Warehouse · Red Hook, Brooklyn
61 Otsego Street
Brooklyn, NY 11231
61 Otsego Street is a 4-floor warehouse in Red Hook, Brooklyn, built in 1981, with about 55,000 square feet of industrial and storage space according to city records.
Also at 2-20 Bay Street, 61-79 Otsego Street and 1-23 Sigourney Street.
- Industrial and storage space
- 55K SF
- Floors
- 4
- Year built
- 1981
- Zoning
- M1-1
The 17th largest of the 24 industrial and storage buildings we track in Red Hook. Compare it with 6 neighbors
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Compared with its neighbors
How 61 Otsego Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 7 minute walk, 61 Otsego Street ranks 5th of 7 by industrial and storage floor area. It went up in 1981; the median neighbor dates from 1973. Its estimated property tax, about $5.69 a square foot of floor area before abatements, is below the neighbors' median of $7.13.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 61 Otsego Street | 55K SF | 4 | 1981 | $5.69 | Jun 2005, $7M |
| 537 Columbia Street | 96K SF | 1 | 2019 | $11.22 | n/a |
| 640 Columbia Street | 478K SF | 3 | 2020 | $7.44 | n/a |
| 110 Beard Street | 79K SF | 2 | 1900 | $3.38 | Aug 2022, $34M (3 lots) |
| 280 Richards Street | 133K SF | 1 | 2021 | $10.14 | Dec 2024, $156M |
| 784 Henry Street | 40K SF | 1 | 1925 | $5.49 | Mar 2005, $9.3M (2 lots) |
| 744 Clinton Street | 45K SF | 1 | 1927 | $6.83 | Mar 2005, $9.3M (2 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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 2-20 Bay Street; 61-79 Otsego Street; 1-23 Sigourney Street
- ZIP code
- 11231
- Building type
- Warehouse (city class E9)
- Total floor area
- 55,196 SF
- Commercial floor area
- 55,196 SF
- Industrial and storage
- 55,196 SF
- Height
- 4 floors
- Average floor
- About 13,800 SF (floor area divided by floors)
- Year built
- 1981
- Lot area
- 16,211 SF
- Zoning district
- M1-1
- Built FAR
- 3.4
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3006010001
Nearest subway
- Smith-9 Sts
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists 20 BAY STREET REALTY as the owner of record. For tax year 2026/27 the city values 61 Otsego Street at $6.44 million and assesses it at $2.9 million. After phase-ins and exemptions its taxable value is $2.9 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 $314,277 a year before abatements, roughly $5.69 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
- 20 BAY STREET REALTY
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $6,438,000
- Land market value
- $728,000
- Assessed value
- $2,897,100
- Estimated yearly tax
- About $314,277
- Tax per SF of floor area
- About $5.69
City market value by tax year
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How to find who owns any NYC buildingSource: 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 61 Otsego 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
61 Otsego Street last sold in June 2005 for $7 million, according to the deed recorded with the city. KMK REALTY CORP. sold it to 20 BAY STREET REALTY LLC. That comes to about $127 per square foot of floor area.
- Last sale (deed date)
- June 29, 2005
- Price
- $7,000,000
- Price per SF of floor area
- About $127
- Seller
- KMK REALTY CORP.
- Buyer
- 20 BAY STREET REALTY LLC
- Deed recorded
- July 15, 2005
- ACRIS document
- 2005070101179002
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.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
61 Otsego Street reported an ENERGY STAR score of 52 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 21.8 kBtu per square foot, about the same as the national median of 22.9 for a similar property. Its greenhouse gas emissions were about 120 metric tons of CO2e (2.17 kg per square foot).
- ENERGY STAR score (2024)
- 52 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 21.8 kBtu/SF
- National median for the type
- 22.9 kBtu/SF
- Greenhouse gas emissions
- 120 t CO2e
- Emissions per SF
- 2.17 kg CO2e
- Floor area in the filing
- 55,186 SF
ENERGY STAR score by year
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 2026-10-16; 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, 61 Otsego Street comes to about 92 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 235 tons for 2024 to 2029 (39% of the limit), so it would owe no penalty. From 2030 the limit drops to 49 tons and the same energy use counts as about 54 tons, about 6 tons over, or an estimated $1,500 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 235 t CO2e
- Estimated emissions
- 92 t CO2e
- Under the limit by
- 143 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 49 t CO2e
- Estimated emissions
- 54 t CO2e
- Over the limit by
- 6 t CO2e
- Estimated penalty a year
- $1,500
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Non-Refrigerated Warehouse 55,186 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 61 Otsego Street? List a space here free and we match it against every active requirement.
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 61 Otsego Street.
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- March 2026
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Red HookWhere NYC offices are being built out
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 industrial and storage space listed in Red Hook yet
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Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
What does $/SF/yr mean? How to calculate rent per square foot
$/SF/yr is a year's rent for one square foot. How to turn it into a monthly bill, spot a monthly quote, and see what the rate leaves out before you compare spaces.
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 61 Otsego Street
How big is 61 Otsego Street?
61 Otsego Street has about 55,000 square feet of floor area in total, including 55,000 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 61 Otsego Street built?
City records list 1981 as the year built. The building is 4 floors tall.
What other addresses does 61 Otsego Street have?
City records list 2-20 Bay Street, 61-79 Otsego Street and 1-23 Sigourney Street on the same tax lot (BBL 3006010001) as 61 Otsego Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 61 Otsego Street?
61 Otsego Street is in ZIP code 11231, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 61 Otsego Street, Brooklyn, NY 11231, in Red Hook.
What is the zoning at 61 Otsego Street?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 3.4 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 61 Otsego Street?
The closest subway station to 61 Otsego Street is Smith-9 Sts (the F and G trains), about 0.7 miles away in a straight line, roughly 15 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 61 Otsego Street?
The NYC Department of Finance's 2026/27 assessment roll lists 20 BAY STREET REALTY as the owner of record of 61 Otsego Street (BBL 3006010001). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 61 Otsego Street last sold?
61 Otsego Street last sold in June 2005 for $7 million, according to the deed recorded with the city. KMK REALTY CORP. sold it to 20 BAY STREET REALTY LLC. That comes to about $127 per square foot of floor area. The deed is ACRIS document 2005070101179002 (BBL 3006010001) 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 61 Otsego Street?
61 Otsego Street reported an ENERGY STAR score of 52 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 52 earns a D. 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 21.8 kBtu per square foot, about the same as the national median of 22.9 for a similar property. Its greenhouse gas emissions were about 120 metric tons of CO2e (2.17 kg per square foot).
Does 61 Otsego Street meet Local Law 97?
At its 2024 energy use, 61 Otsego Street comes to about 92 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 235 tons for 2024 to 2029 (39% of the limit), so it would owe no penalty. From 2030 the limit drops to 49 tons and the same energy use counts as about 54 tons, about 6 tons over, or an estimated $1,500 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 61 Otsego Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 61 Otsego Street. These are the Department of Buildings' DOB NOW work permits for tax lot 3006010001. 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 61 Otsego Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.9 million for 61 Otsego Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $314,277 a year, roughly $5.69 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3006010001 show the actual bill.
What is the assessed value of 61 Otsego Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 61 Otsego Street at $6.44 million ($728,000 of it land) and its assessed value at $2.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 11% from 2022/23 ($7.21 million) to 2026/27.
Is there industrial and storage space for lease at 61 Otsego Street?
No space at 61 Otsego 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.
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Red Hook
Transit hubs in Red Hook
- F G at Smith-9 Sts
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