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557 3rd Avenue, Brooklyn, NY 11215 - Property report

Also known as: 557 3rd Ave

Property image for 557 3rd Avenue, Brooklyn, NY 11215

Property type

Factory - Light Manufacturing (F5)

Year built

1931

Lot sq. ft.

5,277

Sale price

$7,350,000

General information

Address

Primary address

557 3rd Avenue

Alternate address(es)

557-559 3rd Ave

ZIP code

11215

Neighborhood

Gowanus

Borough

Brooklyn

Block & lot

01040-0005

Building

Property type

Factory - Light Manufacturing (F5)

Building sq. ft.

4,500

Building dimensions

61 ft x 90 ft

Buildings on lot

Stories

Year built

1931

Last altered

1978

Building material

Sales

Sale date

09/05/2023

Sale price

$7,350,000 - M

Tax

Tax year

2026-2027

Property tax

$22,660

Tax class

Zoning & Use

Zoning

Qualified opportunity zone

Commercial units

Lot

Lot dimensions

60.67 ft x 90 ft

Lot sq. ft.

5,277

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Current built area

4,485 sq. ft.

Buildable area

Area overview

Walk score

94 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

89 /100. Very Bikeable

School district

Community district

Closest police station

0.76 Miles

Closest fire station

0.41 Miles

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

Ownership

Ownership information for 557 3rd Avenue, 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 557 3rd Avenue, Brooklyn, NY 11215

Sale date	Sale price	Buyer name	Seller name
09/05/2023	$7,350,000	XXX XXXXXXXXXX XXXXX XXX	XXX-XXX XXX XXX XXXXXX XXXX.

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
02/25/2025 - R 02/17/2025 - D	Certificate (2025021800620001)	XXX XXXXXXXX XXX
02/25/2025 - R 02/11/2025 - D	Zoning Lot Description (2025021800620002)	XXX XXXXXXXXXX XXXXX XXX
09/12/2023 - R	Initial UCC1 (2023090800265004)	XXX XXXXXXXXXX XXXXX XXX	XXXX XXXX XXXX
09/02/2026 - R 09/05/2023 - D	Correction Deed (2026082100707001)	XXXXXX XXX XXX XXXXXX XXXX	XXX XXXXXXXXXX XXXXX XXX
02/06/2025 - R 09/05/2023 - D	Correction Deed (2025020400800001)	XXXXXX XXX XXX XXXXXX XXXX	XXX XXXXXXXXXX XXXXX XXX
09/12/2023 - R 09/05/2023 - D	Agreement (2023090800265005)	XXXXXX XXXXXXXXXXX XXX	XXXX XXXX XXXX
09/12/2023 - R 09/05/2023 - D	Assignment of Leases and Rents (2023090800265003)	XXX XXXXXXXXXX XXXXX XXX	XXXX XXXX XXXX
09/12/2023 - R 09/05/2023 - D	Mortgage (2023090800265002)	XXX XXXXXXXXXX XXXXX XXX	XXXX XXXX XXXX
09/12/2023 - R 09/05/2023 - D	Deed (2023090800265001)	XXXXXX XXX XXX XXXXXX XXXX	XXX XXXXXXXXXX XXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 557 3rd Avenue, 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

$22,660

Municipal exemptions

Recent tax assessments

Market value

$502,000

Assessed value

$225,900

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	$481,000	$216,450	$196,200	10.848%	$21,284	$21,284	+2.92%
2024/25	$427,000	$192,150	$192,150	10.762%	$20,679	$20,679	+0.06%
2023/24	$465,000	$209,250	$195,120	10.592%	$20,667	$20,667	+3.16%
2022/23	$446,000	$200,700	$188,190	10.646%	$20,035	$20,035	+14.67%
2021/22	$361,000	$162,450	$162,450	10.755%	$17,471	$17,471	-8.18%
2020/21	$471,000	$211,950	$177,930	10.694%	$19,028	$19,028	+10.31%
2019/20	$425,000	$191,250	$163,710	10.537%	$17,250	$17,250	+9.62%
2018/19	$388,000	$174,600	$149,670	10.514%	$15,736	$15,736	+5.74%
2017/18	$359,000	$161,550	$141,541	10.514%	$14,882	$14,882	+4.62%
2016/17	$334,000	$150,300	$134,521	10.574%	$14,224	$14,224	+4.62%

Permits

Permit information for 557 3rd Avenue, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
09/01/2026	Subdivision: improved
08/28/2026	New building
08/28/2026	New building
08/28/2026	New building
12/16/2025	New building

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	12/12/2018	C-construction other optional
	06/18/1997	C-construction

*Most recent DOB violations on record for this property.

Listings

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

Hurricane evacuation zones

Subway & traffic

Closest station

4th Ave & Prospect Ave at SE Corner

Station lines

Distance (miles)

0.19

View subway map

Access the detailed traffic volume map for 557 3rd Avenue, Brooklyn, NY 11215 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 557 3rd Avenue, Brooklyn, NY

140 14th St, Brooklyn 144 14th St, Brooklyn 561 3rd Ave, Brooklyn 567 3rd Ave, Brooklyn 142 14th St, Brooklyn 146 14th St, Brooklyn 150 14th St, Brooklyn 154 14th St, Brooklyn 65 15th St, Brooklyn 39 15th St, Brooklyn 29 15th St, Brooklyn 47 15th St, Brooklyn 35 15th St, Brooklyn 55 15th St, Brooklyn 553 3rd Ave, Brooklyn 61 15th St, Brooklyn 148 14th St, Brooklyn 152 14th St, Brooklyn 63 15th St, Brooklyn

Frequently asked questions

What is the year built for 557 3rd Avenue, Brooklyn, NY 11215?

The development at 557 3rd Avenue, Brooklyn, NY 11215 was built in 1931.

What is the market value of 557 3rd Avenue, Brooklyn, NY 11215?

The current market value of 557 3rd Avenue, Brooklyn, NY 11215 is $502,000.

What is the total square footage of 557 3rd Avenue, Brooklyn, NY 11215?

557 3rd Avenue, Brooklyn, NY 11215 has a total of 4,500 square feet.

What is the price per square foot for this property?

$1,633 per square foot is the price for 557 3rd Avenue, Brooklyn, NY 11215.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

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.