507 President St Apt 3R, Brooklyn, NY 11215

Elegantly renovated, with incredibly low monthlies, this beautiful floor-through has Northern and Southern exposures designed to maximize the day-long natural light. Every inch of the apartment has been thoughtfully upgraded. Sophisticated recessed lighting added throughout, along with new oak floors finished with tung oil. Currently, the apartment is configured as one inviting, open space but simply adding a wall can easily transform it back to a true 1-bedroom, if desired. The open chef's kitchen features a Bertazzoni stove and hood, 2 under-the-counter Summit fridges and freezers, and a Miele washer. The long quartz countertop provides an elegant look with maximum durability, and ensures there's plenty of work space, along with abundant cabinets for storage. In addition to the plentiful storage space within, including custom storage added during the renovation, the residence comes with private storage in the basement. 507-509 President Street is an eight-unit, self-managed co-op building. Owners share a fantastic back garden complete with a dining table and grill, perfect for outdoor gatherings. In addition to a generous storage area in the basement, there's a common bike storage and an exercise area. The co-op's HDFC regulatory agreement has expired, but the board has maintained high income caps on purchases to ensure valuable DAMP tax benefits and keep the common charges low. The co-op allows co-purchasing, parents buying for children, and pied-a-terres. Pets are welcome with board approval. This co-op has a flip tax paid by the seller of 5% if sold after less than 3 years of ownership, 2% if sold after 3-5 years of ownership, and no flip tax after more than 5 years of ownership.

Property Features