# 499 President Street, Brooklyn

Apartment building · 350 units · built 2023 · Block 440, Lot 1.

On Umarelli: https://umarelli.org/nyc/3004400001/499-president-street

More construction in Gowanus: https://umarelli.org/nyc/brooklyn/gowanus.md

## 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: https://umarelli.org/nyc/3004400001/499-president-street.

## 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.

## 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.

## Flood zone

Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.

## 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](https://newyorkyimby.com/2025/05/499-president-street-finishes-construction-in-gowanus-brooklyn.html), New York YIMBY, May 30, 2025.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology