Positioned in the heart of the Gowanus Mixed Use District, 123 Third Street presents a rare opportunity to acquire and develop in one of Brooklyn’s most dynamic and rapidly transforming neighborhoods. Surrounded by significant new construction and long-term neighborhood investment, including major development on Bond Street. This site is ideally situated for a forward-thinking residential or mixed-use project. Located just moments from Whole Foods, neighborhood cafés, and Carroll Gardens, the property offers the perfect blend of convenience and character. Commuters will appreciate the short distance to the Carroll Street subway station, providing quick access into Manhattan and the greater city. Gowanus continues to evolve into a premier Brooklyn destination, fueled by rezoning, infrastructure improvements, and a wave of high-quality new developments. This offering provides developers and investors the chance to capitalize on strong neighborhood momentum, limited available sites, and increasing demand for thoughtfully designed housing. Opportunities in this corridor are becoming increasingly scarce. 123 Third Street is a chance to secure a position in the future of Gowanus. This is an opportunity you do not want to miss. All information provided herein is deemed reliable but is not guaranteed and should be independently verified by prospective purchasers. Property details, zoning information, development potential, square footage, lot dimensions, and any renderings or conceptual plans are provided for informational purposes only and are subject to errors, omissions, and changes without notice.
Lot/land
$2,500,000
123 3rd St, Brooklyn, NY 11231
--beds
--baths
1,575Square Feet
Unimproved Land
Built in ----
1,575 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 141 days |
- 159 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
eXp Realty BKNY 888-276-0630,
Salvatore V. Dibenedetto 718-500-3423
Source: BNYMLS,MLS#: 498961
Facts & features
Interior
Interior area
- Total structure area: 0
Property
Lot
- Size: 1,575 Square Feet
- Dimensions: 17x90
Details
- Foundation area: 0
- Parcel number: 004620050
- Special conditions: Arm's Length
Community & HOA
Community
- Subdivision: Brooklyn
Location
- Region: Brooklyn
Financial & listing details
- Tax assessed value: $604,000
- Annual tax amount: $20,000
- Date on market: 2/12/2026
- Cumulative days on market: 142 days
Estimated market value
Not available
Estimated sales range
Not available
$4,958/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/12/2026 | Listed for sale | $2,500,000+173.2% |
Source: | ||
| 8/15/2017 | Sold | $915,000+103.4% |
Source: Public Record Report a problem | ||
| 2/6/2011 | Listing removed | $449,900 |
Source: foreclosure.com Report a problem | ||
| 11/14/2010 | Price change | $449,900-57.9% |
Source: TOM MARCO REAL ESTATE #357272 Report a problem | ||
| 11/2/2010 | Listed for sale | -- |
Source: foreclosure.com Report a problem | ||
| 6/8/2010 | Sold | $1,068,821+111.6% |
Source: Public Record Report a problem | ||
| 9/12/2005 | Sold | $505,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,499 +20.5% | $271,800 +26.6% |
| 2024 | $15,357 | $214,650 +30% |
| 2023 | -- | $165,150 +25.7% |
| 2022 | -- | $131,400 +15% |
| 2021 | -- | $114,300 +14.9% |
| 2020 | $7,331 +22.5% | $99,450 +15.1% |
| 2019 | $5,984 +40.6% | $86,400 +20% |
| 2018 | $4,255 +49.7% | $72,000 +49.5% |
| 2017 | $2,841 +46.4% | $48,150 +15.1% |
| 2016 | $1,940 | $41,850 +17.7% |
| 2015 | $1,940 +19% | $35,550 +170.6% |
| 2014 | $1,631 | $13,136 +4.8% |
| 2013 | -- | $12,538 +5% |
| 2012 | -- | $11,942 |
| 2011 | -- | $11,942 +3% |
| 2010 | -- | $11,589 +5.9% |
| 2009 | -- | $10,947 +4.8% |
| 2008 | -- | $10,449 +5% |
| 2007 | -- | $9,952 |
| 2006 | -- | $9,952 +3% |
| 2005 | -- | $9,658 +5.9% |
| 2004 | -- | $9,123 +4.8% |
| 2003 | -- | $8,708 +5% |
| 2002 | -- | $8,294 |
| 2001 | -- | $8,294 +3% |
| 2000 | -- | $8,049 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Gowanus
Nearby schools
GreatSchools rating
- 8/10Ps 32 Samuels Mills SproleGrades: PK-5Distance: 0.2 mi
- 8/10Ms 51 William AlexanderGrades: 6-8Distance: 0.5 mi
- 2/10Cobble Hill School of American StudiesGrades: 9-12Distance: 0.5 mi
A local agent can set up tours, give advice and negotiate with sellers.







