507 President Street

507 President Street is a Co-op located in Gowanus, Brooklyn. The building was first built in 1900 and is 124 years old. It was first renovated and altered in 1958. The lot that the building was built on is 70 feet wide and 100 feet long. The official lot area is listed as 7,000 square feet. The building itself is 25 feet wide and 60 feet long. In total, 507 President Street has a total floor area of 6,480 square feet. Of that, 6,480 square feet are used for residential purposes. There are a total of 8 units. Of those, 8 are residential units. 507 President Street has a total of 4 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 14 closings on record, of which we have matching data for 3 listings. In the past 3 years, a listing in this building will typically remain on the market for about 117 days The transaction that took the longest to complete was unit 3L, listed on Jul 05, 2020 for $475,000. This particular unit ultimately sold 121 days later for $455,000. The most recent transaction was for unit 2R, which was first advertised on Mar 10, 2022, sold for $680,000 on Jun 13, 2022. Fun fact, the oldest transaction we have on record took place on Oct 30, 1975. See the full transaction history for 507 President Street below.

Gowanus, where 507 President Street is located, has a median asking price of $853,500 for co-op buildings. Meanwhile, the building itself has a median asking price of $600,500. For interested buyers, that means the building's median asking price is around 0.30% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $699,000. It is a 1-bedroom and 1-bathroom unit.