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PropertyDiSHi

499 President Street

Brooklyn · Parcel 3004400001
350
Residential units
2023
Year built
328,556 sq ft
Building area
3
Open violations
$40,147,650
Assessed value

What the numbers say

Generated from this property's own figures using the rules set out in our methodology. Every statement below refers to a number shown on this page.

Already larger than residential zoning would allow

The building occupies a floor-area ratio of 6.47, against a residential limit of 3.00 — it is over that limit by 3.47. A building in this position almost always predates the current rules and is legally non-conforming: it may generally remain, but it typically cannot be enlarged for residential use, and it may not be rebuildable as it stands.

A light open-violation load

Only 3 violations are currently open across 350 residential units, with $0.00 outstanding. For a building of this age that is a modest figure.

Last recorded sale

Recorded at $75,969,073 on 18 May 2023 — $217,054 per residential unit, $231 per built square foot, 1.89× the assessed value.

Assessed value trend

Assessed value has risen 9,857.3% across the 5 assessment years on record (2023 to 2027), standing at $40,147,650. Because tax is levied on the assessed figure rather than on market value, a sustained move here tends to show up in the bill.

Development & zoning

Floor-area ratio

Built6.47
Residential limit3.00
Commercial limit2.00
Community-facility limit3.00

Development headroom (calculated) calculated

Highest permitted ratio3.00
Unused ratio-3.47
Unused buildable area—
Lot area50,748 sq ft

Value & taxes

Assessment

Assessed total$40,147,650
Assessed land$1,489,950
Assessed building$38,657,700
Market value on record$89,217,000
Assessed as % of market45.0%

Tax

Tax class2
Taxable assessed$40,147,650
Tax rate12.502%
Estimated annual levy$5,019,259.20
Tax exemption (assessed value)421-a — $38,301,150 (through 2062)

The levy is an estimate — taxable value × the published rate for the class. It does not account for exemptions or abatements the property may carry, and will not match an actual bill. It is not the property's total debt to the city: unpaid tax and water arrears are not shown anywhere on this page.

Assessed value by year

YearAssessed valueChange
2027$40,147,650—
2026$11,493,000+249.3%
2025$4,409,100+160.7%
2024$1,489,990+195.9%
2023$403,200+269.5%

Building & occupancy

Structure

Year built2023
Floors9
Building area328,556 sq ft
Residential area298,183 sq ft
Commercial area30,373 sq ft

Occupancy

Total units351
Residential units350
Rent-stabilized350
Residential Avg unit size852 sq ft (calculated)
Commercial Avg unit size30,373 sq ft (calculated)
Building classD7

Neighborhood, risk & energy

Neighborhood & transit

Nearest subwayUnion St (R) — 0.22 mi
School district15
Police precinct78
Nearest firehouseEngine 239 — 395 4th Ave.

Location risk

Flood zoneModerate — 0.2% annual chance (Zone X)
Hurricane evacuation zoneZone 2
Environmental restrictionHazardous materials, air quality, noise
Cleanup siteEnvironmental cleanup site (completed)

Energy & emissions

Energy use intensity1.2 kBtu/ft²
Greenhouse-gas emissions44 metric tons/yr

Comparable sales

AddressSale datePriceSq ft$/sq ft
544-546 Union Street2025-06-27$5,000,0006,956$719
548-550 Union Street2025-06-27$4,000,0004,552$879
511 President Street2025-06-20$1,870,0003,240$577
507 President Street, 3r2024-06-28$699,000——
507 President Street, 3l2024-03-05$690,000——
548 Union St2024-02-28$4,000,0004,552$879
305-307 Nevins Street2023-04-28$4,350,0005,040$863
514 Union Street2023-04-28$75,969,07317,000$4,469

Record activity

Compliance calculated

Open violations3
Open per residential unit0.0 (calculated)
Enforcement penalties$0.00
Safety-violation penaltiesNot available
Total penalties owed$1,000.00 (calculated)
On tax-lien sale listNo

