Industrial condominium · Gowanus, Brooklyn
Brooklyn Rapid Transit Company Central Power Station Engine House
322 Third Avenue, Brooklyn, NY 11215
The Brooklyn Rapid Transit Company Central Power Station Engine House (322 Third Avenue) is a 6-floor industrial condominium in Gowanus, Brooklyn, built in 1931, with about 160,000 square feet of industrial and storage space according to city records.
Also at 153 2nd Street and 340 3rd Avenue.
- Industrial and storage space
- 160K SF
- Floors
- 6
- Year built
- 1931
- Zoning
- M2-1
The 3rd largest of the 14 industrial and storage buildings we track in Gowanus. Compare it with 6 neighbors
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Compared with its neighbors
How the Brooklyn Rapid Transit Company Central Power Station Engine House compares
Next to the 6 nearest large industrial and storage buildings, all within a 5 minute walk, the Brooklyn Rapid Transit Company Central Power Station Engine House ranks 2nd of 7 by industrial and storage floor area. It went up in 1931; the median neighbor dates from 1954. Its estimated property tax, about $10.12 a square foot of floor area before abatements, is above the neighbors' median of $7.70.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| Brooklyn Rapid Transit Company Central Power Station Engine House, 322 Third Avenue | 160K SF | 6 | 1931 | $10.12 | n/a |
| 300 3rd Avenue | 79K SF | 4 | 1959 | $7.70 | Dec 2020, $77M |
| 312 3rd Avenue | 90K SF | 4 | 2003 | $6.96 | Oct 2008, $23.6M |
| 163 6th Street | 76K SF | 5 | 2017 | $8.08 | n/a |
| 22 2nd Avenue | 39K SF | 1 | 1930 | Exempt | n/a |
| 98 4th Street | 36K SF | 3 | 1931 | $5.02 | Mar 2006, $2M |
| 213 6th Street | 307K SF | 4 | 1950 | $7.92 | n/a |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Building name
- Brooklyn Rapid Transit Company Central Power Station Engine House
- Other addresses
- 153 2nd Street; 340 3rd Avenue
- ZIP code
- 11215
- Building type
- Industrial condominium (city class RW)
- Total floor area
- 160,207 SF
- Commercial floor area
- 160,207 SF
- Industrial and storage
- 160,207 SF
- Height
- 6 floors
- Average floor
- About 26,700 SF (floor area divided by floors)
- Year built
- 1931
- Lot area
- 108,722 SF
- Zoning district
- M2-1
- Built FAR
- 1.47
- Max commercial FAR
- 2
- Landmark status
- Individual landmark
- Tax lot (BBL)
- 3009677501
Nearest subway
- Union St
- 4 Av-9 St
- Carroll St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Brooklyn Rapid Transit Company Central Power Station Engine House is a condominium of 3 tax lots. BRT POWERHOUSE LLC owns the units that make up 100% of its market value. For tax year 2026/27 the city values the Brooklyn Rapid Transit Company Central Power Station Engine House at $35 million and assesses it at $15.8 million. After phase-ins and exemptions its taxable value is $14.9 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $1.62 million a year before abatements, roughly $10.12 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Largest unit owner
- BRT POWERHOUSE LLC (100% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $35,042,000
- Land market value
- $1,575,000
- Assessed value
- $15,768,900
- Taxable value (phased in)
- $14,947,882
- Estimated yearly tax
- About $1.62 million
- Tax per SF of floor area
- About $10.12
- Condominium tax lots
- 3
- Owners of record
- 1
City market value by tax year
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How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 3 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
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NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 7 jobs at the Brooklyn Rapid Transit Company Central Power Station Engine House. In the last two years, interior work was permitted on 4 floors (floors 1 to 3 and 5, the cellar and the mezzanine). The newest build-out, on floors 1 and 2, the cellar and the mezzanine, was first permitted in July 2026 (plumbing; filed cost estimate $28,000).
