Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $449,500

· Closed December 29, 2017

507 President Street #L-2
Closed For Sale Co-op

$449,500

$692 per sq ft

507 President Street #L-2

Gowanus, Brooklyn

MLS® #RLS10048879

RLS at REBNY

Listing by Compass

1

Bedroom

1

Bath

650

Sq. Ft.

1900

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 650 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
Cross Street Nevins Street/3rd Avenue
Year Built 1900
Living Area 650 sq ft
Architectural Style Prewar
Block/Lot 440/43

Listing History

Event Date Price Change
Listed Jul 12, 2017 $449,500 -
Currently May 3, 2026 $449,500 -

Description

Available for the first time in 80 years! One remaining unit of the five put on market. Family managed HDFC (income restricted) co-op in the heart of Gowanus one block from the train. The building has been impeccably taken care of. Sunny second floor residence of a quiet four-story walk-up. Additional room can be converted into a HO or nursery/small bedroom. See alternate floor plans. Small pets with board approval. Only 10% downpayment required. W/D allowed. Gifting allowed. Income restrictions apply. Please message for further information.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Maintenance $475/mo

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 5/3/26, 10:15 AM EST

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Location

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507 President Street #L-2, 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.

The listed interior living area is 650 square feet. Verify dimensions independently during due diligence.

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.

At the current list price of $449,500 for 650 sq ft, the asking price per square foot is approximately $692. This figure is for reference only and may differ from appraised or assessed values.

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: RLS10048879
First Listed: 7/12/2017
Closed: 12/29/2017
Contract Date: 7/12/2017

Listing Courtesy of Compass - Lindsay Hymson

Listing Contact: (347) 352-0989

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 5/3/2026 at 2:15 PM UTC

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