Activity

Complaints recorded131
Permits / alterations48
Recorded documents64
Legal proceedings0

Total penalties owed combines two separate debts — enforcement penalties (from summonses) and safety-violation penalties (unfiled inspections and reports on boilers, elevators, facades and energy use). The second kind accrues quietly and is routinely missed; it is a standing debt on the building, not a fine someone can walk away from. The safety figure could not be retrieved for this property, so no total is shown — we would rather show nothing than a total that silently omits it. Neither figure includes unpaid property tax or water and sewer arrears, which are frequently the largest number of all and appear nowhere on this page. For a true payoff figure, go to the city directly.

Ownership & last recorded sale

Owner of record

OwnerGowanus President Owner LLC
Parcel3004400001
Block440
Lot1
Mortgage on record$84,133,112 (2023) — Manufacturers And Traders Trust Company
Fixture liens5 active fixture liens

Last recorded transfer

Date18 May 2023
Recorded price$75,969,073
Price per unit$217,054
Price vs assessed1.89×

Owner of record comes from the public land-use record and may lag a recent sale. It is frequently a holding company rather than an individual. If you own or manage this property and believe something here is wrong, tell us — we read and respond to every message of that kind.

Open violations

Open violations only. A violation that was raised and later corrected is not counted — an older building accumulates hundreds of those, and the number says more about its age than its condition.

IssuedCategoryClassStatusAmount dueDescription
14 Nov 2025BuildingBoilerActive—VIOLATION ISSUED-FAILURE TO FILE 2024 EXTERNAL LOW PRESSURE INSPECTION
13 Nov 2025HousingANOT COMPLIED WITH—27-2104 ADM CODE POST AND MAINTAIN A PROPER SIGN ON WALL OF ENTRANCE STORY SHOWING THE REGISTRATION NUMBER ASSIGNED BY THE DEPARTMENT AND THE ADDRESS OF THE BUILDING. AT PUBLIC HALL, 1st STORY
13 Nov 2025HousingANOT COMPLIED WITH—329, M/D LAW AND DEPT. RULES AND REGS. PROVIDE A COMPLETED CERTIFICATE OF INSPECTION VISITS IN A PROPER FRAME AT OR NEAR MAILBOXES, BOTTOM EDGE OF FRAME BETWEEN 48-62 INCHES ABOVE FLOOR [ MISSING FRAME ] AT PUBLIC HALL, 1st STORY

Complaints

A complaint is an allegation, not a finding — many are dismissed. A sustained pattern is nevertheless informative about how a building is run.

