by RH Advisors

See Home Value
$745,000
Co-op - Off Market

507 President Street #3R

Brooklyn, NY 11215
bedrooms
1 Bed
bathrooms
1 Bath
$4,134
Estimated Monthly
$475
HOA / Fees
5.88%
Cap Rate

About This Property

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.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Co-op
Property Taxes
-
HOA Dues
$475
Year Built
1900
Last updated: 5 months ago (RLS #COMP-1348710242703832793)

Price History

Date / Event Date Event Price
May 1, 2024 In contract -
In contract
Dec 28, 2023 Listed by Compass $699,000
Listed by Compass
Elegantly renovated, with incredibly low monthlies, this beautiful floor-through has Northern and Southern exposures designed to maximize the day-long natural light. Every inch of the apartment has been thoughtfully upgraded. Sophisticated recessed lighting added throughout, along with new oak floors finished with tung oil. Currently, the apartment is configured as one inviting, open space – but simply adding a wall can easily transform it back to a true 1-bedroom, if desired. The open…
Jul 5, 2023 Sold $475,000
Sold
Feb 13, 2020 No longer available -
No longer available
Jul 17, 2019 In contract -
In contract
Show More

Property Highlights

Interior Details

Bedroom Information

Bedrooms: 1

Bathroom Information

Full Bathrooms: 1

Interior Information

Interior Features: Recessed Lighting
Appliances: Stainless Steel Appliances, Washer
Flooring Type: Hardwood

Room Information

Laundry Features: Building Washer Dryer Install Allowed
Rooms: 4
Exterior Details

Property Information

Year Built: 1900

Lot Information

Lot Size Dimensions: 70.000000x100.000000


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Co-op
1 Bed
2 Baths
-
$745,000 Apr 26, 2021
$745,000 Oct 12, 2021
$704/mo
Condo
1 Bed
2 Baths
-
$725,000 Apr 29, 2022
$725,000 Jun 21, 2022
$434/mo
Condo
1 Bed
2 Baths
-
$840,000 Mar 20, 2015
- Feb 5, 2021
$342/mo
Condo
1 Bed
2 Baths
-
$800,000 Sep 10, 2018
$800,000 Jan 29, 2019
$276/mo
Condo
1 Bed
2 Baths
-
$808,000 Sep 20, 2020
$808,000 Dec 18, 2020
$353/mo
Condo
1 Bed
1 Bath
781 ft²
$960/ft²
$750,000 Dec 29, 2015
- Feb 5, 2021
$467/mo
Co-op
1 Bed
1 Bath
-
$699,000 Dec 28, 2023
-
$475/mo
Co-op
1 Bed
1 Bath
-
$735,000 Mar 26, 2024
-
$781/mo
Co-op
1 Bed
1 Bath
-
$710,000 Oct 2, 2023
-
$1,698/mo
Condo
1 Bed
1 Bath
698 ft²
$1,075/ft²
$750,000 Oct 24, 2017
-
$1,161/mo
Co-op
1 Bed
1 Bath
-
$715,000 Apr 24, 2024
-
$1,188/mo
Co-op
1 Bed
1 Bath
-
$695,000 Apr 17, 2024
-
$1,162/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220310 Unit 2R
03/10/2022
2R
1 Bed
1 Bath
-
$680,000
bedrooms
1 Bed
bathrooms
1 Bath
$680,000
06/13/2022
Danielle Berger
CORE Group Marketing LLC
20200705 Unit 3L
07/05/2020
3L
1 Bed
1 Bath
-
$475,000
bedrooms
1 Bed
bathrooms
1 Bath
$455,000 -4.21%
11/03/2020
Christine Muldoon
R New York
20190417 Unit 3R
04/17/2019
3R
1 Bed
1 Bath
-
$500,000
bedrooms
1 Bed
bathrooms
1 Bath
$475,000 -5.00%
07/05/2023
-
Gulnara Yunussova
Compass
20180927 Unit 2R
09/27/2018
2R
2 Bed
1 Bath
-
$600,000
bedrooms
2 Bed
bathrooms
1 Bath
$600,500 +0.08%
01/22/2019
Sean Flaherty
Compass
20170730
07/30/2017
1 Bed
1 Bath
650 ft²
-
bedrooms
1 Bed
bathrooms
1 Bath
square feet
650 ft²
-
-
-
-
20170712 Unit L2
07/12/2017
L2
1 Bed
1 Bath
650 ft²
-
bedrooms
1 Bed
bathrooms
1 Bath
square feet
650 ft²
-
-
-
-

Building Info

507 President Street 507 President Street, Brooklyn, NY 11215
  • 8 Units
  • 1 Unit for Sale
More about this Building
507 President Street
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