF
  3. 5714 1st AvenueThis building90K SF

The 16th largest of the 18 industrial and storage buildings we track in Sunset Park. Compare it with 6 neighbors

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Compared with its neighbors

How 5714 1st Avenue compares

Next to the 6 nearest large industrial and storage buildings, all within a 8 minute walk, 5714 1st Avenue ranks 6th of 7 by industrial and storage floor area. Built in 1917, it is the oldest of them. Its estimated property tax, about $3.99 a square foot of floor area before abatements, is below the neighbors' median of $6.06.

5714 1st Avenue and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingIndustrial and storage spaceFloorsBuiltTax / SFLast sale
5714 1st AvenueThis building90K SF21917$3.99Jun 2022, $19.9M
5600 1st Avenue4 min walk316K SF21974Exemptn/a
170 53rd Street5 min walk162K SF31925$5.13n/a
5801 2nd Avenue5 min walk108K SF31931$4.05n/a
150 52nd Street6 min walk82K SF21918$6.06n/a
5112 2nd Avenue7 min walk187K SF31920$6.07Dec 2021, $85M
6301 2nd Avenue8 min walk183K SF51925$6.23n/a
The 16th largest of the 18 industrial and storage buildings we track in Sunset Park: 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 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other address
5714-5728 1st Avenue
ZIP code
11220
Building type
Warehouse (city class E1)
Total floor area
90,080 SF
Commercial floor area
90,080 SF
Industrial and storage
90,080 SF
Height
2 floors
Year built
1917
Lot area
55,955 SF
Zoning district
M2-1
Built FAR
1.61
Max commercial FAR
2
Tax lot (BBL)
3008270012

Nearest subway

  • 59 St10 min walk · Accessible station
  • 53 St11 min walk · Not accessible

Nearby large buildings

All 7 large industrial buildings on 1st Avenue

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 SUTTER AVENUE MANAGEMENT LLC as the owner of record. For tax year 2026/27 the city values 5714 1st Avenue at $10.8 million and assesses it at $4.87 million. After phase-ins and exemptions its taxable value is $3.31 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 $359,032 a year before abatements, roughly $3.99 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
SUTTER AVENUE MANAGEMENT LLC
Tax class
Class 4 (commercial and industrial)
City market value
$10,821,000
Land market value
$1,762,000
Assessed value
$4,869,450
Taxable value (phased in)
$3,309,660
Estimated yearly tax
About $359,032
Tax per SF of floor area
About $3.99

City market value by tax year

  • 2022/23$5.35 million
  • 2023/24$6.49 million
  • 2024/25$7.04 million
  • 2025/26$7.07 million
  • 2026/27$10.8 million

Market value rose 102% from 2022/23 ($5.35 million) to 2026/27.

How Sunset Park compares: property tax per SF across NYC neighborhoods

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 property records (ACRIS)

Sales history

5714 1st Avenue last sold in June 2022 for $19.9 million, according to the deed recorded with the city. DEITSCH REALTY CORP and DEITSCH REALTY CORPORATION sold it to HINSDALE COMMERCIAL PROPERTY LLC, SUTTER AVENUE MANAGEMENT LLC and others. That comes to about $221 per square foot of floor area.

Last sale (deed date)
June 14, 2022
Price
$19,900,000
Price per SF of floor area
About $221
Seller
DEITSCH REALTY CORP and DEITSCH REALTY CORPORATION
Buyer
HINSDALE COMMERCIAL PROPERTY LLC, SUTTER AVENUE MANAGEMENT LLC and others
Deed recorded
June 29, 2022
ACRIS document
2022062100764001
All 5 building sales in Sunset Park since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-03; 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 energy benchmarking (Local Law 84)

Energy use and emissions

5714 1st Avenue'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.

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Manufacturing/Industrial Plant
Floor area in the filing
90,080 SF

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.

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 5714 1st Avenue. In the last two years, interior work was permitted on one floor (floor 3). The newest build-out, on floor 3, was first permitted in July 2026 (mechanical; filed cost estimate $114,000).

New jobs, last 12 months
1
Initial permits, last 12 months
1
Newest job first permitted
July 2026
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
3

Recent build-outs

  • Floor 3July 2026Mechanical; est. $114,000

New jobs by year

  • 20210
  • 20220
  • 20232
  • 20240
  • 20250
  • 2026 to date1

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.

What a requirement here looks like

No live requirements for industrial and storage space in Sunset Park yet. These labeled examples show what tenants post. List a space in 5714 1st Avenue and we match it against every new one automatically.

Want · Flex / Creative / Industrial

Content studio, flex space with freight

Posted by the tenant · Media

Where
Sunset Park, Garment District +1
Size
5,000 to 10,000 SF
Budget
to $45/SF
Move in
Nov 2026
Freight elevatorHigh ceilings
Owners: got a fit?I have a fit

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about 5714 1st Avenue

How big is 5714 1st Avenue?

5714 1st Avenue has about 90,000 square feet of floor area in total, including 90,000 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 5714 1st Avenue built?

City records list 1917 as the year built. The building is 2 floors tall.

What other addresses does 5714 1st Avenue have?

City records list 5714-5728 1st Avenue on the same tax lot (BBL 3008270012) as 5714 1st Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 5714 1st Avenue?

5714 1st Avenue is in ZIP code 11220, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 5714 1st Avenue, Brooklyn, NY 11220, in Sunset Park.

What is the zoning at 5714 1st Avenue?

The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.61 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 5714 1st Avenue?

The closest subway station to 5714 1st Avenue is 59 St (the N and R trains), about 0.5 miles away in a straight line, roughly 10 minutes on foot. The MTA lists it as an accessible station. Also nearby: 53 St (the R train), 11 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 5714 1st Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists SUTTER AVENUE MANAGEMENT LLC as the owner of record of 5714 1st Avenue (BBL 3008270012). 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 5714 1st Avenue last sold?

5714 1st Avenue last sold in June 2022 for $19.9 million, according to the deed recorded with the city. DEITSCH REALTY CORP and DEITSCH REALTY CORPORATION sold it to HINSDALE COMMERCIAL PROPERTY LLC, SUTTER AVENUE MANAGEMENT LLC and others. That comes to about $221 per square foot of floor area. The deed is ACRIS document 2022062100764001 (BBL 3008270012) 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 5714 1st Avenue have an energy grade?

5714 1st Avenue'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.

Is there construction at 5714 1st Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 5714 1st Avenue. In the last two years, interior work was permitted on one floor (floor 3). The newest build-out, on floor 3, was first permitted in July 2026 (mechanical; filed cost estimate $114,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3008270012. 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 5714 1st Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.31 million for 5714 1st Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $359,032 a year, roughly $3.99 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3008270012 show the actual bill.

What is the assessed value of 5714 1st Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 5714 1st Avenue at $10.8 million ($1.76 million of it land) and its assessed value at $4.87 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 102% from 2022/23 ($5.35 million) to 2026/27.

Is there industrial and storage space for lease at 5714 1st Avenue?

No space at 5714 1st 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.

1,935 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.