Updated 2 days ago
In contract
Gowanus, Brooklyn | Nevins Street & 3rd Ave
4 Rooms1 Bed1 BathCo-op

$680,000
Maintenance$475

Listing Features

  • Abundant Closets
  • Entry Foyer
  • Floor-Through
  • High Ceilings
  • Home Office
  • Separate Dining Area
  • Washer / Dryer
  • Dishwasher
  • Open Kitchen
  • S Steel Appliances
  • Windowed Kitchen
  • Stall Shower

Outdoor space and views

  • North Exposure
  • South Exposure

Building Amenities

  • Voice Intercom
  • Storage

Policies

  • Pets Allowed

Property Description

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.

Listing History

Now
03/31/2022
Contract Signed by Danielle Berger
CORE
03/10/2022
$680,000
Initial Price by Danielle Berger
CORE

Building Details

OwnershipCo-op
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Financing Allowed90%
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

Union St
0.17 miles
Carroll St
0.49 miles

Citi Bike

3 Ave & Carroll St
0.07 miles
Union St & Nevins St
0.1 miles

Building Availability

APPSF
Median
Average
-
$680,000
$680,000

One Bed in Gowanus

APPSF
Median
Average
-
$899,000
$899,000
$1,153
$747,500
$828,500
2
25
0

Gowanus | Brooklyn

Quick Profile

Gowanus is a colorful neighborhood with an industrial aesthetic, tree-lined streets, historic structures, as well as luxury condos and rental buildings. It has a great art scene, fantastic eateries and bars and a 1.8-mile canal that snakes through most of the neighborhood. The variety of elements make it a desirable place to live.  

The neighborhood is on the crest of a major change due to a recently passed rezoning plan that will allow more residential construction. Especially around the Gowanus Canal where construction was once prohibited. The plan will bring new jobs, affordable housing, and create a neighborhood with walkable green spaces and amenities. It’s safe to say that change is coming to Gowanus.  

Gowanus is bounded by Hoyt Street to the west, 4th Avenue to the east, Warren Street, Baltic Street and Wycoff Street to the north, and Gowanus Expressway to the south.

The neighborhood is named after Gouwane, a chief in the Canarsie Indian tribe. His name, according to the history books, translates to “the sleeper.” Other historic accounts say that the Gowanus name comes from the Dutch word gouwee, which translates to the word bay. Based on early New York History surrounding Dutch settlers and native tribes, both accounts seem plausible. 

Gowanus began development as far back as the 1630s when the Dutch arrived. They began building farms and soon realized the marshy lands they settled were not the best for growing crops and farming. They began damming up certain areas of the land with hopes of creating better soil and powering their windmills. This was the beginning of the formation of the Gowanus canal.

The natural estuary was once brimming with oysters and fish. But in the 1800s, the canal was turned into an industrial and transportation waterway. In the mid 1900’s, industrial factories like manufactured gas plants, paper mills, and other businesses opened along the canal and casually polluted the water. It’s cleanup efforts have come a long way but there is still much work to be done. 

The newly approved Gowanus rezoning plan has caused lots of buzz this year. Mayor Bill DeBlasio's plan will rezone 82 blocks which will pave the way for an estimated 8,500 new apartments, 3,000 of which would be offered to low and moderate-income New Yorkers. The plan includes major improvements to the local infrastructure. Although the rezoning plan might not create a housing boom today or tomorrow, proponents say the rezoning sets the stage for major growth in Gowanus in the decades to come.

The F, G, D, N, R, and W subway lines service the Gowanus neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1537574