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507 President Street #3R
Coop in Gowanus •  building info
1bd • 1ba
List Price

$699,000

Key Details
Days on market
30
Last price change
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Estimated payment
$4,010
Monthly taxes
N/A
Monthly maintenance
$475
Description
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 chefs kitchen features a Bertazzoni stove and hood, 2 under-the-counter Summit fridges and freezers, and a Miele washer. The long quartz countertop provides an elegant look with maximum durability, and ensures theres plenty of work space, along with abundant cabinets for storage. In addition to the plentiful storage space within, including custom storage added during the renovation, the residence comes with 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, theres a common bike storage and an exercise area. The co-ops 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. Pets are welcome with board approval. *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.

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Important Stuff
Pets allowed
Washer/Dryer in unit
Listing Amenities
Hardwood floors
Garden View
Building Amenities
Bike Room
Fios Available
Storage Available
Outdoor Space
Courtyard
Roof Deck
History
What it'll cost
Purchase price
$699,000
Asking Price: $699,000
Term
30 Years
Down Payment
$139,000 (20%)
Min: 20% (139,000)
Rate
6.5 %
Mortgage Amount
$559,200
Mortgage Payment
$3,535
Maintenance
$475
Estimated closing cost
$7,000
Total monthly cost $4,010
Listing Courtesy of Compass

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