Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,285,000

· Closed January 23, 2025

500 4TH Avenue #5L
Closed For Sale Condo

$1,285,000

$1,210 per sq ft

500 4TH Avenue #5L

Gowanus, Brooklyn

MLS® #RLS11011725

RLS at REBNY

Listing by Douglas Elliman Real Estate

2

Bedrooms

2

Baths

1,062

Sq. Ft.

2010

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,062 sq ft
Year Built 2010
Ownership Condo
HOA/Common Charges $1,285/mo
Property Taxes Contact for details
Neighborhood Gowanus
Floor 5 of 12

Property Highlights

  • Views: City Lights, City, Panoramic
  • Exposure: West facing
  • Outdoor Space: None, Balcony

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 5 of 12
View City Lights, City, Panoramic
Exposure West
Cooling Central Air
Pets Yes
Year Built 2010
Living Area 1,062 sq ft
Structure Type HighRise
Basement Other
Parcel # 01027-1062
Block/Lot 01027/1062

Listing History

Event Date Price Change
Listed Sep 25, 2024 $1,295,000 -
Currently May 1, 2026 $1,285,000 -0.8%

Description

With private OUTDOOR SPACE + VIEWS + LIGHT, you'll be happy to spend time at home in a residence like 5L at 500 Fourth Avenue! Imagine waking up each morning to blue sky and city views for miles from this corner unit two bedroom two bath stunner located in one of Park Slope's few full service buildings.

This home has been well maintained and it shows from the moment you enter the home and see the sleek kitchen with full Viking appliance package, built in wine cooler and gorgeous honed Calacatta marble counter. The oversized breakfast bar easily fits multiple stools plus there's space for a dining table in the expansive, open living area. There's even a convenient pantry closet to store all of your extra gadgets for perfecting your home culinary skills! The living area is open and breezy with full glass french doors leading to the balcony, bringing the outside in. Imagine relaxing on your couch each evening while taking in the twinkling lights of the full city view or sipping tea on a crisp fall morning watching the sun rise over the city skyline from your balcony.

Back inside, the bedrooms are split off the living area creating privacy within the home. With the largest owner's suite in the building, there's so much space for every possible use including king sized bedroom furnishings, plus room for a home office, or how about that piano you always dreamed of? Home studio space for an artist? Anything you desire and did I mention the amazing light from two exposures? In addition there's deep twin closets allowing for maximum storage space plus en suite bath that's an escape on it's own through an efficient pocket door with double sink, glass enclosed shower, separate deep soaking tub and warm Lagos limestone floor to ceiling tiles and Gaudi marble floors.

Way on the other side of the home you find the second bedroom with amazing views, a surprisingly wide closet, adjacent full bath with floor to ceiling marble tiles and another deep soak tub, plus a separate utility closet housing the washer/dryer plus even more storage space. Rounding out the home are hardwood floors throughout and central AC for those hot summer months.

500 Fourth Avenue is one of the most coveted buildings in the area with amenities including a 24-hour doorman; full time super and porter; attended on-site parking for lease; a large and well-appointed fitness center; sunny children's playroom; lounge w/ home-theater, kitchenette, and billiards all leading to a 2500+ SF landscaped common sundeck. Located just 2 blocks from F, R and G train lines and steps to all the world class landmarks, second-to-none shopping and restaurants that both Park Slope and Gowanus are known for. Easy stroll to Prospect Park.

Features & Amenities

Interior Features

Building Other Washer Hookup In Unit

Exterior Features

Balcony Building Roof Deck None Balcony

Building Amenities

Concierge Elevators Screening Room

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 156
Stories 12
Structure HighRise

Financial Details

Common Charges $1,285/mo
RE Taxes Contact for details
Original Price $1,295,000
Sale Price $1,285,000
Previous Price $1,295,000

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, 5:30 AM EST

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Location

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500 4TH Avenue #5L, Gowanus, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2010
Year Built
16 years old
12
Floors
156
Residential Units
C4-4D
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $14,683,498
Land Value: $1,984,954
Exemptions: $0

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

Lot Area: 20,200 SF
Building Area: 158,063 SF
Built FAR: 7.82
Allowed FAR: 6.02

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 $1,285 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,062 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2010, making it approximately 16 years old.

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

Pets are permitted at this property: no vicious breeds,Building Pets Allowed Comments:no vicious breeds. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,285,000 for 1,062 sq ft, the asking price per square foot is approximately $1,210. 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: RLS11011725
First Listed: 9/25/2024
On Market: 9/25/2024
Price Changed: 1/28/2025
Closed: 1/23/2025
Contract Date: 9/20/2024

Listing Courtesy of Douglas Elliman Real Estate - Karen Smith

Listing Contact: (917) 217-3203

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 9:30 AM UTC

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