Warehouse · East New York, Brooklyn
987 Essex Street
Brooklyn, NY 11208
987 Essex Street is a 1-floor warehouse in East New York, Brooklyn, built in 1959, with about 35,000 square feet of industrial and storage space according to city records.
Also at 505-527 Cozine Avenue, 985-1001 Essex Street and 994-1030 Shepherd Avenue.
- Industrial and storage space
- 35K SF
- Floors
- 1
- Year built
- 1959
- Zoning
- M1-1
The 40th largest of the 40 industrial and storage buildings we track in East New York. Compare it with 6 neighbors
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Compared with its neighbors
How 987 Essex Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 2 minute walk, 987 Essex Street is the smallest by industrial and storage floor area. It went up in 1959; the median neighbor dates from 1962. Its estimated property tax, about $5.67 a square foot of floor area before abatements, is above the neighbors' median of $4.70.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 987 Essex Street | 35K SF | 1 | 1959 | $5.67 | n/a |
| 959 Essex Street | 41K SF | 1 | 1951 | Exempt | n/a |
| 506 Cozine Avenue | 45K SF | 1 | 1963 | $5.41 | n/a |
| 1002 Essex Street | 42K SF | 2 | 1967 | $3.54 | Nov 2014, $6.3M (2 lots) |
| 1101 Linwood Street | 137K SF | 2 | 1960 | $5.06 | n/a |
| 530 Cozine Avenue | 93K SF | 1 | 1966 | $4.70 | Aug 2005, $9.2M |
| 535 Atkins Avenue | 46K SF | 1 | 1962 | $3.93 | n/a |
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
- 505-527 Cozine Avenue; 985-1001 Essex Street; 994-1030 Shepherd Avenue
- ZIP code
- 11208
- Building type
- Warehouse (city class E1)
- Total floor area
- 35,484 SF
- Commercial floor area
- 35,484 SF
- Industrial and storage
- 35,484 SF
- Height
- 1 floor
- Year built
- 1959
- Lot area
- 35,483 SF
- Zoning district
- M1-1
- Built FAR
- 1
- Max commercial FAR
- 1
- Tax lot (BBL)
- 3044070030
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 I.J. LITWAK REALTY LIMITED PARTNERSHIP as the owner of record. For tax year 2026/27 the city values 987 Essex Street at $4.4 million and assesses it at $1.98 million. After phase-ins and exemptions its taxable value is $1.85 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 $201,171 a year before abatements, roughly $5.67 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
- I.J. LITWAK REALTY LIMITED PARTNERSHIP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $4,404,000
- Land market value
- $823,000
- Assessed value
- $1,981,800
- Taxable value (phased in)
- $1,854,450
- Estimated yearly tax
- About $201,171
- Tax per SF of floor area
- About $5.67
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 987 Essex Street? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
987 Essex Street'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 11.5 kBtu per square foot. Its greenhouse gas emissions were about 50.1 metric tons of CO2e (1.32 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Manufacturing/Industrial Plant
- Site energy use intensity
- 11.5 kBtu/SF
- Greenhouse gas emissions
- 50.1 t CO2e
- Emissions per SF
- 1.32 kg CO2e
- Floor area in the filing
- 37,968 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 2026-10-09; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 987 Essex Street comes to about 37 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 288 tons for 2024 to 2029 (13% of the limit), so it would owe no penalty. From 2030 the limit drops to 54 tons and the same energy use counts as about 18 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 288 t CO2e
- Estimated emissions
- 37 t CO2e
- Under the limit by
- 251 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 54 t CO2e
- Estimated emissions
- 18 t CO2e
- Under the limit by
- 35 t CO2e
- Estimated penalty a year
- None
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Manufacturing/Industrial Plant 37,968 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.
Own or manage 987 Essex 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 987 Essex Street in the 12 months to October 2026; the last one was first permitted in November 2024. In the last two years, interior work was permitted on the ground floor. The newest build-out, on the ground floor, was first permitted in November 2024 (construction; filed cost estimate $20,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- November 2024
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- Ground floor
Recent build-outs
New jobs by year
Build-outs across East New YorkWhere 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.
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Questions about 987 Essex Street
How big is 987 Essex Street?
987 Essex Street has about 35,000 square feet of floor area in total, including 35,000 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 987 Essex Street built?
City records list 1959 as the year built. The building is 1 floor tall.
What other addresses does 987 Essex Street have?
City records list 505-527 Cozine Avenue, 985-1001 Essex Street and 994-1030 Shepherd Avenue on the same tax lot (BBL 3044070030) as 987 Essex Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 987 Essex Street?
987 Essex Street is in ZIP code 11208, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 987 Essex Street, Brooklyn, NY 11208, in East New York.
What is the zoning at 987 Essex Street?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 987 Essex Street?
The closest subway station to 987 Essex Street is New Lots Av (the 3 train), about 0.7 miles away in a straight line, roughly 13 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 987 Essex Street?
The NYC Department of Finance's 2026/27 assessment roll lists I.J. LITWAK REALTY LIMITED PARTNERSHIP as the owner of record of 987 Essex Street (BBL 3044070030). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 987 Essex Street have an energy grade?
987 Essex Street'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 11.5 kBtu per square foot. Its greenhouse gas emissions were about 50.1 metric tons of CO2e (1.32 kg per square foot).
Does 987 Essex Street meet Local Law 97?
At its 2024 energy use, 987 Essex Street comes to about 37 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 288 tons for 2024 to 2029 (13% of the limit), so it would owe no penalty. From 2030 the limit drops to 54 tons and the same energy use counts as about 18 tons, still under the limit. 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.
Is there construction at 987 Essex Street?
The Department of Buildings issued no permits for new jobs at 987 Essex Street in the 12 months to October 2026; the last one was first permitted in November 2024. In the last two years, interior work was permitted on the ground floor. The newest build-out, on the ground floor, was first permitted in November 2024 (construction; filed cost estimate $20,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3044070030. 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 987 Essex Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.85 million for 987 Essex Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $201,171 a year, roughly $5.67 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3044070030 show the actual bill.
What is the assessed value of 987 Essex Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 987 Essex Street at $4.4 million ($823,000 of it land) and its assessed value at $1.98 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 19% from 2022/23 ($3.71 million) to 2026/27.
Is there industrial and storage space for lease at 987 Essex Street?
No space at 987 Essex 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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