DateProblemTypeStatusClosed
15 Jul 2026Catch Basin Clogged/Flooding (Use Comments) (SCSewerOpen—
14 Jul 2026Noise: Construction Before/After Hours (NM1NoiseClosed18 Jul 2026
28 Jun 2026TrashDirty ConditionClosed29 Jun 2026
15 Jun 2026Noise: Private Carting Noise (NQ1NoiseClosed23 Jun 2026
30 May 2026New BasketLitter Basket RequestClosed1 Jun 2026
25 May 2026Banging/PoundingNoise - ResidentialClosed25 May 2026
20 May 2026Inadequate SweepingStreet Sweeping ComplaintClosed21 May 2026
20 May 2026Posted Parking Sign ViolationIllegal ParkingClosed20 May 2026
12 May 2026Double Parked Blocking TrafficIllegal ParkingClosed12 May 2026
12 May 2026Double Parked Blocking TrafficIllegal ParkingClosed12 May 2026
30 Apr 2026Parking Permit Improper UseIllegal ParkingClosed30 Apr 2026
24 Apr 2026Parking Permit Improper UseIllegal ParkingClosed24 Apr 2026
14 Apr 2026Posted Parking Sign ViolationIllegal ParkingClosed14 Apr 2026
13 Apr 2026Loud TelevisionNoise - ResidentialClosed14 Apr 2026
13 Apr 2026Banging/PoundingNoise - ResidentialClosed13 Apr 2026
8 Apr 2026Banging/PoundingNoise - ResidentialClosed8 Apr 2026
7 Apr 2026Chemical Vapors/Gases/OdorsIndoor Air QualityClosed7 Apr 2026
2 Apr 2026Banging/PoundingNoise - ResidentialClosed2 Apr 2026
2 Apr 2026Chemical Vapors/Gases/OdorsIndoor Air QualityClosed2 Apr 2026
1 Apr 2026Banging/PoundingNoise - ResidentialClosed2 Apr 2026
1 Apr 2026Catch Basin Clogged/Flooding (Use Comments) (SCSewerClosed2 Apr 2026
26 Mar 2026Posted Parking Sign ViolationIllegal ParkingClosed26 Mar 2026
23 Mar 2026Loud Music/PartyNoise - ResidentialClosed24 Mar 2026
22 Mar 2026Banging/PoundingNoise - ResidentialClosed23 Mar 2026
20 Mar 2026New BasketLitter Basket RequestClosed21 Mar 2026
18 Mar 2026Banging/PoundingNoise - ResidentialClosed18 Mar 2026
17 Mar 2026Banging/PoundingNoise - ResidentialClosed18 Mar 2026
17 Mar 2026Banging/PoundingNoise - ResidentialClosed17 Mar 2026
14 Mar 2026Banging/PoundingNoise - ResidentialClosed14 Mar 2026
12 Mar 2026Banging/PoundingNoise - ResidentialClosed12 Mar 2026
11 Mar 2026Banging/PoundingNoise - ResidentialClosed11 Mar 2026
10 Mar 2026Banging/PoundingNoise - ResidentialClosed11 Mar 2026
10 Mar 2026Banging/PoundingNoise - ResidentialClosed10 Mar 2026
6 Mar 2026SignObstructionClosed9 Mar 2026
2 Mar 2026Banging/PoundingNoise - ResidentialClosed3 Mar 2026
23 Feb 2026Allowed in Smoke Free AreaSmoking or VapingClosed24 Apr 2026
13 Feb 2026Vent/Exhaust - Illegal/ImproperGeneral Construction/PlumbingClosed1 Jun 2026
9 Feb 2026Loud TelevisionNoise - ResidentialClosed9 Feb 2026
3 Feb 2026Chemical Vapors/Gases/OdorsIndoor Air QualityClosed3 Feb 2026
27 Jan 2026Noise, Barking Dog (NR5NoiseClosed29 Jan 2026
17 Jan 2026Noise: Construction Equipment (NC1NoiseClosed20 Jan 2026
15 Jan 2026Blocked SidewalkIllegal ParkingClosed15 Jan 2026
23 Dec 2025Posted Parking Sign ViolationIllegal ParkingClosed23 Dec 2025
2 Dec 2025Blocked HydrantIllegal ParkingClosed2 Dec 2025
2 Dec 2025VentilationIndoor Air QualityClosed2 Dec 2025
1 Dec 2025VENTILATION SYSTEMGENERALClosed26 May 2026
1 Dec 2025Allowed in Smoke Free AreaSmoking or VapingClosed30 Jan 2026
30 Nov 2025VentilationIndoor Air QualityClosed1 Dec 2025
30 Nov 2025VentilationIndoor Air QualityClosed30 Nov 2025
30 Nov 2025VENTILATION SYSTEMGENERALClosed2 Dec 2025

Showing the 50 most recent of 131. The full set is available in the interactive report.

Permits & alterations

The absence of a permit does not prove no work was done — it may equally mean work was done without one.

