Brooklyn
Commercial space in Fort Greene
Fort Greene's largest commercial buildings sit in the Wallabout blocks north of Myrtle Avenue, between Pratt Institute and the Brooklyn Navy Yard, where factory, warehouse and office buildings on Hall Street, Ryerson Street and Park Avenue hold light industry, studios and offices. Myrtle and DeKalb Avenues carry restaurants and neighborhood retail, and the G train runs under Lafayette Avenue a few blocks south.
- Commercial properties
- 426
- Industrial stock
- 1.5M SF
- Median year built
- 1950
- Known for
- Industrial, Office, 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 Fort Greene
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Commercial properties
- 426
- Office space
- 1.3M SF
- Retail space
- 598K SF
- Built before 1940
- 42%
Largest industrial and storage buildings
All 8 large commercial buildings in Fort GreeneAge, height and zoning
- Median year built: 1950.
- Median height: 3 floors.
- Most common zoning districts: R7A (155), M1-2 (125), R6B (84). 37% of these lots are zoned for manufacturing.
- Historic districts: Clinton Hill Historic District (21 lots), Fort Greene Historic District (18 lots).
- 6 lots are designated city landmarks.
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03. Counts cover tax lots with commercial floor area within about 0.5 mi of Fort Greene'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.
NYC property records (ACRIS)
Recent building sales in Fort Greene
4 sales of the large commercial buildings Leasemark tracks in Fort Greene have been recorded since 2016, $341.3 million in all.
Newest sales
Since 2016
- Largest: 39 Hall Street, $161 million in March 2016.
- Median price: about $347 a square foot of floor area, across 4 one-building sales.
- Newest deed on record: April 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 Fort Greene
Of the 8 large commercial buildings Leasemark tracks in Fort Greene, 8 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $5.71 per square foot of floor area a year, before abatements.
Largest estimated bills
Across 8 taxed buildings
- The middle half pay between $5.19 and $6.96 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 $158 a square foot. That is the city's valuation for tax, not a sale price.
38th 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).
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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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 Fort Greene
How much commercial space is there in Fort Greene?
New York City's PLUTO tax lot data (26v2) records about 5 million square feet of commercial floor area across 426 properties in the part of Fort Greene Leasemark covers, including about 1.3 million square feet of office and about 598,000 square feet of retail. The largest industrial and storage building by that measure is 35 Ryerson Street, at about 280,000 square feet. That is the existing building stock, not space currently available.
When did a large commercial building in Fort Greene last sell?
The newest sale on record is 39 Hall Street, which sold in April 2026 for $121.3 million to HALL STREET ESTATES LLC, per the deed recorded with the city. 4 sales, $341.3 million in all, have been recorded of the large commercial buildings Leasemark tracks in Fort Greene since 2016.
How much are commercial property taxes in Fort Greene?
On the Department of Finance's 2026/27 assessment roll, the 8 large commercial buildings Leasemark tracks in Fort Greene that pay property tax come to a median of about $5.71 per square foot of floor area a year, with the middle half between $5.19 and $6.96. 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 39 Hall Street, about $5.46 million a year. Many office leases pass a tenant's share of increases over a base year through as additional rent.
Do tenants in Fort Greene 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 Fort Greene 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
- G at Clinton-Washington Avs
- G at Classon Av
- B57 bus on Flushing Av
- B54 bus on Myrtle Av