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507 President St. 2-R, Brooklyn, NY 11215

Listing Details:
$680,000 Price
Co-op Property Type
Gowanus Neighborhood
1 Beds
1 Baths
-- Approx. Sq. Ft.
$475 Maint/CC

Upcoming Open Houses

Key Features:
Unit Garden
Unit Laundry

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.

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