Office building with commercial space · Sunset Park, Brooklyn
Industry City Building 2
627 2nd Avenue, Brooklyn, NY 11232
The Industry City Building 2 (627 2nd Avenue) is a 6-floor office building with commercial space in Sunset Park, Brooklyn, built in 1907, with about 229,000 square feet of office space according to city records.
Also at 202-272 36th Street.
- Office space
- 229K SF
- Floors
- 6
- Year built
- 1907
- Zoning
- M3-1
The 3rd largest of the 6 office buildings we track in Sunset Park. Compare it with 5 neighbors
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Compared with its neighbors
How the Industry City Building 2 compares
Next to the 5 nearest large office buildings, all within a 19 minute walk, the Industry City Building 2 ranks 3rd of 6 by office floor area. It went up in 1907; the median neighbor dates from 1918. Its estimated property tax, about $10.87 a square foot of floor area before abatements, is above the neighbors' median of $5.14.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| Industry City Building 2, 627 2nd Avenue | 229K SF | 6 | 1907 | $10.87 |
| Industry City Building 1, 639 2nd Avenue | 105K SF | 6 | 1907 | $5.14 |
| 88 33rd Street | 567K SF | 6 | 1907 | $4.61 |
| 222 44th Street | 40K SF | 4 | 1918 | $6.72 |
| 5423 1st Avenue | 98K SF | n/a | 2025 | $0.40 |
| 14 53rd Street | 269K SF | 7 | 1918 | $5.40 |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Building name
- Industry City Building 2
- Other address
- 202-272 36th Street
- ZIP code
- 11232
- Building type
- Office building with commercial space (city class O5)
- Total floor area
- 287,761 SF
- Commercial floor area
- 260,954 SF
- Office
- 229,410 SF
- Retail
- 31,544 SF
- Height
- 6 floors
- Average floor
- About 48,000 SF (floor area divided by floors)
- Year built
- 1907
- Last major alteration
- 2009
- Lot area
- 48,000 SF
- Zoning district
- M3-1
- Built FAR
- 6
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3006950020
Nearest subway
- 36 St
- 45 St
- 25 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses and building name 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 24 storefronts at the Industry City Building 2 for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2023.
- Storefronts registered for December 31, 2025
- 24
- Vacant that day
- 3
- Share vacant here
- 12.5%
- Share vacant across Sunset Park
- 11.4%
- Share vacant along 2nd Avenue
- 16.3%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Own or lease out a storefront at 627 2nd Avenue? Listing it is free, and it is matched against every active requirement for retail space in Sunset Park the day it goes up.
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 1-10 BUSH TERMINAL OWNER LP as the owner of record. For tax year 2026/27 the city values the Industry City Building 2 at $64.6 million and assesses it at $29.1 million. After phase-ins and exemptions its taxable value is $28.8 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 $3.13 million a year before abatements, roughly $10.87 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
- 1-10 BUSH TERMINAL OWNER LP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $64,582,000
- Land market value
- $1,440,000
- Assessed value
- $29,061,900
- Taxable value (phased in)
- $28,843,560
- Estimated yearly tax
- About $3.13 million
- Tax per SF of floor area
- About $10.87
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 627 2nd Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
The Industry City Building 2'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 29.9 kBtu per square foot, 44% below the national median of 53.4 for a similar property. Its greenhouse gas emissions were about 7,674 metric tons of CO2e (2.25 kg per square foot). The filing covers 6 tax lots together, so these figures are for the whole property.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Mixed Use Property
- Site energy use intensity
- 29.9 kBtu/SF
- National median for the type
- 53.4 kBtu/SF
- Greenhouse gas emissions
- 7,674 t CO2e
- Emissions per SF
- 2.25 kg CO2e
- Floor area in the filing
- 3,405,636 SF
- Tax lots in the filing
- 6
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, one filing for 6 tax lots), 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.
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 the Industry City Building 2. In the last two years, interior work was permitted on 3 floors (floors 1, 5 and 6). The newest build-out, on floor 6, was first permitted in September 2026 (sprinklers; filed cost estimate $20,000).
- New jobs, last 12 months
- 4
- Initial permits, last 12 months
- 7
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 3
- Floors with interior work, last 24 months
- 1, 5 and 6
Recent build-outs
New jobs by year
Build-outs across Sunset ParkWhere 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.
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Questions about Industry City Building 2
How big is the Industry City Building 2?
The Industry City Building 2 has about 288,000 square feet of floor area in total, including 229,000 square feet of office and 32,000 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 the Industry City Building 2 built?
City records list 1907 as the year built, with a major alteration recorded in 2009. The building is 6 floors tall.
What is the address of the Industry City Building 2?
The Industry City Building 2 is at 627 2nd Avenue in Sunset Park, Brooklyn. City records list 202-272 36th Street on the same tax lot (BBL 3006950020). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 627 2nd Avenue?
627 2nd Avenue is in ZIP code 11232, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Industry City Building 2 is at 627 2nd Avenue, Brooklyn, NY 11232, in Sunset Park.
What is the zoning at the Industry City Building 2?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 6 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to the Industry City Building 2?
The closest subway station to the Industry City Building 2 is 36 St (the D, N and R trains), about 0.2 miles away in a straight line, roughly 5 minutes on foot. Also nearby: 45 St (the R train), 10 min walk; 25 St (the R train), 12 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns the Industry City Building 2?
The NYC Department of Finance's 2026/27 assessment roll lists 1-10 BUSH TERMINAL OWNER LP as the owner of record of the Industry City Building 2 (BBL 3006950020). 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 the Industry City Building 2 have an energy grade?
The Industry City Building 2'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 29.9 kBtu per square foot, 44% below the national median of 53.4 for a similar property. Its greenhouse gas emissions were about 7,674 metric tons of CO2e (2.25 kg per square foot). The filing covers 6 tax lots together, so these figures are for the whole property.
Is there construction at the Industry City Building 2?
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at the Industry City Building 2. In the last two years, interior work was permitted on 3 floors (floors 1, 5 and 6). The newest build-out, on floor 6, was first permitted in September 2026 (sprinklers; filed cost estimate $20,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3006950020. 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 the Industry City Building 2?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $28.8 million for the Industry City Building 2. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.13 million a year, roughly $10.87 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3006950020 show the actual bill.
What is the assessed value of the Industry City Building 2?
For tax year 2026/27, the NYC Department of Finance puts the market value of the Industry City Building 2 at $64.6 million ($1.44 million of it land) and its assessed value at $29.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 95% from 2022/23 ($33.2 million) to 2026/27.
Are there vacant storefronts at the Industry City Building 2?
Owners registered 24 storefronts at the Industry City Building 2 for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2023. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at the Industry City Building 2?
No space at 627 2nd 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.
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Sunset Park
Transit hubs in Sunset Park
- D N R at 36 St
- R at 45 St
- NYC Ferry at Sunset Park