# 125 3rd Street, Brooklyn

Condominium · 3 units · built 2024 · Block 462, Lot 7501.

On Umarelli: https://umarelli.org/nyc/3004627501/130-2-street

More construction in Gowanus: https://umarelli.org/nyc/brooklyn/gowanus.md

## 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.

## 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.

## Flood zone

Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29).

## In the news

[New Ownership Group Acquires 130 Second Street in Gowanus, Brooklyn](https://newyorkyimby.com/2026/01/new-ownership-group-acquires-130-second-street-in-gowanus-brooklyn.html), New York YIMBY, Jan 7, 2026.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology