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  • Price cut: $160K (5/13)
    $3,690,000

    502 President St, Brooklyn, NY 11215

    5beds
    3,800sqft
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    Multi Family
    Built in 1910
    -- sqft lot
    $3,656,200 Zestimate®
    $971/sqft
    $-- HOA

    What's special

    Wide-plank white oak floorsOversized deckExceptional outdoor spaceDedicated laundry roomMulti-zone hvacBeverage refrigeratorIntegrated sonos audio
    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.
    98 days
    |
    916
    |
    39
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Corcoran 718-685-9430,

    Marvin Chu,

    Christopher Cavorti

    Source: StreetEasy,MLS#: S1820011

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 3
      • 1/2 bathrooms: 2
      Rooms
      • Room types: Media Room
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Washer/Dryer
      • Laundry: Inside
      Features
      • Flooring: Hardwood
      • Has fireplace: Yes
      • Fireplace features: Gas
      Interior area
      • Total structure area: 3,800
      • Total interior livable area: 3,800 sqft

      Property

      Features
      • Patio & porch: Other
      • Exterior features: Garden
      • Has view: Yes
      • View description: City, Garden
      Details
      • Parcel number: 004470024
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1910

      Community & HOA

      Community
      • Subdivision: Gowanus
      HOA
      • Has HOA: Yes
      • Amenities included: Laundry
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $971/sqft
      • Tax assessed value: $3,649,000
      • Annual tax amount: $13,752
      • Date on market: 4/6/2026

        Estimated market value

        $3,656,200

        $3.47M - $3.84M

        $7,533/mo

        Price history

        DateEventPrice
        5/13/2026Price change$3,690,000-4.2%$971/sqft
        Source: StreetEasy #S1820011 Report a problem
        4/6/2026Listed for sale$3,850,000+102.6%$1,013/sqft
        Source: StreetEasy #S1820011 Report a problem
        11/14/2018Sold$1,900,000-13.6%$500/sqft
        Source: Public Record Report a problem
        7/10/2018Listing removed$2,199,000$579/sqft
        Source: Brooklyn - WEICHERT, REALTORS - The Franzese Group #416996 Report a problem
        3/1/2018Price change$2,199,000-26.7%$579/sqft
        Source: Weichert Properties #74384383 Report a problem
        1/9/2018Listed for sale$2,999,000+99.9%$789/sqft
        Source: Brooklyn - WEICHERT, REALTORS - The Franzese Group #416996 Report a problem
        4/20/2017Sold$1,500,000-16.6%$395/sqft
        Source: Public Record Report a problem
        12/18/2015Listing removed$1,799,000$473/sqft
        Source: Brooklyn - WEICHERT, REALTORS - The Franzese Group #H63-VB-502PRESIDENTST Report a problem
        7/17/2015Listed for sale$1,799,000$473/sqft
        Source: Brooklyn - WEICHERT, REALTORS - The Franzese Group #H63-VB-502PRESIDENTST Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$13,759 +1.9%$218,940 -9.9%
        2024$13,496 $242,880 +10.9%
        2023-- $218,940 +19.6%
        2022-- $183,000 +10.6%
        2021-- $165,480 +23.6%
        2020$6,749 +5.9%$133,920
        2019$6,371 +6.2%$133,920 +367.2%
        2018$5,996 +7.1%$28,663 +4.3%
        2017$5,600 +5.4%$27,469 +3.4%
        2016$5,312 $26,572
        2015$5,312 +82.8%$26,572 +5.9%
        2014$2,906 $25,081 +5%
        2013-- $23,886 +4.3%
        2012-- $22,891 +3.4%
        2011-- $22,144
        2010-- $22,144 +5.9%
        2009-- $20,901 +5%
        2008-- $19,905 +4.3%
        2007-- $19,076 +3.4%
        2006-- $18,454
        2005-- $18,454 +5.9%
        2004-- $17,418 +5%
        2003-- $16,588 +4.3%
        2002-- $15,897 +3.4%
        2001-- $15,379
        2000-- $15,379
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Gowanus

        Getting around

        98 / 100
        Walker's Paradise
        94 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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