Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $680,000

· Sold at asking price · Closed June 13, 2022

SOLD: 507 PRESIDENT Street #2-R
SOLD $680,000
Sold Co-op

$680,000

507 PRESIDENT Street #2-R

Gowanus, Brooklyn

MLS® #RLS10868219

RLS at REBNY

Listing by CORE Group Marketing, LLC

1

Bedroom

1

Bath

N/A

Sq. Ft.

1900

Year Built

Sale Details

Sale Price $680,000
Original List Price $680,000
Close Date June 13, 2022
vs. Asking Sold at asking price

Property Summary

Bedrooms 1
Bathrooms 1
Year Built 1900
Ownership Co-op
Maintenance $475/mo
Neighborhood Gowanus
Floor 2 of 4

Description

Own this wonderful home, for the price of renting in dynamic Gowanus, Brooklyn. Move right into this recently renovated, floor-through one bedroom - with bonus windowed office, in-unit washer/dryer, dishwasher, storage, and more. Just one flight up, 2R is packed with natural light, hardwood floors, and all the conveniences of modern living. The north-facing, windowed open kitchen overlooks the co-op's leafy common garden and features Caesarstone countertops, marble backsplash, plentiful storage, and stainless-steel appliances, including a Bosch dishwasher and in-unit washer/dryer. The breakfast bar opens onto the living/dining space with wall-through AC, and the windowed bathroom's spacious shower has a nook for every need. The sun-filled king-size bedroom faces south onto a quiet, single-block street on President. A spacious, windowed bonus room offers the luxury of flexibility; currently used as a nursery, it could instead provide a work-from-home refuge to any professional. 507-509 President Street is an eight-unit, self-managed co-op building, where owners share a large back garden with a dining table and grill. The cellar provides each owner a generous storage area, common bike storage, and a workout space equipped with weights. Despite the low maintenance of $475/month, the co-op is imminently renovating the common hallways, and continuing a multi-staged roof deck project, without incurring additional assessments. Gowanus is surrounded by the best of Brooklyn and strikes a unique vibe that blends an industrial past with burgeoning business and development. Proximal to BAM, Brooklyn Public Library, Brooklyn Museum, Barclay's Center, Grand Army Plaza, and Prospect Park, it packs its own crop of performance venues, restaurants, shops, bars, parks, and cafes. 507 President is next door to a community garden (Dolly's Park), three blocks from Whole Foods' Brooklyn flagship, and blocks from celebrated local spots such as Kick Axe, Brooklyn Boulders, Royal Palms, Ample Hills, and Lavender Lake. It's one block from the R train at Union and one stop from Atlantic Barclays' B/D/N/Q/R/2/3/4/5 trains. The co-op's HDFC regulatory agreement has expired, but the board maintains income caps on purchases in order to maintain valuable DAMP tax benefits which keep common charges low. Income limits apply as follows: Persons or families with 0-2 dependents: $288,360 with 3-more dependents: $366,420 All showings are by appointment only. Please contact the seller's agent to schedule.

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Year Built 1900

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RLS at REBNY

Listing courtesy of Danielle Berger at CORE Group Marketing, LLC. 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. This 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.

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