Construction is rising on 125 3rd Street, a 14-story residential building in Gowanus, Brooklyn. Designed by Fogarty Finger and purchased by Allan Lebovits, Joel Wertzberger, and Moishe Loketch with Ariel Property Advisors representing the sellers, the structure will yield 130 units with 25 to 30 percent set aside for affordable housing, and 12,750 square feet of ground-floor retail space. The property is located on a 20,407-square-foot block-through lot with 60 feet of frontage along 2nd Street and over 157 feet of frontage along 3rd Street. An exact number of affordable units has yet to be revealed.
Recent photographs show the reinforced concrete superstructure nearing the halfway mark. Crews were spotted tying steel rebar for the subsequent walls and columns at the top of the building, while metal frame studs and insulation boards are beginning to enclose the second and third stories.
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
A secondary entrance will likely be located on the rear northern side, depicted in the following image.
Photo by Michael Young
Photo by Michael Young
The renderings in the main photo and below preview the southern elevation and the northeastern corner of the building, respectively. The façade is shown composed primarily of light gray brick surrounding a grid of recessed windows with metal frames. A third-story setback on the eastern half of the southern face will likely be topped with an expansive terrace, and the building culminates in a bulkhead with floor-to-ceiling ribbon windows and a roofline that slopes downward to the western edge, which features a rounded corner. The parapet adjacent to the bulkhead is lined with glass railings, and the small wing extending to the north has a small pergola, suggesting the presence of two roof decks.
125 3rd Street. Designed by Fogarty Finger.
Ariel Property Advisors arranged the sale of the site, which offers 101,852 square feet of buildable space, for $29.5 million in September 2023 in a deal brokered by Cushman & Wakefield. In March, the developer acquired a $68 million construction loan to complete the project.
The nearest subways from the property are the F and G trains at the Carroll Street station to the north.
125 3rd Street’s anticipated completion date is slated for June 2026, as noted on site.
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It’s almost topped out now. Fastest building I’ve seen go up
30% affordable, 70% inaffordable.
un-
Damn typo. I saw it too late to fix. Can comments be edited?
Nope. I wish NIMBY would swap the comment software to something that can be edited and with thumb voting since I always aim to please with my comments LOL.
affordable for who? the high income? I really hope not, now its nothing wrong with some high income, but we also need truly affordable units for all incomes
Thanks for telling the truth. DeBlasio, Brad Lander, Adams all liars
Make me repeat on the small wing extending so cute, that it had no other choice to hand with light gray brick: Thanks to Michael Young.