Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
507 PRESIDENT Street #2-R
Closed For Sale Co-op

$680,000

507 PRESIDENT Street #2-R

Gowanus, Brooklyn

MLS® #RLS10868219

RLS at REBNY

Listing by CORE Group Marketing, LLC

1

Bedroom

1

Bath

N/A

Sq. Ft.

1900

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Lot Size 7,000 sq ft
Year Built 1900
Ownership Co-op
Maintenance $475/mo
Neighborhood Gowanus
Floor 2 of 4

Property Highlights

  • Exposure: North,South facing
  • Style: Prewar architecture
  • Character: Pre-war building (1900)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Floor 2 of 4
Exposure North,South
Pets Yes
Year Built 1900
Architectural Style Prewar
Lot Size 7,000 sq ft

Listing History

Event Date Price Change
Listed Mar 10, 2022 $680,000 -
Currently May 1, 2026 $680,000 -

Description

Own this wonderful home, for the price of renting in dynamic Gowanus, Brooklyn. Move right into this recently renovated, floor-through one bedroom - with bonus windowed office, in-unit washer/dryer, dishwasher, storage, and more. Just one flight up, 2R is packed with natural light, hardwood floors, and all the conveniences of modern living. The north-facing, windowed open kitchen overlooks the co-op's leafy common garden and features Caesarstone countertops, marble backsplash, plentiful storage, and stainless-steel appliances, including a Bosch dishwasher and in-unit washer/dryer. The breakfast bar opens onto the living/dining space with wall-through AC, and the windowed bathroom's spacious shower has a nook for every need. The sun-filled king-size bedroom faces south onto a quiet, single-block street on President. A spacious, windowed bonus room offers the luxury of flexibility; currently used as a nursery, it could instead provide a work-from-home refuge to any professional. 507-509 President Street is an eight-unit, self-managed co-op building, where owners share a large back garden with a dining table and grill. The cellar provides each owner a generous storage area, common bike storage, and a workout space equipped with weights. Despite the low maintenance of $475/month, the co-op is imminently renovating the common hallways, and continuing a multi-staged roof deck project, without incurring additional assessments. Gowanus is surrounded by the best of Brooklyn and strikes a unique vibe that blends an industrial past with burgeoning business and development. Proximal to BAM, Brooklyn Public Library, Brooklyn Museum, Barclay's Center, Grand Army Plaza, and Prospect Park, it packs its own crop of performance venues, restaurants, shops, bars, parks, and cafes. 507 President is next door to a community garden (Dolly's Park), three blocks from Whole Foods' Brooklyn flagship, and blocks from celebrated local spots such as Kick Axe, Brooklyn Boulders, Royal Palms, Ample Hills, and Lavender Lake. It's one block from the R train at Union and one stop from Atlantic Barclays' B/D/N/Q/R/2/3/4/5 trains. The co-op's HDFC regulatory agreement has expired, but the board maintains income caps on purchases in order to maintain valuable DAMP tax benefits which keep common charges low. Income limits apply as follows: Persons or families with 0-2 dependents: $288,360 with 3-more dependents: $366,420 All showings are by appointment only. Please contact the seller's agent to schedule.

Features & Amenities

Interior Features

Den

Exterior Features

Building Garden Garden

Appliances

Dryer Washer Dryer Allowed Washer

Building Information

Building Data View Compliance & Permits
Total Units 8
Stories 4
Style Prewar

Financial Details

Maintenance $475/mo
Sale Price $680,000

Gowanus features a striking mix of 19th-century brick warehouses, Greek Revival rowhouses, and new glass-and-steel condominiums rising along the canal waterfront. The F, G, R, D, and N/W trains are accessible at nearby Smith-Ninth Streets and Fourth Avenue-Ninth Street stations, with Atlantic Terminal a short walk north. Washington Park and the Old Stone House landmark anchor the neighborhood's green space, while a major rezoning is bringing thousands of new residential units and waterfront parkland to the area.

Gowanus Live Market Data

View Neighborhood

Active Listings

13

Median Asking Price

$1.65M

Median $/Sqft

$1,062

Avg Days on Market

N/A

New This Week

2

Price Reduced

8%

Sold (30 Days)

0

Median Sale Price

$1.48M

Live data from RLS at REBNY • Updated 5/1/26, 8:34 AM EST

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Location

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507 PRESIDENT Street #2-R, Gowanus, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1900
Year Built
126 years old
4
Floors
8
Residential Units
M1-4/R6B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $1,357,200
Land Value: $236,250
Exemptions: $1,244,456

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 7,000 SF
Building Area: 6,480 SF
Built FAR: 0.93
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $475 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1900, making it approximately 126 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pet policy requires confirmation with the listing broker.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10868219
First Listed: 3/10/2022
Price Changed: 3/10/2022
Closed: 6/13/2022
Contract Date: 3/10/2022

Listing Courtesy of CORE Group Marketing, LLC - Danielle Berger

Listing Contact: (212) 612-9609

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 12:34 PM UTC

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