175 3rd Street, Brooklyn
Parking · built 1973 · Block 972, Lot 58.
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.
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.
Recent sales
- Apr 30, 2025: $164,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.
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
Work Starts on Giant Gowanus Tower Next to Powerhouse Arts, Brownstoner, Nov 5, 2026.