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507 President Street, #3R

Listing no longer available on CityRealty as of Dec 21, 2023
It previously was on the market for a total of 56 days.
Last Sold on Feb 11, 2020 for $475,000
1 bed, 1 bath
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1 apartment is currently available in this building.
56 days on Market

Pricing History

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Key Details

  • Listed: Oct 26, 2023
    Days on Market: 56
    Building Type: Cooperative
    Neighborhood: Gowanus (Brooklyn)
    Listing viewed 145 times
Monthly Maintenance: $475
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $4,464
Note: the above is based on a down payment of 20% ($149,000), which is the minimum amount permitted by the building.

Description

Elegantly renovated, with compellingly low monthlies, this beautifully renovated floor-through has Northern and Southern exposures designed to maximize the day-long natural light. The north exposure treats you to a tranquil view of the co-op’s leafy common garden, while the south exposure has tree top views and overlooks a quiet, single-block street. Every inch of the apartment has been thoughtfully upgraded. Sophisticated recessed lighting added throughout, along with new oak floors finished with tung oil. The open chef’s kitchen features a Bertazzoni stove and hood, 2 under-the-counter Summit fridges and freezers, and a Miele washer.

The long quartz countertop ensures there’s plenty of work space, along with abundant cabinets for storage. Currently, the apartment is configured as one inviting, open space - but simply by adding a wall, you can easily transform it to a true 1-bedroom with room for a king size bed and an additional space that can be used as a home office, guest room, or nursery. In addition to the plentiful storage space within, the residence comes with a private storage in the basement. 507-509 President Street is an eight-unit, self-managed co-op building.

Owners share a fantastic back garden complete with a dining table and grill, perfect for outdoor gatherings. In addition to a generous storage area in the basement, there’s a common bike storage and an exercise area. The co-op’s HDFC regulatory agreement has expired, but the board has maintained high income caps on purchases to ensure valuable DAMP tax benefits and keep the common charges low.

The co-op allows co-purchasing, parents buying for children and pied-a-terres. Living in Gowanus offers performance venues, restaurants, shops, bars, parks, and cafes. 507-509 President Street is located right next to Dolly’s Park, a delightful community garden, and just three blocks from the flagship Whole Foods in Brooklyn. BAM, Brooklyn Public Library, Brooklyn Museum, Barclay’s Center, Grand Army Plaza, and Prospect Park are also moments away.

Transportation is a breeze with the R train just one block away at Union, and one stop from Atlantic Barclays, where you can access B/D/N/Q/R/2/3/4/5 trains. *This co-op has a flip tax paid by the seller of 5% if sold after less than 3 years of ownership, 2% if sold after 3-5 years of ownership, and no flip tax after more than 5 years of ownership.

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Apartment Amenities

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About 507 President Street

Building Amenities

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Other Apartments Available in this Building (1)

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