557 3rd Avenue, Brooklyn
Industrial · built c. 1931 · Block 1040, Lot 5.
Building permits
- New Building — Large Residential, filed Dec 16, 2025, 51 units, 7 stories, described as “New seven story mixed-used building”
- Alteration, filed Oct 28, 2026, estimated cost $5K, described as “Install temporary construction fence with general construction work as per plans filed herewith. No change in use, egress or certificate of occupancy.”
- Demolition, filed Nov 13, 2025, estimated cost $75K, described as “Herewith filing for full demolition application for exist. 2-story buildingfiled under dobj ob# B01307343-I1THERE is no active sprinkler system or stand pipeinstalled in the building.”
Property taxes
- Assessment
- $225,900
- 2026–27 tax
- $22,660
- Market value (city estimate)
- $502,000
- Taxable value
- $208,890
- Assessed land
- $71,100
- Assessed improvements
- $154,800
Zoning
R6A: floor area ratio 0.85 built, 3.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Sep 5, 2023: $7,350,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 557 3rd Avenue in Gowanus, Brooklyn, New York YIMBY, Mar 4, 2024.