Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
507 President Street #3-R
Closed For Sale Co-op

$475,000

507 President Street #3-R

Gowanus, Brooklyn

MLS® #RLS10863715

RLS at REBNY

Listing by Compass

1

Bedroom

1

Bath

N/A

Sq. Ft.

1900

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1900
Ownership Co-op
Maintenance $475/mo
Neighborhood Gowanus
Floor 3 of 4

Property Highlights

  • Exposure: North facing
  • Style: Prewar architecture
  • Climate Control: Window Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Floor 3 of 4
Exposure North
Cooling Window Units
Pets Yes
Cross Street Nevins Street/3rd Avenue
Year Built 1900
Architectural Style Prewar
Block/Lot 440/43

Listing History

Event Date Price Change
Listed Apr 17, 2019 $475,000 -
Currently May 1, 2026 $475,000 -

Description

Convertible 2 bedroom co-op in trendy Gowanus for the price of a small one bedroom! Although this apartment is in need of a complete overhaul, the apartment one flight down just sold for over $600,000! With windows on three sides of the apartment, you get great light and have nice Brooklyn streetscape views. The building also permits washer dryers to be added in-unit. 507 President Street is an 8 unit self-managed co-op with a very high HDFC income restriction. Each apartment has a large storage space in the basement and there is also a common garden with seating and a dining table. Despite the low maintenance of $475/month, the co-op just painted the hallways with no assessment. Gowanus has a thriving art scene, great music venues, and eclectic, locally sourced restaurants. 507 President is a stone's throw from the newest hip activities such as Kick Axe, Brooklyn Boulders, and Royal Palms. One block from the R train at Union and one stop from Atlantic Barclays where you can access the B/D/N/Q/R/2/3/4/5 trains.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Dryer Washer

Building Information

Financial Details

Maintenance $475/mo
Sale Price $475,000

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, 7:16 AM EST

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Location

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507 President Street #3-R, Gowanus, Kings County • Near Nevins Street/3rd Avenue

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.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

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: RLS10863715
First Listed: 4/17/2019
Closed: 7/5/2023
Contract Date: 4/17/2019

Listing Courtesy of Compass - Christine Toes Muldoon

Listing Contact: (917) 608-6973

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 11:16 AM UTC

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