Warehouse · Flatlands, Brooklyn
761 East 42nd Street
Brooklyn, NY 11210
761 East 42nd Street is a 2-floor warehouse in Flatlands, Brooklyn, built in 1950, with about 46,000 square feet of industrial and storage space according to city records.
Also at 761-791 East 42nd Street, 819 East 42nd Street and 774-822 East 43rd Street.
- Industrial and storage space
- 46K SF
- Floors
- 2
- Year built
- 1950
- Zoning
- M1-1
The 7th largest of the 8 industrial and storage buildings we track in Flatlands. Compare it with 6 neighbors
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Compared with its neighbors
How 761 East 42nd Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 9 minute walk, 761 East 42nd Street ranks 6th of 7 by industrial and storage floor area. It went up in 1950; the median neighbor dates from 1961. Its estimated property tax, about $6.36 a square foot of floor area before abatements, is above the neighbors' median of $5.93.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 761 East 42nd Street | 46K SF | 2 | 1950 | $6.36 |
| 1539 Troy Avenue | 37K SF | 2 | 1973 | $2.32 |
| 1635 Albany Avenue | 50K SF | 1 | 2013 | $7.86 |
| 4700 Glenwood Road | 84K SF | 3 | 1930 | $5.93 |
| 1476 Utica Avenue | 100K SF | 1 | 1956 | $2.99 |
| 4900 Glenwood Road | 82K SF | 3 | 1927 | $8.24 |
| 1467 Utica Avenue | 68K SF | 2 | 1966 | Exempt |
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
- Other addresses
- 761-791 East 42nd Street; 819 East 42nd Street; 774-822 East 43rd Street
- ZIP code
- 11210
- Building type
- Warehouse (city class E1)
- Total floor area
- 45,904 SF
- Commercial floor area
- 45,904 SF
- Industrial and storage
- 45,904 SF
- Height
- 2 floors
- Year built
- 1950
- Last major alteration
- 2004
- Lot area
- 76,000 SF
- Zoning district
- M1-1
- Built FAR
- 0.6
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3050170024
Nearest subway
- Flatbush Av-Brooklyn College
- Newkirk Av-Little Haiti
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 LUCKY MCMXCVI LLC as the owner of record. For tax year 2026/27 the city values 761 East 42nd Street at $6.73 million and assesses it at $3.03 million. After phase-ins and exemptions its taxable value is $2.69 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 $291,842 a year before abatements, roughly $6.36 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
- LUCKY MCMXCVI LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $6,734,000
- Land market value
- $1,900,000
- Assessed value
- $3,030,300
- Taxable value (phased in)
- $2,690,280
- Estimated yearly tax
- About $291,842
- Tax per SF of floor area
- About $6.36
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 2026-10-09; 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 761 East 42nd Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 761 East 42nd Street in the 12 months to October 2026; the last one was first permitted in November 2022.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- November 2022
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across FlatlandsWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). 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
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Questions about 761 East 42nd Street
How big is 761 East 42nd Street?
761 East 42nd Street has about 46,000 square feet of floor area in total, including 46,000 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 761 East 42nd Street built?
City records list 1950 as the year built, with a major alteration recorded in 2004. The building is 2 floors tall.
What other addresses does 761 East 42nd Street have?
City records list 761-791 East 42nd Street, 819 East 42nd Street and 774-822 East 43rd Street on the same tax lot (BBL 3050170024) as 761 East 42nd Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 761 East 42nd Street?
761 East 42nd Street is in ZIP code 11210, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 761 East 42nd Street, Brooklyn, NY 11210, in Flatlands.
What is the zoning at 761 East 42nd Street?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.6 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 761 East 42nd Street?
The closest subway station to 761 East 42nd Street is Flatbush Av-Brooklyn College (the 2 and 5 trains), about 0.6 miles away in a straight line, roughly 13 minutes on foot. The MTA lists it as an accessible station. Also nearby: Newkirk Av-Little Haiti (the 2 and 5 trains), 14 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 761 East 42nd Street?
The NYC Department of Finance's 2026/27 assessment roll lists LUCKY MCMXCVI LLC as the owner of record of 761 East 42nd Street (BBL 3050170024). 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.
Is there construction at 761 East 42nd Street?
The Department of Buildings issued no permits for new jobs at 761 East 42nd Street in the 12 months to October 2026; the last one was first permitted in November 2022. These are the Department of Buildings' DOB NOW work permits for tax lot 3050170024. 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 761 East 42nd Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.69 million for 761 East 42nd Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $291,842 a year, roughly $6.36 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3050170024 show the actual bill.
What is the assessed value of 761 East 42nd Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 761 East 42nd Street at $6.73 million ($1.9 million of it land) and its assessed value at $3.03 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 30% from 2022/23 ($5.18 million) to 2026/27.
Is there industrial and storage space for lease at 761 East 42nd Street?
No space at 761 East 42nd 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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Flatlands
Transit hubs in Flatlands
- B46 bus on Utica Av
- 2 5 at Flatbush Av-Brooklyn College
- Belt Parkway