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. (Photos Are For Visual Purposes Only) 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.
Gowanus, located between Park Slope and Carroll Gardens, is a industrial and residential New York neighborhood with a canal-side streetscape and converted warehouse blocks. The neighborhood’s character concentrates around 3rd Avenue and Union Street, where breweries, design studios, music rooms, and low-key restaurants spill out beneath the elevated tracks. The Gowanus Canal sets the geography, with pocket parks and new waterfront paths threading past brick factories and newer mid-rises. Powerhouse Arts anchors the creative scene in a former power station. Threes Brewing and Royal Palms Shuffleboard Club act as social landmarks with a distinctly local feel. Brownstone-lined side streets soften the edges of the working waterfront.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
No interior details provided
Exterior features
Lot dimensions approximately 17.5 x 90
Lot number 50
Home design
Land parcel (not a building)
Utilities
Reported utility expense: $0.00
Financial info
Financing options: cash, bank mortgage, exchange considered
Other
Property type listed as Land
Located in Brooklyn near 3rd St and Bond St
Electricity and solar
View estimated energy costs and solar savings for this home
These districts are designed for a wide range of manufacturing and related uses which can conform to a high level of performance standards. Manufacturing establishments of this type, within completely enclosed buildings, provide a buffer between Residence (or Commercial) Districts and other industrial uses which involve more objectionable influences.
Zone overlays
Special Gowanus Mixed Use District
Climate risks
7/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 99° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Brooklyn, NY • 11231
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 123 3rd St
$2,368,464
$132K under list price of $2.50M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.3M to $2.8M.
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