$745,000
●
Co-op -
Off Market
507 President Street #3R
Brooklyn, NY 11215
1 Bed
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.
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
â 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
Location Details
Association Fee: $475
Association Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
1
Bed
1
Bath
781 ft²
$960/ft²
$750,000
Dec 29, 2015
-
Feb 5, 2021
$467/mo
In Contract
Condo
1
Bed
1
Bath
698 ft²
$1,075/ft²
$750,000
Oct 24, 2017
-
$1,161/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/10/2022
|
1 Bed
|
1 Bath
|
-
|
$680,000
1 Bed
1 Bath
|
$680,000
06/13/2022
|
Danielle Berger
CORE Group Marketing LLC
|
||
07/05/2020
|
1 Bed
|
1 Bath
|
-
|
$475,000
1 Bed
1 Bath
|
$455,000
-4.21%
11/03/2020
|
Christine Muldoon
R New York
|
||
04/17/2019
|
1 Bed
|
1 Bath
|
-
|
$500,000
1 Bed
1 Bath
|
$475,000
-5.00%
07/05/2023
|
-
|
Gulnara Yunussova
Compass
|
|
09/27/2018
|
2 Bed
|
1 Bath
|
-
|
$600,000
2 Bed
1 Bath
|
$600,500
+0.08%
01/22/2019
|
Sean Flaherty
Compass
|
||
07/30/2017
|
|
1 Bed
|
1 Bath
|
650 ft²
|
-
1 Bed
1 Bath
650 ft²
|
-
-
|
-
|
-
|
07/12/2017
|
1 Bed
|
1 Bath
|
650 ft²
|
-
1 Bed
1 Bath
650 ft²
|
-
-
|
-
|
-
|
Building Info
507 President Street
507 President Street, Brooklyn, NY 11215
- 8 Units
- 1 Unit for Sale