# 557 3rd Avenue, Brooklyn

Industrial · built c. 1931 · Block 1040, Lot 5.

On Umarelli: https://umarelli.org/nyc/3010400005/557-third-avenue

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

## 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.

## 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.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Permits Filed for 557 3rd Avenue in Gowanus, Brooklyn](https://newyorkyimby.com/2024/03/permits-filed-for-557-3rd-avenue-in-gowanus-brooklyn.html), New York YIMBY, Mar 4, 2024.

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