# 175 3rd Street, Brooklyn

Parking · built 1973 · Block 972, Lot 58.

On Umarelli: https://umarelli.org/nyc/3009720058/175-3-street

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

## Building permits

- New Building — Tower, filed Mar 1, 2022, estimated cost $70.5M, 1,071 units, 27 stories, described as “New 27-story mixed use building as shown on plans”
- Alteration, filed Sep 22, 2026, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 19, 2026, estimated cost $4K, described as “Installation of temporary overhead protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 19, 2026, described as “Installation of temporary plywood fence as per plans. No change in use, egress or occupancy.”
- Alteration, filed Dec 18, 2025, described as “Installation of temporary plywood fence as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 23, 2025, estimated cost $160, described as “Proposed 8FT construction fence. No change to use, egress or occupancy under this application.”
- Demolition, filed Mar 13, 2025, estimated cost $50K, described as “Full demolition to a one story building”
- Demolition, filed Mar 13, 2025, estimated cost $50K, described as “Full demolition to a one story building”
- Alteration, filed Apr 20, 2022, estimated cost $5K, described as “Filing for construction fence, as shown on plans. No change in use, occupancy or egress.”
- Alteration, filed Apr 8, 2022, estimated cost $20K, described as “Limited soe work (421A pile installation), as shown on plans.”
- Alteration, filed Apr 4, 2022, estimated cost $20K, described as “Install pile and pile cap to be utilized as foundation element related to new building job #B00680917.”

## Property taxes

- Assessment: $4,185,900
- 2026–27 tax: $453,423
- Market value (city estimate): $9,302,000
- Taxable value: $4,179,780
- Assessed land: $3,261,600
- Assessed improvements: $924,300

## Zoning

M1-4/R7-2 (part of the lot is M1-4/R7X): floor area ratio 0.11 built, 3.44 allowed by base zoning.

## Recent sales

- Apr 30, 2025: $164,000,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard. FEMA’s preliminary map: zone X, moderate risk: a 0.2% chance of flooding each year.

## Board and land use applications

- GSD-175 Third Street Certification & Authorization (City Planning 2025K0324): Authorization, Certification, Completed, filed Oct 15, 2025, decided Aug 18, 2026. A Certification to transfer development rights, Authorization to modify bulk, Certification of a Waterfront Public Access Area (WPAA), and Authorization to modify WPAA requirements to facilitate a new 28-story, 869,000 sf (6.2 FAR)…
- GSD Remediation Certification - 175 Third Street (City Planning 2022K0374): Certification, Completed, filed Mar 29, 2022, decided Apr 12, 2022. A Chairperson Certification pursuant to ZR 139-51 (g) to facilitate a new as-of-right 745,000 SF mixed-use development including 27,000 SF of waterfront public access areas, is being sought by a private applicant, Gowanus Owner LLC at 175…
- Gowanus Neighborhood Plan (City Planning 2018K0382): Zoning map change, Zoning text change, City map change, Urban development action area, Completed, decided Dec 6, 2021. The Gowanus Neighborhood Plan is a shared, long-term vision for a thriving neighborhood. It looks to identify strategies for an equitable, resilient and sustainable Gowanus, with more local jobs and housing. The Plan supports community…

## In the news

[Construction Begins on 1,000+ Unit Tower at 175 Third Street in Gowanus, Brooklyn](https://newyorkyimby.com/2026/10/construction-begins-on-1000-unit-tower-at-175-third-street-in-gowanus-brooklyn.html), New York YIMBY, Oct 3, 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