233 3rd St Brooklyn, NY 11211-8773
Property Lookup
Property profile & analytics
233 3rd St Brooklyn, NY 11211-8773
- Retail residential properties
- 5,285 SF
- 0.04 lot acres
Property ID
US63-3191362
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bigeye Studios / Film Production / Television Studio
Property Details for 233 3rd St
- Year built
- 1910
- Lot size
- 0.04 lot acres
- Property size
- 5,285 SF
- Zone code
- R6
- Property type
- Retail residential properties
- APN
- 02420-0032
- APU
- 24200032
Description
This exceptional vacant mixed-use building presents a unique repositioning opportunity in the heart of Williamsburg, Brooklyn. Situated at 233 South 3rd Street, this four-story property boasts 5,518 square feet across four units, currently configured as two three-bedroom apartments, a floor-through office, and ground-floor retail space. The building sits on a 1,554 square foot lot, with the ground floor built out to the full lot line and upper floors measuring 1,322 square feet each. Built in 1910, the property benefits from a favorable tax assessment (under $11,000) due to its 2B tax class. An additional 2,100 square feet of air rights are available, offering significant potential for expansion. The property is zoned R6, C1-3, allowing for a variety of uses. Its prime location offers easy access to multiple subway lines (G, L, J, M, Z), the BQE, and the ferry, providing convenient commutes to Manhattan, Queens, and the rest of Brooklyn. The surrounding area is vibrant, with numerous restaurants, shops, and recreational facilities nearby, including Domino Park, McCarren Park, and VITAL Climbing Gym. This is a rare chance to acquire a free-market asset in one of Brooklyn's most desirable neighborhoods. The building's vacant status allows for complete customization and renovation to suit the buyer's vision.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,840,000
- ML approach
- $3,160,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,195,000
- 6.5%
- $2,950,000
- 7%
- $2,740,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,555,000 Current use
- AUTO REPAIR, GARAGE
- $4,200,000 Change: +18% Conversion: Difficult
- RETAIL STORES
- $4,070,000 Change: +14% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $3,000,000 Change: -16% Conversion: Moderate
- OFFICE BUILDING
- $2,910,000 Change: -18% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9581
- Latitude
- 40.7111
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,974
$8,550
$709,650
$718,200
-
$19,000
$1,577,000
$1,596,000
