Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,050,000

· Closed December 20, 2022

Closed For Sale Condo

$1,050,000

$1,500 per sq ft

494 PRESIDENT Street #3

Gowanus, Brooklyn

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MLS® #RLS10815733

RLS at REBNY

Listing by Douglas Elliman Real Estate

2

Bedrooms

1

Bath

700

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 700 sq ft
Year Built N/A
Ownership Condo
HOA/Common Charges $215/mo
Property Taxes $960/yr
Neighborhood Gowanus
Floor 3 of 1

Property Highlights

  • Exposure: East,North,South,West facing
  • Outdoor Space: Rooftop
  • Style: Prewar architecture

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 1 Full
Floor 3 of 1
Exposure East,North,South,West
Pets Yes
Cross Street NEVINS STREET and 3 AVENUE
Living Area 700 sq ft
Architectural Style Prewar
Parcel # 00447-1103

Listing History

Event Date Price Change
Listed Sep 7, 2022 $1,050,000 -
Currently May 1, 2026 $1,050,000 -

Description

Perched on the top floor of a self-managed 3 unit condo building is the penthouse of 494 President Street.

A truly turn key 2 bedroom apartment is delivered with all the bells and whistles. The kitchen is laden with top end appliances: Bosch, Vulkcan, Viking, Blomberg. A washer/dryer is included in unit. The apartment is well appointed with bamboo flooring throughout as well as high ceilings. A marble decked bathroom includes a skylight. An HVAC split system delivers localized heat and a/c per room. A Juliet balcony extends from the living room looking to a canyon of neighboring backyards and gardens. Is there more? How about a wine cooler and wood burning fireplace? In a condo? Yes.

But the piece de resistance? From within the apartment up the stairs you'll find a private roof deck with a sprawling space set up for dining and entertaining. Included in the sale you'll find a full furniture set up as well including a bar, bbq, umbrella, bar and lawn chairs. The view showcases sunrise and sunset panoramic views of the Brooklyn and Manhattan skylines.

Gowanus is conveniently located between old world Park Slope and Carroll Gardens. Its a hotbed of change and development with a burgeoning array of shops, galleries, bars, restaurants and gyms. Right around the corner you'll find Michelin star Claro, local fave Littlefield and a host of other landmarks. Travel and commute to Manhattan is easy with the R and F/G a short distance away.

And what of finances? 494 President boats an extraordinarily low monthly costs with maintenance and tax -combined- under $300 dollars! Do your research; try to find another property this size in this location with this price with this low a monthly expense. You won't. Book a time, on appointment to see this gem of a home. In the "million-ish" price point there is nothing in the Fall Brooklyn real estate market that compares. This one is special.


Features & Amenities

Exterior Features

Rooftop

Building Information

Financial Details

Common Charges $215/mo
RE Taxes $960/yr ($80/mo)
Sale Price $1,050,000

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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494 PRESIDENT Street #3, Gowanus, Kings County • Near NEVINS STREET and 3 AVENUE

Virtual Tour

Building Information

Official NYC property records for this building

1
Floors
3
Residential Units
M1-4/R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $164,760
Land Value: $5,820
Exemptions: $6,960

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

Lot Area: 1,900 SF
Building Area: 2,236 SF
Built FAR: 1.18
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 common charges are $215 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $960, or roughly $80 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 1 full bathroom.

The listed interior living area is 700 square feet. Verify dimensions independently during due diligence.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with the listing broker.

At the current list price of $1,050,000 for 700 sq ft, the asking price per square foot is approximately $1,500. 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: RLS10815733
First Listed: 9/7/2022
Price Changed: 9/7/2022
Closed: 12/20/2022
Contract Date: 9/7/2022

Listing Courtesy of Douglas Elliman Real Estate - Peter Becker

Listing Contact: (718) 916-2802

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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