Shopping center · Downtown Brooklyn, Brooklyn
625 Atlantic Avenue
Brooklyn, NY 11217
625 Atlantic Avenue is a 3-floor shopping center in Downtown Brooklyn, Brooklyn, built in 1995, with about 417,000 square feet of retail space according to city records.
Part of Atlantic Center Mall. Also at 623-667 Atlantic Avenue, 149-205 Fort Greene Place, 42-60 Hanson Place, 140-198 South Elliott Place and 1 more.
- Retail space
- 417K SF
- Floors
- 3
- Year built
- 1995
- Zoning
- C6-4
No space at 625 Atlantic 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 Downtown Brooklyn and hear the moment a tenant posts a requirement there.
Compared with its neighbors
How 625 Atlantic Avenue compares
Next to the 6 nearest large commercial buildings, all within a 8 minute walk, 625 Atlantic Avenue ranks 2nd of 7 by commercial floor area. It went up in 1995; the median neighbor dates from 1948. Its property tax is fully exempt on the city's assessment roll.
| Building | Commercial space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 625 Atlantic Avenue | 768K SF | 3 | 1995 | Exempt |
| 139 Flatbush Avenue | 906K SF | n/a | 2003 | Exempt |
| 55 Hanson Place | 300K SF | 14 | 1915 | Exempt |
| 253 Ashland Place | 163K SF | 11 | 2016 | $10.51 |
| 41 Flatbush Avenue | 205K SF | 10 | 1920 | $10.12 |
| 88 3rd Avenue | 100K SF | 2 | 1925 | $9.69 |
| 38 Flatbush Avenue | 246K SF | 7 | 1971 | $9.89 |
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). 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
- Part of
- Atlantic Center Mall
- Other addresses
- 623-667 Atlantic Avenue; 149-205 Fort Greene Place; 42-60 Hanson Place; 140-198 South Elliott Place; 180-206 South Portland Avenue
- ZIP code
- 11217
- Building type
- Shopping center (city class K6)
- Total floor area
- 767,750 SF
- Commercial floor area
- 767,750 SF
- Office
- 72,011 SF
- Retail
- 417,333 SF
- Height
- 3 floors
- Year built
- 1995
- Lot area
- 164,564 SF
- Zoning district
- C6-4
- Built FAR
- 4.67
- Max commercial FAR
- 10
- Tax lot (BBL)
- 3020020001
Nearest subway
- Atlantic Av-Barclays Ctr
- Lafayette Av
- Fulton St
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 17 storefronts at 625 Atlantic Avenue for December 31, 2024, the newest annual filing the city has published, and 4 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
- 17
- Vacant that day
- 4
- Share vacant here
- 23.5%
- Share vacant across Downtown Brooklyn
- 14.6%
- Share vacant along Atlantic Avenue
- 12.3%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Own or lease out a storefront at 625 Atlantic Avenue? Listing it is free, and it is matched against every active requirement for retail space in Downtown Brooklyn 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 2026-10-03. 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 ATLANTIC CENTER FORT GREENE ASSOCIATES L P as the owner of record. For tax year 2026/27 the city values 625 Atlantic Avenue at $146.8 million and assesses it at $66 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- ATLANTIC CENTER FORT GREENE ASSOCIATES L P
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $146,768,000
- Land market value
- $11,500,000
- Assessed value
- $66,045,600
- Exemptions
- $66,045,600
- Estimated yearly tax
- Fully exempt on the roll
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 2026-10-03. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
625 Atlantic 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. Its site energy use came to 109.2 kBtu per square foot, 59% above the national median of 68.7 for a similar property. Its greenhouse gas emissions were about 5,559 metric tons of CO2e (11.35 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Enclosed Mall
- Site energy use intensity
- 109.2 kBtu/SF
- National median for the type
- 68.7 kBtu/SF
- Greenhouse gas emissions
- 5,559 t CO2e
- Emissions per SF
- 11.35 kg CO2e
- Floor area in the filing
- 489,645 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 2026-10-03; 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 4 jobs at 625 Atlantic Avenue. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in March 2026 (construction, plumbing; filed cost estimate $557,000).
- New jobs, last 12 months
- 4
- Initial permits, last 12 months
- 4
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 3
- Floors with interior work, last 24 months
- 1
Recent build-outs
New jobs by year
Build-outs across Downtown BrooklynWhere 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.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
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.
Gross vs net leases in NYC: what tenants actually pay
Gross, modified gross or triple net: how NYC leases split taxes, operating costs and electricity, what the asking rent leaves out, and how to compare two spaces fairly.
How to read a New York commercial lease, clause by clause
Walk through a New York commercial lease clause by clause: rent start, escalations, deposit and guaranty, use, alterations, subletting, default and the end of the term.
Questions about 625 Atlantic Avenue
How big is 625 Atlantic Avenue?
625 Atlantic Avenue has about 768,000 square feet of floor area in total, including 72,000 square feet of office and 417,000 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 625 Atlantic Avenue built?
City records list 1995 as the year built. The building is 3 floors tall.
What other addresses does 625 Atlantic Avenue have?
City records list 623-667 Atlantic Avenue, 149-205 Fort Greene Place, 42-60 Hanson Place, 140-198 South Elliott Place and 180-206 South Portland Avenue on the same tax lot (BBL 3020020001) as 625 Atlantic Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 625 Atlantic Avenue?
625 Atlantic Avenue is in ZIP code 11217, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 625 Atlantic Avenue, Brooklyn, NY 11217, in Downtown Brooklyn.
What is the zoning at 625 Atlantic Avenue?
The lot is in the C6-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.67 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 625 Atlantic Avenue?
The closest subway station to 625 Atlantic Avenue is Atlantic Av-Barclays Ctr (the 2, 3, 4, 5, B, D, N, Q and R trains), about 450 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: Lafayette Av (the C train), 3 min walk; Fulton St (the G train), 4 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 625 Atlantic Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists ATLANTIC CENTER FORT GREENE ASSOCIATES L P as the owner of record of 625 Atlantic Avenue (BBL 3020020001). 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 625 Atlantic Avenue have an energy grade?
625 Atlantic 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. Its site energy use came to 109.2 kBtu per square foot, 59% above the national median of 68.7 for a similar property. Its greenhouse gas emissions were about 5,559 metric tons of CO2e (11.35 kg per square foot).
Is there construction at 625 Atlantic Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at 625 Atlantic Avenue. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in March 2026 (construction, plumbing; filed cost estimate $557,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3020020001. 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 625 Atlantic Avenue?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 625 Atlantic Avenue, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 3020020001 show what is actually billed.
What is the assessed value of 625 Atlantic Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 625 Atlantic Avenue at $146.8 million ($11.5 million of it land) and its assessed value at $66 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 32% from 2022/23 ($111.6 million) to 2026/27.
Are there vacant storefronts at 625 Atlantic Avenue?
Owners registered 17 storefronts at 625 Atlantic Avenue for December 31, 2024, the newest annual filing the city has published, and 4 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 625 Atlantic Avenue?
No space at 625 Atlantic 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.
Downtown Brooklyn
Transit hubs in Downtown Brooklyn
- 2 3 4 5 at Borough Hall
- A C F R at Jay St-MetroTech
- B Q R at DeKalb Av
- 2 3 4 5 B D N Q R at Atlantic Av-Barclays Ctr