125 3rd Street, Brooklyn
Condominium · 3 units · built 2024 · Block 462, Lot 7501.
Building permits
- New Building — Mid-Rise, filed Nov 15, 2021, 132 units, 14 stories, described as “New 14-story building.”
- Alteration, filed Jun 29, 2026, estimated cost $10K, described as “Add 2 ADA bathrooms”
- Alteration, filed Apr 8, 2024, estimated cost $6K, described as “Installation of temporary needle beam as per plans. No change in use, egress or occupancy.”
- Alteration, filed Mar 27, 2024, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Mar 25, 2024, estimated cost $6K, described as “Installation of temporary personnel material hoist as per plans. No change in use, egress or occupancy.”
- Alteration, filed Mar 18, 2024, estimated cost $4K, described as “Installation of temporary overhead protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Mar 18, 2024, estimated cost $4K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Feb 21, 2024, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Sep 8, 2023, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”
Property taxes
- Assessment
- $16,824,599
- 2026–27 tax
- $154,699
- Market value (city estimate)
- $37,388,000
- Taxable value
- $1,252,848
- Assessed land
- $917,100
- Assessed improvements
- $15,907,499
- Condo units with their own tax lots
- 4
Tax breaks
- 421-a exemption, through Jun 30, 2060, about $1,807,207 a year below the full tax.
Zoning
M1-4/R7-2: floor area ratio 5.23 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29).
Recent sales
- Dec 30, 2025: $105,000,000, Apt C1, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
New Ownership Group Acquires 130 Second Street in Gowanus, Brooklyn, New York YIMBY, Jan 7, 2026.