Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
478 President Street

For Sale · Listing by Compass

478 President Street

Gowanus, Brooklyn

$2,795,000

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Interested in this property?
Active For Sale • Multi Family

$2,795,000

$959 per sq ft

478 President Street

Gowanus, Brooklyn

MLS® #RLS20126304

RLS at REBNY

Listing by Compass

Open House Scheduled

Sunday, November 15 • 1:30 PM – 3:00 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

5
Bedrooms
3
Baths
2,915
Sq. Ft.
1899
Year Built

Quick Summary

Bedrooms 5
Bathrooms 3
Living Area 2,915 sq ft
Lot Size 2,000 sq ft
Year Built 1899
Ownership None
Property Taxes $4,920/yr
Neighborhood Gowanus
Floor 1 of 3

Property Highlights

  • Style: ContemporaryModern architecture
  • Climate Control: Wall Units
  • Character: Pre-war building (1899)

Property Details

Type Multi Family
Ownership None
Total Rooms 10
Baths 3 Full
Floor 1 of 3
Heating Baseboard, Natural Gas, Wall Furnace
Cooling Wall Units
Pets Yes
Year Built 1899
Living Area 2,915 sq ft
Architectural Style ContemporaryModern
Structure Type MultiFamily,Townhouse
Furnished Unfurnished
Lot Size 2,000 sq ft
Parcel # 00447-0012
Block/Lot 00447/0012

Listing History

Event Date Price Change
Listed Nov 11, 2026 $2,795,000 -
Currently Nov 11, 2026 $2,795,000 -

Description

At the heart of the Gowanus renaissance, just moments from the iconic Gowanus Waterway, 478 President Street offers a rare blend of character, income potential, and exceptional flexibility in one of Brooklyn's most sought-after residential neighborhoods. Configured as a three-story townhouse with over 2,900 square feet and a 20' × 40' footprint, the property is currently utilized as a two-family residence but can effortlessly accommodate single-family, two-family, or three-family living arrangements. The turnkey owner's duplex is thoughtfully designed for modern living, featuring an open-concept kitchen overlooking a beautifully expansive private garden and backyard retreat. A spacious dining area comfortably seats eight, while generous proportions throughout create an atmosphere of comfort and ease. Complementing the owner's residence is a fully independent two-bedroom rental apartment, offering substantial income potential. Equipped with PVAC climate-control systems in both units, the home combines practicality with comfort. Rarely does a property offer this level of versatility, location, and investment potential in such a rapidly appreciating Brooklyn neighborhood. Surrounded by celebrated restaurants, neighborhood conveniences, lush parks, and excellent transportation options, 478 President Street represents an outstanding opportunity to own in one of Brooklyn's most exciting residential markets.

Features & Amenities

Interior Features

Common On Floor In Unit See Remarks

Exterior Features

Private Outdoor Space Over60 Sqft

Building Information

Building Data View Compliance & Permits
Total Units 3
Stories 3
Structure MultiFamily,Townhouse
Style ContemporaryModern

Financial Details

RE Taxes $4,920/yr ($410/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

18

Median Asking Price

$1.60M

Median $/Sqft

$1,169

Avg Days on Market

N/A

New This Week

1

Price Reduced

22%

Sold (30 Days)

1

Median Sale Price

$995K

Live data from RLS at REBNY • Updated 11/11/26, 5:54 PM EST

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Location

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478 President Street, Gowanus, Kings County

Virtual Tour

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
3
Floors
3
Residential Units
M1-4/R6B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $149,040
Land Value: $24,540
Exemptions: $1,400

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

Lot Area: 2,000 SF
Building Area: 2,918 SF
Built FAR: 1.46
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 $0 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $4,920, or roughly $410 per month. Verify the current assessment with your attorney before closing.

This property has 5 bedrooms and 3 full bathrooms.

The listed interior living area is 2,915 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1899, making it approximately 127 years old.

This listing is None

Pet policy requires confirmation with Milton Coste.

At the current list price of $2,795,000 for 2,915 sq ft, the asking price per square foot is approximately $959. 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 [email protected]. 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: RLS20126304
First Listed: 11/11/2026
On Market: 11/11/2026
Price Changed: 11/11/2026
Contract Date: 11/6/2026

Listing Courtesy of Compass - Cynthia Acevedo

Listing Contact: (646) 623-1608

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.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 11/11/2026 at 10:54 PM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Gowanus Market Update

1 sale last 30 days · $1.60M median · 18 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Multi Family Neighborhood Gowanus Borough Brooklyn
County Kings
Floor 1 of 3
Year Built 1899
First Listed 11/11/2026
Style ContemporaryModern
Living Area 2,915 sqft
Annual Tax $4,920

Monthly Costs Estimate

Down Payment 20%

$559,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $410
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$34,938

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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