# 501 President Street, Brooklyn

Two-family · built c. 1920 · Block 440, Lot 46.

On Umarelli: https://umarelli.org/nyc/3004400046/501-president-street

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

## 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.

## Recent sales

- Aug 25, 2016: $1,500,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## 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](https://newyorkyimby.com/2025/03/remodeling-and-expansion-project-nears-completion-at-501-president-street-in-gowanus-brooklyn.html), New York YIMBY, Mar 11, 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