Factory and industrial building · South Bronx, Bronx
865 East 138th Street
Bronx, NY 10454
865 East 138th Street is a 1-floor factory and industrial building in the South Bronx, Bronx, built in 1949, with about 60,000 square feet of industrial and storage space according to city records.
Also at 845-867 East 138th Street, 862 East 139th Street and 251 Walnut Avenue.
- Industrial and storage space
- 60K SF
- Floors
- 1
- Year built
- 1949
- Zoning
- M3-1
The 25th largest of the 42 industrial and storage buildings we track in the South Bronx. Compare it with 6 neighbors
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Compared with its neighbors
How 865 East 138th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 865 East 138th Street ranks 5th of 7 by industrial and storage floor area. It went up in 1949; the median neighbor dates from 1939. Its estimated property tax, about $3.70 a square foot of floor area before abatements, is below the neighbors' median of $4.33.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 865 East 138th Street | 60K SF | 1 | 1949 | $3.70 | n/a |
| 850 East 138th Street | 74K SF | 2 | 1988 | Exempt | Jul 2015, $10.2M |
| 885 East 138th Street | 79K SF | 1 | 1931 | $5.07 | n/a |
| 805 East 139th Street | 54K SF | 3 | 1948 | $3.64 | Dec 2019, $6.6M |
| 855 East 140th Street | 50K SF | 2 | 1948 | $3.51 | Apr 2012, $5M |
| 845 East 136th Street | 85K SF | 2 | 1929 | $4.33 | Dec 2025, $21.7M |
| 780 East 138th Street | 76K SF | 6 | 1920 | $6.04 | Feb 2024, $8.9M |
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
- 845-867 East 138th Street; 862 East 139th Street; 251 Walnut Avenue
- ZIP code
- 10454
- Building type
- Factory and industrial building (city class F5)
- Total floor area
- 59,675 SF
- Commercial floor area
- 59,675 SF
- Industrial and storage
- 59,675 SF
- Height
- 1 floor
- Year built
- 1949
- Lot area
- 61,575 SF
- Zoning district
- M3-1
- Built FAR
- 0.97
- Max commercial FAR
- 2
- Tax lot (BBL)
- 2025900051
Nearest subway
- Cypress Av
- E 143 St-St Mary's St
- Brook Av
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 WALCOTT SHOE LLC as the owner of record. For tax year 2026/27 the city values 865 East 138th Street at $5.39 million and assesses it at $2.43 million. After phase-ins and exemptions its taxable value is $2.04 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 $220,902 a year before abatements, roughly $3.70 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
- WALCOTT SHOE LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $5,390,000
- Land market value
- $678,000
- Assessed value
- $2,425,500
- Taxable value (phased in)
- $2,036,340
- Estimated yearly tax
- About $220,902
- Tax per SF of floor area
- About $3.70
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.
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NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
865 East 138th Street reported an ENERGY STAR score of 73 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 30.4 kBtu per square foot, 37% below the national median of 47.9 for a similar property. Its greenhouse gas emissions were about 153 metric tons of CO2e (2.56 kg per square foot).
- ENERGY STAR score (2024)
- 73 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 30.4 kBtu/SF
- National median for the type
- 47.9 kBtu/SF
- Greenhouse gas emissions
- 153 t CO2e
- Emissions per SF
- 2.56 kg CO2e
- Floor area in the filing
- 59,675 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, 865 East 138th Street comes to about 125 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 254 tons for 2024 to 2029 (49% of the limit), so it would owe no penalty. From 2030 the limit drops to 53 tons and the same energy use counts as about 87 tons, about 34 tons over, or an estimated $9,100 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 254 t CO2e
- Estimated emissions
- 125 t CO2e
- Under the limit by
- 129 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 53 t CO2e
- Estimated emissions
- 87 t CO2e
- Over the limit by
- 34 t CO2e
- Estimated penalty a year
- $9,100
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Non-Refrigerated Warehouse 59,675 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.
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Questions about 865 East 138th Street
How big is 865 East 138th Street?
865 East 138th Street has about 60,000 square feet of floor area in total, including 60,000 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 865 East 138th Street built?
City records list 1949 as the year built. The building is 1 floor tall.
What other addresses does 865 East 138th Street have?
City records list 845-867 East 138th Street, 862 East 139th Street and 251 Walnut Avenue on the same tax lot (BBL 2025900051) as 865 East 138th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 865 East 138th Street?
865 East 138th Street is in ZIP code 10454, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 865 East 138th Street, Bronx, NY 10454, in the South Bronx.
What is the zoning at 865 East 138th Street?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.97 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 865 East 138th Street?
The closest subway station to 865 East 138th Street is Cypress Av (the 6 train), about 0.3 miles away in a straight line, roughly 6 minutes on foot. Also nearby: E 143 St-St Mary's St (the 6 train), 7 min walk; Brook Av (the 6 train), 13 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 865 East 138th Street?
The NYC Department of Finance's 2026/27 assessment roll lists WALCOTT SHOE LLC as the owner of record of 865 East 138th Street (BBL 2025900051). 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.
What is the energy grade of 865 East 138th Street?
865 East 138th Street reported an ENERGY STAR score of 73 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 73 earns a B. 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 30.4 kBtu per square foot, 37% below the national median of 47.9 for a similar property. Its greenhouse gas emissions were about 153 metric tons of CO2e (2.56 kg per square foot).
Does 865 East 138th Street meet Local Law 97?
At its 2024 energy use, 865 East 138th Street comes to about 125 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 254 tons for 2024 to 2029 (49% of the limit), so it would owe no penalty. From 2030 the limit drops to 53 tons and the same energy use counts as about 87 tons, about 34 tons over, or an estimated $9,100 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.
What are the property taxes at 865 East 138th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.04 million for 865 East 138th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $220,902 a year, roughly $3.70 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2025900051 show the actual bill.
What is the assessed value of 865 East 138th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 865 East 138th Street at $5.39 million ($678,000 of it land) and its assessed value at $2.43 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 48% from 2022/23 ($3.64 million) to 2026/27.
Is there industrial and storage space for lease at 865 East 138th Street?
No space at 865 East 138th 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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South Bronx
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