499 President Street, Brooklyn
Apartment building · 350 units · built 2023 · Block 440, Lot 1.
Building permits
- Alteration, filed Jul 16, 2026, estimated cost $500K, described as “First floor retail tenant renovation for new food store within existing demised tenant space 'e' . Install new interior partitions, ceilings, flooring, and millwork. No change to use, egress or occupancy.”
- Alteration, filed Jun 3, 2026, estimated cost $1K, described as “Installation of construction fence in order to replace storefront at first floor.”
- Alteration, filed Sep 27, 2025, estimated cost $69K, described as “Proposed eating and drinking establishment within an approved commercial space, Use Group 6A, Occupancy Class B. No change to Use Group, Occupancy Class, nor Occupant Load.”
- Alteration, filed Aug 21, 2025, estimated cost $3K, described as “Erect illuminated wall sign and illuminated d/f blade sign. Signs are accessory to Spear”
- Alteration, filed Jun 25, 2025, estimated cost $51K, described as “Modification of ductwork and installation of ac units.”
- Alteration, filed Jun 25, 2025, estimated cost $33K, described as “Modification and installation of sprinkler heads and related piping.”
- Alteration, filed Jun 25, 2025, estimated cost $28K, described as “Installation of plumbing fixtures and related piping.”
- Alteration, filed Jun 11, 2025, estimated cost $250K, described as “Removal and installation of interior partitions, ceilings and flooring. No change in use, egress or occupancy.”
- Alteration, filed Nov 22, 2024, estimated cost $1K, described as “Temporary use permit application for leasing office and model apartment pursuant to 28-111 and building bulletin 2010-002 option b. Application filed in conjunction with new building 321598400”
- Alteration, filed Jul 16, 2024, estimated cost $3K, described as “Installation of a temporary construction fence per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jan 8, 2024, estimated cost $5K, described as “Herewith filing a temporary construction office in conjunction with NB # 321598400. No change in use, occupancy or egress.”
- Alteration, filed Nov 27, 2023, estimated cost $1K, described as “Installation and use of temporary platform as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Aug 10, 2023, estimated cost $19K, described as “Installation of a temporary roof protection and overhead protection per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application”
- Alteration, filed Jul 31, 2023, estimated cost $30K, described as “Installation of a temporarily heavy-duty sidewalk per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed May 15, 2023, estimated cost $1K, described as “Easy Scale Multipoint Scaffold Installation as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Apr 28, 2023, estimated cost $20K, described as “Installation of dual 8000# capacity personnel/material hoists during NB filed sep. Hoists shall comply with the 2022 bldg codes, ch #33. No change in use, occupancy or egress under this application. Elev appl submitted to elev dept under…”
- Alteration, filed Mar 7, 2023, estimated cost $27K, described as “Installation of a temporary construction fence per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jan 24, 2023, described as “Installation of new curb-cut in conjunction with NB 321598400 & BPP # 340837429”
- Alteration, filed Jun 15, 2022, described as “HPD NB already assigned to HUB. Please assign to HUB plan examiner. Herewith filing structural in conjunction with the NB application # 321598400”
- Alteration, filed Jun 8, 2022, estimated cost $1K, described as “Installation of new automatic combined class 1 standpipe and sprinkler system in conjunction with NB #321598400”
- Alteration, filed Feb 23, 2022, estimated cost $1K, described as “Herewith filing sitework: Test piles including grading and backfill in conjunction with NB # 321598400 and SOE B00595766. No change in use occupancy or egress”
- Alteration, filed Feb 18, 2022, estimated cost $1K, described as “Installation of temporary dry pressurized standpipe with hose valve station at each floor for the construction phases of new 10 story building filed in conjunction with NB #321598400”
- Alteration, filed Feb 17, 2022, estimated cost $1K, described as “HPD NB already assigned to HUB. Please assign to HUB plan examiner. Herewith filing underground plumbing in conjunction with the NB application # 321598400”
- Alteration, filed Dec 23, 2021, estimated cost $1K, described as “Herewith filing PAA to updated the drawings and the mechanical equipment information as per the AI-1”
- Alteration, filed Dec 20, 2021, estimated cost $1K, described as “Herewith filing SOE in conjunction with NB # 321598400”
18 more, older permits are in this building’s full list on the map.
Property taxes
- Assessment
- $40,147,650
- 2026–27 tax
- $229,686
- Market value (city estimate)
- $89,217,000
- Taxable value
- $1,846,500
- Assessed land
- $1,489,950
- Assessed improvements
- $38,657,700
Tax breaks
- 421-a exemption, through Jun 30, 2061, about $4,764,280 a year below the full tax.
Zoning
M1-4/R6A (part of the lot is M1-4/R7A): floor area ratio 6.47 built, above the 3.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.
Recent sales
- Apr 28, 2023: $75,969,073, sold with other lots
- Sep 5, 2019: $44,100,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Gowanus Neighborhood Plan (City Planning 2018K0382): Zoning map change, Zoning text change, City map change, Urban development action area, Completed, decided Dec 6, 2021. The Gowanus Neighborhood Plan is a shared, long-term vision for a thriving neighborhood. It looks to identify strategies for an equitable, resilient and sustainable Gowanus, with more local jobs and housing. The Plan supports community…
In the news
499 President Street Finishes Construction in Gowanus, Brooklyn, New York YIMBY, May 30, 2025.