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Financial
Distress signals
Property profile

224 3rd Ave Brooklyn, NY 11217

OFF-MARKET
Auto shops
Property ID
US63-1874626
8,500 SF 0.19 ac lot Built 1930
Last sale Feb 2025 · $16,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A retail space located at 224 3rd Avenue within a newly constructed mixed-use luxury development. The space is situated in the Gowanus area of Brooklyn, near the R, F, and G subway lines, and the surrounding neighborhood includes a mix of industrial-era and creative businesses. The property is configured for retail storefront use and is positioned within a retail-and-entertainment context of the immediate area.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$37k
Tax billed · 2024
Assessed value$447k
Assessed land$76k
Assessed improvement$371k
Effective rate8.36%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$795/SF
Submarket average, outlier-cleaned · 209 recorded sales of this use type
Observed band · Q1–Q3$346 – $1,411
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M14R7X
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Assisted Living Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Assisted Living Facility17.2
Nursing Home14.8
Accounting Firm13.9

Location

224 3rd Ave Brooklyn, NY 11217-3036
County assessor Recorded deeds · not on file 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
563 Sackett, Brooklyn, NY 11217 $46,500,000 Aug 2025 10,750 SF
231 3rd, Brooklyn, NY 11217 $29,400,000 Dec 2024 22,699 SF
Wyckoff, Brooklyn, NY 11217 $39,715,000 Apr 2024 No data
68 Hanson, Brooklyn, NY 11217-1506 $42,600,000 Oct 2022 No data
553 Sackett, Brooklyn, NY 11217-3018 $30,366,000 Aug 2022 No data
462 Baltic, Brooklyn, NY 11217 $1,566,000 Feb 2022 4,780 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $935,000
    6,100 SF
    572-574 Sackett St
    AUTO REPAIR, GARAGE
    572-574 Sackett St, Brooklyn, NY 11217
    View Details
  • Value Estimation
    $885,000
    12,000 SF
    304 Douglass St, Unit 314
    AUTO REPAIR, GARAGE
    304 Douglass St, Brooklyn, NY 11217-3114
    View Details
  • Value Estimation
    $550,000
    4,567 SF
    330 Douglass St
    AUTO REPAIR, GARAGE
    330 Douglass St, Brooklyn, NY 11217-3114
    View Details
  • Value Estimation
    $385,000
    3,200 SF
    295 Nevins St
    AUTO REPAIR, GARAGE
    295 Nevins St, Brooklyn, NY 11217-3031
    View Details
  • Value Estimation
    $29,400,000
    22,699 SF
    231 3rd Ave, Unit 249
    AUTO REPAIR, GARAGE
    231 3rd Ave, Brooklyn, NY 11217
    View Details
  • Value Estimation
    $575,000
    3,000 SF
    597 Sackett St
    AUTO REPAIR, GARAGE
    597 Sackett St, Brooklyn, NY 11217-3116
    View Details

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  • New
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  • Contact for pricing
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Similar in This City for Lease

  • Contact for pricing
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  • New
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  • Contact for pricing
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