Brooklyn
Commercial space in East New York
East New York is one of the largest industrial areas in Brooklyn: warehouses and production buildings line Atlantic, Liberty and Pitkin Avenues inside the East New York Industrial Business Zone, and more industrial blocks run south to Linden Boulevard. Its retail anchor is Gateway Center, the big-box shopping center off the Belt Parkway, and the 2016 East New York rezoning allows larger mixed-use buildings along Atlantic Avenue.
- Commercial properties
- 1,415
- Industrial stock
- 5.4M SF
- Median year built
- 1930
- Known for
- Industrial, Retail, Flex / Creative
Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.
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NYC tax lot records
The building stock in East New York
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Commercial properties
- 1,415
- Office space
- 4.1M SF
- Retail space
- 3.4M SF
- Built before 1940
- 58%
Largest industrial and storage buildings
All 32 large commercial buildings in East New YorkAge, height and zoning
- Median year built: 1930.
- Median height: 2 floors.
- Most common zoning districts: R6 (251), M1-1 (246), M1-4 (168). 35% of these lots are zoned for manufacturing.
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03. Counts cover tax lots with commercial floor area within about 0.7 mi of East New York'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 East New York
Every station within about 0.7 mi of East New York's commercial core, closest first. Stations joined by a free transfer count once.
- Stations
- 10
- Subway lines
- 6
- Fully accessible
- 1 of 10
- Closest
- Liberty Av, 3 min walk
The 10 stations
- Liberty Av
- Van Siclen Av
- Alabama Av
- Sutter Av
- Atlantic Av
- Van Siclen Av
- Pennsylvania Av
- Broadway Junction
- Van Siclen Av
- Livonia Av
Lines
The 3, A, C, J, L and Z trains stop within about 0.7 mi of East New York's core.
Step-free access
- Livonia Av (L) is fully accessible.
Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-03. Walking times are straight-line estimates from the nearest point of East New York'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 East New York
11 sales of the large commercial buildings Leasemark tracks in East New York have been recorded since 2016, $540.9 million in all. The newest 6 are below.
Newest sales
Since 2016
- Largest: 554 Cozine Avenue and 578 Cozine Avenue, $228.4 million for 3 tax lots in April 2022.
- Median price: about $327 a square foot of floor area, across 10 one-building sales.
- Newest deed on record: July 2026. The city's open data runs about a month behind.
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-03; 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 East New York
Of the 32 large commercial buildings Leasemark tracks in East New York, 30 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $7.39 per square foot of floor area a year, before abatements.
Largest estimated bills
Across 30 taxed buildings
- The middle half pay between $4.84 and $14.24 a square foot of floor area a year.
- Brooklyn median: $6.45 a square foot, across 251 large buildings Leasemark tracks.
- Median market value on the roll: about $181 a square foot. That is the city's valuation for tax, not a sale price.
- 2 buildings are fully exempt: 590 Gateway Drive and 900 Cozine Avenue. Exemptions like these are common for government, nonprofit and PILOT properties.
29th highest of 48 NYC neighborhoods by tax per SFHow taxes show up in a lease
Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-10-03. 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 (50,000 SF and up in Brooklyn).
NYC Department of Buildings permits
Interior build-outs in East New York
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 interior build-outs in 4 of the 32 large commercial buildings Leasemark tracks in East New York, with work permitted on 5 floors in all.
Most build-outs, last 12 months
- 13% of the buildings tracked here had a build-out, against 24% across Brooklyn.
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). 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 (50,000 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.
Gross vs net leases in NYC: what tenants actually pay
Gross, modified gross or triple net: how NYC leases split taxes, operating costs and electricity, what the asking rent leaves out, and how to compare two spaces fairly.
How to read a New York commercial lease, clause by clause
Walk through a New York commercial lease clause by clause: rent start, escalations, deposit and guaranty, use, alterations, subletting, default and the end of the term.
Questions about East New York
How much commercial space is there in East New York?
New York City's PLUTO tax lot data (26v2) records about 17.8 million square feet of commercial floor area across 1,415 properties in the part of East New York Leasemark covers, including about 4.1 million square feet of office and about 3.4 million square feet of retail. The largest industrial and storage building by that measure is 830 Fountain Avenue, at about 279,000 square feet. That is the existing building stock, not space currently available.
What subway lines serve East New York?
Ten subway stations sit within about 0.7 mi of East New York's commercial core, served by the 3, A, C, J, L and Z trains. The closest is Liberty Av (C), roughly 3 minutes on foot; then Van Siclen Av (C), Alabama Av (J Z), Sutter Av (L), Atlantic Av (L), Van Siclen Av (J Z), Pennsylvania Av (3) and 3 more. Walking times are straight-line estimates from MTA station data.
Which subway stations in East New York are accessible?
One of the ten stations within about 0.7 mi of East New York's commercial core is fully accessible, per the MTA: Livonia Av (L).
When did a large commercial building in East New York last sell?
The newest sale on record is 101 Pennsylvania Avenue, which sold in July 2026 for $89.9 million to VITAL PENNSYLVANIA AVE LP, per the deed recorded with the city. 11 sales, $540.9 million in all, have been recorded of the large commercial buildings Leasemark tracks in East New York since 2016.
How much are commercial property taxes in East New York?
On the Department of Finance's 2026/27 assessment roll, the 30 large commercial buildings Leasemark tracks in East New York that pay property tax come to a median of about $7.39 per square foot of floor area a year, with the middle half between $4.84 and $14.24. 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 519 Gateway Drive, about $3.45 million a year. 2 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.
How much build-out work is happening in East New York?
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 interior build-outs in 4 of the 32 large commercial buildings Leasemark tracks in East New York, with work permitted on 5 floors in all. The most were at 2440 Fulton Street (1 build-out). 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.
Do tenants in East New York 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 East New York does not pay it at any rent.
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.
Getting there
- A C J L Z at Broadway Junction
- 3 at Pennsylvania Av
- C at Liberty Av
- LIRR at East New York