Owner-user buying a Brooklyn building
Posted by the buyer · Food production
- Where
- Bushwick, Sunset Park +1
- Size
- 5,000 to 12,000 SF
- Budget
- to $5M
- Move in
- Mar 2027
Warehouse · Sunset Park, Brooklyn
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.
The 16th largest of the 18 industrial and storage buildings we track in Sunset Park. Compare it with 6 neighbors
No space at 5714 1st Avenue 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 Sunset Park and hear the moment a tenant posts a requirement there.
Compared with its neighbors
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.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 5714 1st Avenue | 90K SF | 2 | 1917 | $3.99 | Jun 2022, $19.9M |
| 5600 1st Avenue | 316K SF | 2 | 1974 | Exempt | n/a |
| 170 53rd Street | 162K SF | 3 | 1925 | $5.13 | n/a |
| 5801 2nd Avenue | 108K SF | 3 | 1931 | $4.05 | n/a |
| 150 52nd Street | 82K SF | 2 | 1918 | $6.06 | n/a |
| 5112 2nd Avenue | 187K SF | 3 | 1920 | $6.07 | Dec 2021, $85M |
| 6301 2nd Avenue | 183K SF | 5 | 1925 | $6.23 | 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
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
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.
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)
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.
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)
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.
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
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).
Build-outs across Sunset ParkWhere NYC offices are being built out
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.
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.
Posted by the buyer · Food production
Posted by the tenant · Media
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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.
City records list 1917 as the year built. The building is 2 floors tall.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.