Updated 16 days ago
In contract

502 President Street

Gowanus, Brooklyn | Nevins Street & 3rd Ave

14 Rooms5 Beds3 Baths2,600 Square FeetMulti-Family

$3,690,000
floors / apts3 / 2
Lot Size25'x100'
Built Size25'x35'
ZoneM1-4/R
Building TypeTownhouse
RE Taxes$13,752
Price Per SF
$1,419

Building Amenities

  • Garden
  • Laundry Room

Property Description for 502 President Street

Presenting 502 President Street, a fully gut-renovated two-family townhouse on a coveted 25' x 100' lot in the heart of Gowanus. Rare in both scale and configuration, this turnkey residence delivers an owner's triplex of exceptional finish paired with a fully independent income-producing rental, offering the discerning buyer a live-in luxury lifestyle that pays for itself. Whether held as a primary home with rental offset or positioned as a premium investment, the income potential here is immediate and substantial. The top-floor unit comes fully equipped and ready to command a top-market lease from day one.

Thoughtfully designed and move-in ready, the home offers a seamless blend of scale, comfort, and long-term versatility. Wide-plank white oak floors run throughout, complemented by custom millwork including a built-in bookcase and dedicated workspace. An Ortal fireplace anchors the main living area, creating a warm and inviting focal point.

The kitchen is equally suited to everyday living and entertaining, featuring a JennAir appliance suite, wine storage, and a beverage refrigerator. Integrated Sonos audio and multi-zone HVAC provide modern convenience throughout. Just beyond, an oversized deck leads to a landscaped garden finished with bluestone pavers and all-season turf, offering an easy indoor-outdoor lifestyle.

Upstairs, the primary suite is quietly luxurious, with a Victoria + Albert soaking tub and Rohl fixtures creating a spa-like bath. The lower level offers full ceiling height and flexible space for recreation, work, or guests, along with a dedicated laundry room and direct access to the garden.

The top-floor rental, with its own private entrance, is fully equipped with Fisher & Paykel and KitchenAid appliances and in-unit laundry, providing strong rental income or flexibility for extended living arrangements.

Ideally situated near Park Slope, Boerum Hill, Carroll Gardens, and Cobble Hill, 502 President Street offers a rare opportunity to own a turnkey townhouse with exceptional outdoor space and enduring investment value. The ongoing Gowanus revitalization plan, one of the most significant rezoning efforts in Brooklyn in decades, positions the neighborhood for continued growth in both property values and rental demand, making this a lucrative and sustainable long-term investment.

Listing History for 502 President Street

Now
07/25/2026
Contract Signed by Marvin Chu
Corcoran
05/13/2026
$3,690,000 [-$160,000] [4.2%]
Price Drop by Marvin Chu
Corcoran

Building Details for 502 President Street

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Union St
0.19 miles
Carroll St
0.47 miles
4 Av-9 St
0.49 miles

Citi Bike

3 Ave & Carroll St
0.06 miles
Degraw St & 3 Ave
0.17 miles

Contact Agents

Contact Agents

Licensed As
Marvin Chu
Salesperson
License#:
10301209550
Company:
Corcoran
Licensed As
Katy Kong
Salesperson
License#:
10401318672
Company:
Corcoran
View this property on the company's website

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: 73662TH