501 President Street, Brooklyn
Two-family · built c. 1920 · Block 440, Lot 46.
Building permits
- Alteration, filed Oct 21, 2024, estimated cost $41K, described as “Install solar PV system on the existing rooftop. No changes to use, egress or occupancy.”
- Alteration, filed Nov 6, 2023, estimated cost $5K, described as “Installation of 300PSF sidewalk shed and pipe scaffolding as per plans. All equipment shall comply with chapter # 33 of the NYC code 2022. No use in egress or occupancy under this application.”
- Alteration, filed Jul 11, 2023, estimated cost $4K, described as “Install temporary wood construction fence. No change to egress, occupancy or use.”
- Alteration, filed Jan 18, 2023, estimated cost $100K, described as “Filing Foundation application in conjunction with alt-1 enlargement application job no. B00791856-I1.”
- Alteration, filed Oct 12, 2022, estimated cost $459K, described as “Horizontal, vertical extension renovation of existing three family building. New terrace on the 3RD floor , 4TH floor and roof. New mechanical systen with new plumbing work on cellar, 1ST, 2ND, 3RD and 4TH floor. To be filed under separate…”
Property taxes
- Assessment
- $102,300
- 2026–27 tax
- $6,993
- Market value (city estimate)
- $1,705,000
- Taxable value
- $50,408
- Assessed land
- $24,540
- Assessed improvements
- $77,760
Tax breaks
- Solar abatement, through Jun 30, 2029, a $3,009 credit this tax year.
Zoning
M1-4/R6B (part of the lot is M1-4/R6A): floor area ratio 1.99 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Aug 25, 2016: $1,500,000
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
Remodeling and Expansion Project Nears Completion at 501 President Street in Gowanus, Brooklyn, New York YIMBY, Mar 11, 2025.