Brooklyn

Commercial space in Downtown Brooklyn

Downtown Brooklyn is the borough's central business district, with Class A office around MetroTech and at Atlantic Terminal, heavy transit access, and major retail on Fulton Street and at the Atlantic Terminal malls.

Commercial properties
1,536
Office stock
21.3M SF
Median year built
1920
Known for
Office, Retail, Medical

Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.

On Leasemark No spaces or requirements posted in Downtown Brooklyn yet. List a space and it is matched to every new requirement, or post what you need and get matched as spaces arrive.

Nothing listed in Downtown Brooklyn yet

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What a requirement here looks like

No live requirements in Downtown Brooklyn yet. These labeled examples show what tenants post.

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NYC tax lot records

The building stock in Downtown Brooklyn

What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.

Commercial properties
1,536
Office space
21.3M SF
Retail space
7.3M SF
Built before 1940
80%

Largest office buildings

  1. 24 floors · built 1990
  2. 32 floors · built 2002
  3. 23 floors · built 1990
  4. 32 floors · built 1997
  5. 19 floors · built 2002
All 71 large commercial buildings in Downtown Brooklyn

Age, height and zoning

  • Median year built: 1920.
  • Median height: 4 floors.
  • Most common zoning districts: R6A (304), R6 (257), R7A (213).
  • Historic districts: Brooklyn Heights Historic District (238 lots), Cobble Hill Historic District (114 lots), Boerum Hill Historic District Extension (54 lots).
  • 21 lots are designated city landmarks.

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.7 mi of Downtown Brooklyn's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.

MTA station data

Subway stations in Downtown Brooklyn

Every station within about 0.7 mi of Downtown Brooklyn's commercial core, closest first. Stations joined by a free transfer count once.

Stations
14
Subway lines
13
Fully accessible
4 of 14
Closest
Atlantic Av-Barclays Ctr, 1 min walk

The 14 stations

  • Atlantic Av-Barclays Ctr1 min walk · Accessible station
  • Borough Hall1 min walk · Accessible station · connects to Court St
  • Jay St-MetroTech3 min walk · Accessible station
  • Lafayette Av4 min walk · Not accessible
  • Fulton St4 min walk · Not accessible
  • Bergen St6 min walk · Not accessible
  • Nevins St6 min walk · Not accessible
  • Hoyt St6 min walk · Partly accessible
  • Clark St7 min walk · Not accessible
  • Hoyt-Schermerhorn Sts8 min walk · Not accessible
  • High St9 min walk · Not accessible
  • Bergen St9 min walk · Not accessible
  • DeKalb Av9 min walk · Accessible station
  • York St13 min walk · Not accessible

Lines

The 2, 3, 4, 5, A, B, C, D, F, G, N, Q and R trains stop within about 0.7 mi of Downtown Brooklyn's core.

Step-free access

  • Atlantic Av-Barclays Ctr (2 3 4 5 B D N Q R) is fully accessible.
  • Borough Hall (2 3 4 5) is fully accessible.
  • Jay St-MetroTech (A C F R) is fully accessible.
  • DeKalb Av (B Q R) is fully accessible.
  • Hoyt St (2 3) is partly accessible (one direction only).

Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of Downtown Brooklyn's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.

NYC property records (ACRIS)

Recent building sales in Downtown Brooklyn

10 sales of the large commercial buildings Leasemark tracks in Downtown Brooklyn have been recorded since 2016, $1.05 billion in all. The newest 6 are below.

Newest sales

  1. 485 Fulton Street$83.5 million
    September 2026 · 2 tax lots · to FOUR EIGHTY FIVE LLC
  2. 188 Montague Street$16.8 million
    June 2026 · $350 a SF · to 188 MONTAGUE LLC
  3. 25 Elm Place$40 million
    March 2026 · $246 a SF · to GC FULTON OWNER LLC
  4. 350 Hicks Street$33.2 million
    February 2026 · $228 a SF · to HICKS ST COBBLE HILL LLC
  5. 205 Montague Street$140.5 million
    December 2025 · $1,848 a SF · to 205 MONTAGUE PROPERTY OWNER, LLC
  6. July 2024 · $459 a SF · to 57 WILL OWNER LLC, GRA 57 WILLOUGHBY, LLC and others

Since 2016

  • Largest: 29 Columbia Heights and 51 Furman Street, $340 million for 4 tax lots in August 2016.
  • Median price: about $404 a square foot of floor area, across 8 one-building sales.
  • Newest deed on record: September 2026. The city's open data runs about a month behind.
All 10 building sales in Downtown Brooklyn

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.

NYC Department of Finance

Commercial property taxes in Downtown Brooklyn

Of the 71 large commercial buildings Leasemark tracks in Downtown Brooklyn, 55 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $10.11 per square foot of floor area a year, before abatements.

Largest estimated bills

  1. 4 Metrotech Center$11.5 million
    $8.61 a SF · market value $238.7 million
  2. 422 Fulton Street$7.53 million
    $8.57 a SF · market value $212.8 million
  3. 51 Furman Street$5.26 million
    $12.99 a SF · market value $118.6 million
  4. $7.17 a SF · market value $142.3 million
  5. 339 Bridge Street$4.47 million
    $9.77 a SF · market value $95.1 million
  6. 420 Albee Square$4.39 million
    $11.19 a SF · market value $93.3 million

Across 55 taxed buildings

  • The middle half pay between $7.30 and $11.85 a square foot of floor area a year.
  • Brooklyn median: $6.14 a square foot, across 450 large buildings Leasemark tracks.
  • Median market value on the roll: about $235 a square foot. That is the city's valuation for tax, not a sale price.
  • 16 buildings are fully exempt, including 350 Jay Street and 351 Jay Street. Exemptions like these are common for government, nonprofit and PILOT properties.

Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-10-16. Estimates are the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), divided by the building's floor area in PLUTO. They leave out abatements such as ICAP, payment-in-lieu-of-taxes agreements and charges, so actual bills differ. Large buildings only (35,000 SF and up in Brooklyn).

NYC Department of Buildings permits

Interior build-outs in Downtown Brooklyn

In the 12 months to October 2026, the Department of Buildings issued first permits for 74 interior build-outs in 34 of the 71 large commercial buildings Leasemark tracks in Downtown Brooklyn, with work permitted on 127 floors in all. Their filed cost estimates add up to about $66 million.

Most build-outs, last 12 months

  1. 3 floors with work
  2. 10 floors with work
  3. 6 floors with work
  4. 3 floors with work
  5. 1 floor with work
  6. 9 floors with work
  • 48% of the buildings tracked here had a build-out, against 21% across Brooklyn.

Build-outs by quarter

  • Q1 202520
  • Q2 202512
  • Q3 202510
  • Q4 202520
  • Q1 202617
  • Q2 202616
  • Q3 202618
  • Q4 2026 to Oct 229

Newest

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A build-out groups interior jobs (construction, mechanical, plumbing, sprinklers and the like) on the same floors first permitted within 120 days of each other, dated by its first permit. Only the large buildings Leasemark tracks count (35,000 SF and up), not every permit in the neighborhood. Costs are the estimates filed with the jobs. A permit does not say who the work is for.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

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Questions about Downtown Brooklyn

How much commercial space is there in Downtown Brooklyn?

New York City's PLUTO tax lot data (26v2) records about 42.9 million square feet of commercial floor area across 1,536 properties in the part of Downtown Brooklyn Leasemark covers, including about 21.3 million square feet of office and about 7.3 million square feet of retail. The largest office building by that measure is 4 Metrotech Center, at about 1.2 million square feet. That is the existing building stock, not space currently available.

What subway lines serve Downtown Brooklyn?

14 subway stations sit within about 0.7 mi of Downtown Brooklyn's commercial core, served by the 2, 3, 4, 5, A, B, C, D, F, G, N, Q and R trains. The closest is Atlantic Av-Barclays Ctr (2 3 4 5 B D N Q R), roughly 1 minute on foot; then Borough Hall (2 3 4 5 R), Jay St-MetroTech (A C F R), Lafayette Av (C), Fulton St (G), Bergen St (2 3), Nevins St (2 3 4 5) and 7 more. Walking times are straight-line estimates from MTA station data.

Which subway stations in Downtown Brooklyn are accessible?

Four of the 14 stations within about 0.7 mi of Downtown Brooklyn's commercial core are fully accessible, per the MTA: Atlantic Av-Barclays Ctr (2 3 4 5 B D N Q R), Borough Hall (2 3 4 5), Jay St-MetroTech (A C F R) and DeKalb Av (B Q R). Hoyt St (2 3) is partly accessible (one direction only).

When did a large commercial building in Downtown Brooklyn last sell?

The newest sale on record is 485 Fulton Street, which sold in September 2026 for $83.5 million (2 tax lots together) to FOUR EIGHTY FIVE LLC, per the deed recorded with the city. 10 sales, $1.05 billion in all, have been recorded of the large commercial buildings Leasemark tracks in Downtown Brooklyn since 2016.

See every building sale in Downtown Brooklyn

How much are commercial property taxes in Downtown Brooklyn?

On the Department of Finance's 2026/27 assessment roll, the 55 large commercial buildings Leasemark tracks in Downtown Brooklyn that pay property tax come to a median of about $10.11 per square foot of floor area a year, with the middle half between $7.30 and $11.85. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is 4 Metrotech Center, about $11.5 million a year. 16 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.

How taxes show up in gross and net leases

How much build-out work is happening in Downtown Brooklyn?

In the 12 months to October 2026, the Department of Buildings issued first permits for 74 interior build-outs in 34 of the 71 large commercial buildings Leasemark tracks in Downtown Brooklyn, with work permitted on 127 floors in all. Their filed cost estimates add up to about $66 million. The most were at 100 Myrtle Avenue (5 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.

Build-outs in every NYC neighborhood

Do tenants in Downtown Brooklyn pay the NYC Commercial Rent Tax?

No. The Commercial Rent Tax only applies to space in Manhattan below 96th Street. It was repealed for Brooklyn, so a commercial lease in Downtown Brooklyn does not pay it at any rent.

See where the Commercial Rent Tax applies

Is it free to post on Leasemark?

Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.