New York City  »  11232  »  2nd Ave  »  4002 2nd Ave

Bush Terminal - 4002 2nd Avenue, Brooklyn, NY 11232 - Property report

Also known as: 3902-3924 2nd Ave

Property image for Bush Terminal - 4002 2nd Avenue, Brooklyn, NY 11232
static Mapbox map

Property type

Fireproof Warehouse (E1)

Year built

1911

Lot sq. ft.

223,374

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Building name
Bush Terminal
Primary address
Bush Terminal - 4002 2nd Avenue
Alternate address(es)
131 41st St
132 39th St
147 41st St
Show all
ZIP code
11232
Neighborhood
Sunset Park
Borough
Brooklyn
Block & lot
00706-0001

Owner

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Building
Property type
Fireproof Warehouse (E1)
Building sq. ft.
1,214,033
Building dimensions
460 ft x 475 ft
Buildings on lot
5
Stories
8
Year built
1911
Building material
Tax
Tax year
2026-2027
Property tax
$2,722,469
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
460 ft x 494 ft
Lot sq. ft.
223,374

Area overview

Walk score
87 /100.  Very Walkable
Transit score
93 /100.  Rider's Paradise
Bike score
78 /100.  Very Bikeable
School district
15
Community district
7
Closest police station
0.52 Miles
Closest fire station
0.37 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for Bush Terminal - 4002 2nd Avenue, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for Bush Terminal - 4002 2nd Avenue, Brooklyn, NY 11232

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/07/2024 - R UCC3 Continuation
(2024100700419001)		 XXX XXXX XXXXXXXX XXXXX XX XXXX XXXXXXX XXX
10/07/2024 - R UCC3 Continuation
(2024100700292001)		 XXX XXXX XXXXXXXX XXXXX XX XXXX XXXXXXX XXX
04/08/2024 - R
02/12/2024 - D		 Agreement
(2024021200385001)		 XXXX XXXXXXXX XXXXX XX XXXX XXXXXXX XXX XX XXXXXX XXX XXX
01/13/2023 - R
12/22/2022 - D		 Subordination of Mortgage
(2023010300411002)		 XXXX XXXXXXX XXX XX XXXXXX XXX XXXX XXXXXXXX XXXXX XX
12/23/2021 - R Initial UCC1
(2021121000420004)		 XXX XXXX XXXXXXXX XXXXX XX XXXX XXXXXXX XXX
12/23/2021 - R Initial UCC1
(2021121000420003)		 XXX XXXX XXXXXXXX XXXXX XX XXXX XXXXXXX XXX
12/23/2021 - R
12/09/2021 - D		 Mortgage
(2021121000420002)		 XXX XXXX XXXXXXXX XXXXX XX XXXX XXXXXXX XXX
12/23/2021 - R
12/09/2021 - D		 Mortgage
(2021121000420001)		 XXX XXXX XXXXXXXX XXXXX XX XXXX XXXXXXX XXX
03/05/2021 - R
02/08/2021 - D		 Agreement
(2021030200269002)		 XXXX XXXXXXX XXX XXXX XXXX XXXXXXXX XXXXX XX
03/05/2021 - R
02/08/2021 - D		 Agreement
(2021030200269001)		 XXXX XXXXXXX XXX XXXX XXXX XXXXXXXX XXXXX XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Bush Terminal - 4002 2nd Avenue, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$2,722,469
Municipal exemptions
Recent tax assessments
Market value
$179,834,000
Assessed value
$80,925,300

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $179,345,000 $80,705,250 $49,317,840 10.848% $5,349,999 $2,408,135 +13.67%
2024/25 $170,544,000 $76,744,800 $38,233,710 10.762% $4,114,712 $2,118,469 +6.78%
2023/24 $77,062,000 $34,677,900 $27,733,320 10.592% $2,937,513 $1,983,936 +11.66%
2022/23 $67,037,000 $30,166,650 $25,646,310 10.646% $2,730,306 $1,776,729 +7.08%
2021/22 $53,988,000 $24,294,600 $24,294,600 10.755% $2,612,884 $1,659,307 -36.03%
2020/21 $56,188,000 $25,284,600 $24,255,187 10.694% $2,593,850 $2,593,850 +3.32%
2019/20 $53,873,000 $24,242,850 $23,824,834 10.537% $2,510,423 $2,510,423 +3.57%
2018/19 $53,873,000 $24,242,850 $23,053,188 10.514% $2,423,812 $2,423,812 +44.99%
2017/18 $39,982,000 $17,991,900 $15,899,940 10.514% $1,671,720 $1,671,720 +6.46%
2016/17 $37,659,000 $16,946,550 $14,850,090 10.574% $1,570,249 $1,570,249 +6.30%
Permits

Permit information for Bush Terminal - 4002 2nd Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
06/04/2026 Alteration
05/15/2026 Alteration
04/14/2026 Alteration
04/14/2026 Alteration
04/13/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
11/14/2025 Lblvio-low pressure boiler boiler required
11/14/2025 Lblvio-low pressure boiler boiler required
11/14/2025 Lblvio-low pressure boiler boiler required

*Most recent DOB violations on record for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

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FEMA flood zones

Property location map
FEMA flood zones
0.2,X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
2

Subway & traffic

Closest station
4th Ave & 36th St at NW Corner
Station lines
N-R
Distance (miles)
0.391
View subway map

Access the detailed traffic volume map for Bush Terminal - 4002 2nd Avenue, Brooklyn, NY 11232 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for Bush Terminal - 4002 2nd Avenue, Brooklyn, NY

427 39th St, Brooklyn 425 39th St, Brooklyn 3901 2nd Ave, Brooklyn 437 39th St, Brooklyn 256 39th St, Brooklyn 218 39th St, Brooklyn 116 39th St, Brooklyn 415 39th St, Brooklyn 421 39th St, Brooklyn 423 39th St, Brooklyn 441 39th St, Brooklyn 443 39th St, Brooklyn 457 39th St, Brooklyn 80 39th St, Brooklyn 3913 2nd Ave, Brooklyn 3905 2nd Ave, Brooklyn 228 39th St, Brooklyn 236 39th St, Brooklyn 254 39th St, Brooklyn 465 39th St, Brooklyn

Nearby ZIP codes for Bush Terminal - 4002 2nd Avenue, Brooklyn, NY

10004, New York City, NY 10005, New York City, NY 10006, New York City, NY 10038, New York City, NY 10271, New York City, NY 10280, New York City, NY 11201, New York City, NY 11204, New York City, NY 11209, New York City, NY 11215, New York City, NY 11217, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11226, New York City, NY 11228, New York City, NY 11230, New York City, NY 11231, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for Bush Terminal - 4002 2nd Avenue, Brooklyn, NY 11232?

The development at Bush Terminal - 4002 2nd Avenue, Brooklyn, NY 11232 was built in 1911.

What is the market value of Bush Terminal - 4002 2nd Avenue, Brooklyn, NY 11232?

The current market value of Bush Terminal - 4002 2nd Avenue, Brooklyn, NY 11232 is $179,834,000.

What is the total square footage of Bush Terminal - 4002 2nd Avenue, Brooklyn, NY 11232?

Bush Terminal - 4002 2nd Avenue, Brooklyn, NY 11232 has a total of 1,214,033 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 81.

How many active listings does Bush Terminal - 4002 2nd Avenue, Brooklyn, NY 11232 have?

This address has 4 active listing(s).

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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