Industry City Building 1

The Industry City Building 1 has about 329,000 square feet of floor area in total, including 105,000 square feet of office, 67,000 square feet of retail and 2,000 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 1907 as the year built. The building is 6 floors tall.

The Industry City Building 1 is at 639 2nd Avenue in Sunset Park, Brooklyn. City records list 629-639 2nd Avenue and 201-271 37th Street on the same tax lot (BBL 3006950001). A space listed on Leasemark at any of these addresses shows up on this page.

639 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 1 is at 639 2nd Avenue, Brooklyn, NY 11232, in Sunset Park.

The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.56 and a maximum commercial FAR of 2 for this lot.

The closest subway station to the Industry City Building 1 is 36 St (the D, N and R trains), about 0.3 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.

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 1 (BBL 3006950001). 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.

The Industry City Building 1'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.

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at the Industry City Building 1. These are the Department of Buildings' DOB NOW work permits for tax lot 3006950001. 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 $15.6 million for the Industry City Building 1. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.69 million a year, roughly $5.14 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3006950001 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of the Industry City Building 1 at $38.8 million ($2.17 million of it land) and its assessed value at $17.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 8% from 2022/23 ($36 million) to 2026/27.

Owners registered 9 storefronts at the Industry City Building 1 for December 31, 2025, the newest annual filing the city has published, and 1 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, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

No space at 639 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.