- New jobs, last 12 months
- 7
- Initial permits, last 12 months
- 8
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 5
- Floors with interior work, last 24 months
- 1 to 3 and 5, cellar, mezzanine
Recent build-outs
New jobs by year
Build-outs across GowanusWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
Landmarks Preservation Commission records
Architecture and history
The Landmarks Preservation Commission designated the Brooklyn Rapid Transit Company (BRT) Central Power Station Engine House, on this tax lot, a New York City landmark on October 29, 2019.
- Landmark on this lot
- Brooklyn Rapid Transit Company (BRT) Central Power Station Engine House: individual landmark, designated October 29, 2019 (LP-02639)
Source: NYC Landmarks Preservation Commission, Individual Landmark Sites on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.
No industrial and storage space listed in Gowanus yet
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Questions about Brooklyn Rapid Transit Company Central Power Station Engine House
How big is the Brooklyn Rapid Transit Company Central Power Station Engine House?
The Brooklyn Rapid Transit Company Central Power Station Engine House has about 160,000 square feet of floor area in total, including 160,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was the Brooklyn Rapid Transit Company Central Power Station Engine House built?
City records list 1931 as the year built. The building is 6 floors tall.
Is the Brooklyn Rapid Transit Company Central Power Station Engine House a New York City landmark?
The tax lot at 322 Third Avenue includes Brooklyn Rapid Transit Company (BRT) Central Power Station Engine House, an individual landmark designated October 29, 2019 (LP-02639). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Landmarks Preservation Commission.
What is the address of the Brooklyn Rapid Transit Company Central Power Station Engine House?
The Brooklyn Rapid Transit Company Central Power Station Engine House is at 322 Third Avenue in Gowanus, Brooklyn. City records list 153 2nd Street and 340 3rd Avenue on the same tax lot (BBL 3009677501). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 322 Third Avenue?
322 Third Avenue is in ZIP code 11215, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Brooklyn Rapid Transit Company Central Power Station Engine House is at 322 Third Avenue, Brooklyn, NY 11215, in Gowanus.
What is the zoning at the Brooklyn Rapid Transit Company Central Power Station Engine House?
The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.47 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to the Brooklyn Rapid Transit Company Central Power Station Engine House?
The closest subway station to the Brooklyn Rapid Transit Company Central Power Station Engine House is Union St (the R train), about 0.3 miles away in a straight line, roughly 6 minutes on foot. Also nearby: 4 Av-9 St (the F, G and R trains), 8 min walk; Carroll St (the F and G trains), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns the Brooklyn Rapid Transit Company Central Power Station Engine House?
The Brooklyn Rapid Transit Company Central Power Station Engine House is a condominium of 3 tax lots. BRT POWERHOUSE LLC owns the units that make up 100% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 3009677501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Is there construction at the Brooklyn Rapid Transit Company Central Power Station Engine House?
In the 12 months to October 2026, the Department of Buildings issued first permits for 7 jobs at the Brooklyn Rapid Transit Company Central Power Station Engine House. In the last two years, interior work was permitted on 4 floors (floors 1 to 3 and 5, the cellar and the mezzanine). The newest build-out, on floors 1 and 2, the cellar and the mezzanine, was first permitted in July 2026 (plumbing; filed cost estimate $28,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3009677501. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at the Brooklyn Rapid Transit Company Central Power Station Engine House?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $14.9 million for the Brooklyn Rapid Transit Company Central Power Station Engine House (the sum of its 3 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.62 million a year, roughly $10.12 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3009677501 show the actual bill.
What is the assessed value of the Brooklyn Rapid Transit Company Central Power Station Engine House?
For tax year 2026/27, the NYC Department of Finance puts the market value of the Brooklyn Rapid Transit Company Central Power Station Engine House at $35 million ($1.57 million of it land) and its assessed value at $15.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 4% from 2025/26 ($33.6 million) to 2026/27.
Is there industrial and storage space for lease at the Brooklyn Rapid Transit Company Central Power Station Engine House?
No space at 322 Third Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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Gowanus
Transit hubs in Gowanus
- F G R at 4 Av-9 St
- R at Union St
- F G at Carroll St