Office and commercial building · Gowanus, Brooklyn
361 3rd Avenue
Brooklyn, NY 11215
361 3rd Avenue is a 3-floor office and commercial building in Gowanus, Brooklyn, built in 1884, with about 43,000 square feet of office space according to city records.
Also at 361-379 3rd Avenue and 232-250 3rd Street.
- Office space
- 43K SF
- Floors
- 3
- Year built
- 1884
- Zoning
- M1-4/R7X
The 7th largest of the 8 office buildings we track in Gowanus. Compare it with 6 neighbors
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Compared with its neighbors
How 361 3rd Avenue compares
Next to the 6 nearest large office buildings, all within a 7 minute walk, 361 3rd Avenue ranks 6th of 7 by office floor area. Built in 1884, it is the oldest of them. Its estimated property tax, about $7.10 a square foot of floor area before abatements, is above the neighbors' median of $6.27.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 361 3rd Avenue | 43K SF | 3 | 1884 | $7.10 | n/a |
| 1 2nd Avenue | 47K SF | 3 | 1957 | $7.60 | n/a |
| 168 7th Street | 73K SF | 3 | 1910 | $4.93 | Jul 2013, $15.3M |
| 160 7th Street | 39K SF | 4 | 1920 | $2.14 | n/a |
| 530 President Street | 101K SF | 3 | 1923 | $0.85 | Jul 2008, $14.5M |
| 78 3rd Street | 68K SF | 4 | 1968 | $14.84 | Sep 2024, $29.5M |
| 124 9th Street | 100K SF | 4 | 1925 | $9.17 | 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
- Other addresses
- 361-379 3rd Avenue; 232-250 3rd Street
- ZIP code
- 11215
- Building type
- Office and commercial building (city class O9)
- Total floor area
- 86,000 SF
- Commercial floor area
- 86,000 SF
- Office
- 43,000 SF
- Industrial and storage
- 43,000 SF
- Height
- 3 floors
- Year built (tax records)
- 1890
- Last major alteration
- 2005
- Apartments
- 1
- Lot area
- 49,400 SF
- Zoning district
- M1-4/R7X
- Built FAR
- 1.74
- Max commercial FAR
- 2
- Landmark status
- Individual landmark
- Tax lot (BBL)
- 3009800008
Nearest subway
- 4 Av-9 St
- Union St
- Smith-9 Sts
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 361 3rd Avenue for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 0
- Share vacant across Gowanus
- 10.8%
- Share vacant along 3rd Avenue
- 7.9%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Gowanus? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-09. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists LMS REALTY ASSOCIATES as the owner of record. For tax year 2026/27 the city values 361 3rd Avenue at $17.1 million and assesses it at $7.67 million. After phase-ins and exemptions its taxable value is $5.63 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 $610,844 a year before abatements, roughly $7.10 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.
- Owner of record
- LMS REALTY ASSOCIATES
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $17,052,000
- Land market value
- $872,000
- Assessed value
- $7,673,400
- Taxable value (phased in)
- $6,776,640
- Exemptions
- $1,145,700
- Estimated yearly tax
- About $610,844
- Tax per SF of floor area
- About $7.10
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-09; 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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Landmarks Preservation Commission records
Architecture and history
361 3rd Avenue was designed by Daniel McLean Somers and built in 1884 in the American Round Arch style. The Landmarks Preservation Commission designated Somers Brothers Tinware Factory (later American Can Company), on this tax lot, a New York City landmark on October 29, 2019.
- Architect
- Daniel McLean Somers
- Constructed
- 1884
- Style
- American Round Arch
- Primary material
- Polychromatic brick
- Built as
- Factory
- Landmark on this lot
- Somers Brothers Tinware Factory (later American Can Company): individual landmark, designated October 29, 2019 (LP-02640)
Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-09. A designation can cover part of a lot, such as a facade or a lobby interior.
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Questions about 361 3rd Avenue
How big is 361 3rd Avenue?
361 3rd Avenue has about 86,000 square feet of floor area in total, including 43,000 square feet of office and 43,000 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 361 3rd Avenue built?
The Landmarks Preservation Commission's building records date 361 3rd Avenue to 1884, designed by Daniel McLean Somers. City tax records list 1890 as the year built. The building is 3 floors tall.
Who designed 361 3rd Avenue?
Daniel McLean Somers, according to the Landmarks Preservation Commission's building records, which list the style as American Round Arch and its original use as a factory.
Is 361 3rd Avenue a New York City landmark?
The tax lot at 361 3rd Avenue includes Somers Brothers Tinware Factory (later American Can Company), an individual landmark designated October 29, 2019 (LP-02640). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Landmarks Preservation Commission.
What other addresses does 361 3rd Avenue have?
City records list 361-379 3rd Avenue and 232-250 3rd Street on the same tax lot (BBL 3009800008) as 361 3rd Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 361 3rd Avenue?
361 3rd 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 full mailing address is 361 3rd Avenue, Brooklyn, NY 11215, in Gowanus.
What is the zoning at 361 3rd Avenue?
The lot is in the M1-4/R7X zoning district. PLUTO lists a built floor area ratio (FAR) of 1.74 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 361 3rd Avenue?
The closest subway station to 361 3rd Avenue is 4 Av-9 St (the F, G and R trains), about 0.3 miles away in a straight line, roughly 5 minutes on foot. Also nearby: Union St (the R train), 6 min walk; Smith-9 Sts (the F and G trains), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 361 3rd Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists LMS REALTY ASSOCIATES as the owner of record of 361 3rd Avenue (BBL 3009800008). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What are the property taxes at 361 3rd Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.63 million for 361 3rd Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $610,844 a year, roughly $7.10 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3009800008 show the actual bill.
What is the assessed value of 361 3rd Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 361 3rd Avenue at $17.1 million ($872,000 of it land) and its assessed value at $7.67 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 20% from 2022/23 ($14.2 million) to 2026/27.
Are there vacant storefronts at 361 3rd Avenue?
Owners registered one storefront at 361 3rd Avenue for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 361 3rd Avenue?
No space at 361 3rd 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
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