Kings » 11231 » 3rd St » 121 3rd St

121 3rd Street, Brooklyn, NY 11231 - Property report

Also known as: 121 3rd St

Property image for 121 3rd Street, Brooklyn, NY 11231

Property type

Primarily Five to Six Family with One Store or Office (S5)

Year built

1920

Lot sq. ft.

2,250

Sale price

$755,000

General information

Address

Primary address

121 3rd Street

Alternate address(es)

391 Bond St
399 Bond St

ZIP code

11231

Neighborhood

Gowanus

Borough

Brooklyn

Block & lot

00462-0051

Building

Property type

Primarily Five to Six Family with One Store or Office (S5)

Building sq. ft.

6,435

Building dimensions

25 ft x 50 ft

Buildings on lot

Stories

Year built

1920

Building material

Sales

Sale date

08/23/2002

Sale price

$755,000

Tax

Tax year

2026-2027

Property tax

$10,755

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

25 ft x 90 ft

Lot sq. ft.

2,250

Area overview

Walk score

76 /100. Very Walkable

Transit score

100 /100. Rider's Paradise

Bike score

90 /100. Biker's Paradise

School district

Community district

Closest police station

0.63 Miles

Closest fire station

0.42 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 121 3rd Street, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 121 3rd Street, Brooklyn, NY 11231

Sale date	Sale price	Buyer name	Seller name
08/23/2002	$755,000	XXXXXXXXXXX, XXXXXXXXX XXX XXXXXXXXXXX, XXXXX	XXXXXXXX, XXXX XXX XXXXXXXX, XXXXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
08/02/2017 - R	UCC3 Termination (2017080100918002)	XXX XXX XXXXXX XXX	XXXXXXXX XXXX
08/08/2017 - R 07/28/2017 - D	Agreement (2017080100633003)	XXX XXX XXXXXX XXX	XXXXXXXX XXXXX XXXX XX
08/08/2017 - R 07/28/2017 - D	Mortgage (2017080100633002)	XXX XXX XXXXXX XXX	XXXXXXXX XXXXX XXXX XX
08/02/2017 - R 07/24/2017 - D	Termination of Assign of L&R (2017080100918001)	XXXXXXXX XXXX
08/08/2017 - R 07/24/2017 - D	Assignment, Mortgage (2017080100633001)	XXXXXXXX XXXX	XXXXXXXX XXXXX XXXX XX
08/11/2014 - R 07/11/2014 - D	Satisfaction of Mortgage (2014072200713001)	XXXXXXXXXXX XXXXX	XXXXXXXX XXXXXXX XXXX XXX
02/06/2013 - R	Initial UCC1 (2013012301058004)	XXX XXX XXXXXX XXX	XXXXXXXX XXXXXXX XXXX XXX
02/06/2013 - R 01/17/2013 - D	Assignment of Leases and Rents (2013012301058003)	XXX XXX XXXXXX XXX	XXXXXXXX XXXXXXX XXXX XXX
02/06/2013 - R 01/17/2013 - D	Agreement (2013012301058002)	XXXXXXXX XXXXXXX XXXX XXX	XXX XXX XXXXXX XXX
02/06/2013 - R 01/17/2013 - D	Mortgage (2013012301058001)	XXX XXX XXXXXX XXX	XXXXXXXX XXXXXXX XXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 121 3rd Street, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$10,755

Municipal exemptions

Recent tax assessments

Market value

$2,558,000

Assessed value

$1,151,100

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$2,132,000	$959,400	$86,464	12.439%	$10,755	$10,755	+2.87%
2024/25	$1,777,000	$799,650	$83,639	12.5%	$10,455	$10,455	+7.92%
2023/24	$1,643,000	$739,350	$77,489	12.502%	$9,688	$9,688	+10.03%
2022/23	$1,615,000	$726,750	$71,777	12.267%	$8,805	$8,805	+8.19%
2021/22	$1,900,000	$855,000	$66,511	12.235%	$8,138	$8,138	-0.26%
2020/21	$1,871,000	$841,950	$66,511	12.267%	$8,159	$8,159	+1.67%
2019/20	$1,558,800	$701,460	$64,338	12.473%	$8,025	$8,025	+6.75%
2018/19	$1,299,000	$584,550	$59,607	12.612%	$7,518	$7,518	+7.05%
2017/18	$1,224,000	$550,800	$55,213	12.719%	$7,023	$7,023	+6.47%
2016/17	$979,000	$440,550	$51,162	12.892%	$6,596	$6,596	+0.07%

Permits

Permit information for 121 3rd Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
08/06/2019	Alteration
08/05/2019	Alteration type 2
07/16/2019	Alteration
07/18/2016	Alteration type 2
08/18/2015	Sign

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	01/03/2008	Ll6291-local law 62/91 - boilers
	01/31/2005	Ll6291-local law 62/91 - boilers

*Most recent DOB violations on record for this property.

Listings

Commercial listings at 121 3rd Street, Brooklyn, NY 11231

Photo	Listing Type	Property Type	Price	Sq. ft.	Listing Date	Last Updated
	For Lease	Unassigned	$120/Sq. ft./Year	6,435	05/20/2026	05/20/2026	View listing

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

0.2,AE

Hurricane evacuation zones

Subway & traffic

Closest station

Smith St & 2nd St at SE Corner

Station lines

F-G

Distance (miles)

0.248

View subway map

Access the detailed traffic volume map for 121 3rd Street, Brooklyn, NY 11231 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 121 3rd Street, Brooklyn, NY

110 2nd Pl, Brooklyn 118 2nd Pl, Brooklyn 126 2nd St, Brooklyn 425 Court St, Brooklyn 112 2nd Pl, Brooklyn 142 2nd St, Brooklyn 123 3rd St, Brooklyn 423 Court St, Brooklyn 417 Court St, Brooklyn 407 Court St, Brooklyn 108 2nd Pl, Brooklyn 140 2nd St, Brooklyn 114 2nd Pl, Brooklyn 125 3rd St, Brooklyn 128 2nd St, Brooklyn

Frequently asked questions

What is the year built for 121 3rd Street, Brooklyn, NY 11231?

The development at 121 3rd Street, Brooklyn, NY 11231 was built in 1920.

What is the market value of 121 3rd Street, Brooklyn, NY 11231?

The current market value of 121 3rd Street, Brooklyn, NY 11231 is $2,558,000.

What is the total square footage of 121 3rd Street, Brooklyn, NY 11231?

121 3rd Street, Brooklyn, NY 11231 has a total of 6,435 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

How many active listings does 121 3rd Street, Brooklyn, NY 11231 have?

This address has 1 active listing(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.