IssuedTypeStatusWork
22 Aug 2025SignSigned-offErect illuminated wall sign and illuminated d/f blade sign. Signs are accessory to Spear
1 Aug 2025Mechanical SystemsSigned-offMODIFICATION OF DUCTWORK AND INSTALLATION OF AC UNITS
23 Jul 2025SprinklersSigned-offMODIFICATION AND INSTALLATION OF SPRINKLER HEADS AND RELATED PIPING
22 Jul 2025PlumbingSigned-offINSTALLATION OF PLUMBING FIXTURES AND RELATED PIPING
27 Jun 2025General ConstructionSigned-offREMOVAL AND INSTALLATION OF INTERIOR PARTITIONS, CEILINGS AND FLOORING. NO CHANGE IN USE, EGRESS OR OCCUPANCY
29 Jan 2025General ConstructionSigned-offHerewith filing a temporary construction office in conjunction with NB # 321598400. No change in use, occupancy or egress
18 Dec 2024General ConstructionSigned-offTEMPORARY 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
25 Sep 2024Mechanical SystemsSigned-offHerewith filing PAA to updated the drawings and the mechanical equipment information as per the AI-1
24 Sep 2024Curb CutSigned-offInstallation of new curb-cut in conjunction with NB 321598400 & BPP # 340837429
17 Jul 2024Construction FenceSigned-offInstallation 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
12 Jun 2024Suspended ScaffoldSigned-offSuspended Scaffold Installation as per plans filed herewith. No change in use, egress or occupancy
10 May 2024Construction FenceSigned-offInstallation 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
10 May 2024Protection and Mechanical MethodsSigned-offINSTALLATION 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 SEPARATE APPLICA
10 May 2024Protection and Mechanical MethodsSigned-offInstallation 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
3 May 2024Protection and Mechanical MethodsSigned-offEasy Scale Multipoint Scaffold Installation as per plans filed herewith. No change in use, egress or occupancy
24 Apr 2024StandpipeSigned-offINSTALLATION 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
15 Feb 2024General ConstructionSigned-offHerewith filing sitework: Test piles including grading and backfill in conjunction with NB # 321598400 and SOE B00595766. No change in use occupancy or egress
1 Feb 2024PlumbingSigned-offHousing NB already assigned to HUB. Please assign to HUB plan examiner. Herewith filing plumbing in conjunction with the NB application # 321598400. Underground plumbing filed under B00641891
30 Nov 2023Protection and Mechanical MethodsSigned-offINSTALLATION AND USE OF TEMPORARY PLATFORM AS PER PLANS FILED HEREWITH. NO CHANGE IN USE, EGRESS, OR OCCUPANCY
1 Aug 2023StructuralSigned-offHousing NB already assigned to HUB. Please assign to HUB plan examiner. Herewith filing structural in conjunction with the NB application # 321598400
31 Jul 2023Sidewalk ShedSigned-offInstallation 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
15 May 2023PlumbingSigned-offHousing NB already assigned to HUB. Please assign to HUB plan examiner. Herewith filing underground plumbing in conjunction with the NB application # 321598400
2 Apr 2023Support of ExcavationSigned-offHerewith filing SOE in conjunction with NB # 321598400
24 Mar 2023SprinklersSigned-offInstallation of new automatic combined class 1 standpipe and sprinkler system in conjunction with NB #321598400
16 Dec 2022NBISSUED—
5 Nov 2021DMISSUED—
5 Nov 2021DMISSUED—
24 Sep 2021DMISSUED—
24 Sep 2021DMISSUED—
3 Sep 2021DMISSUED—
27 Aug 2021DMISSUED—
27 Aug 2021DMISSUED—
24 Aug 2021DMISSUED—
24 Aug 2021DMISSUED—
30 Jul 2021Construction FenceSigned-offInstallation of 8' high plywood construction fence
26 Jul 2021Construction FenceSigned-offInstallation of 8' high temporary construction fence
23 Mar 2021Sidewalk ShedSigned-offInstallation of temporary sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application
22 Mar 2021Protection and Mechanical MethodsSigned-offInstallation of temporary overhead protection per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application
4 Mar 2021Sidewalk ShedSigned-offInstallation of temporary sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application
3 Mar 2021Protection and Mechanical MethodsSigned-offInstallation of temporary overhead protection per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application
30 Nov 2004A2ISSUED—
30 Nov 2004A2ISSUED—
10 Aug 2000A2ISSUED—
10 Aug 2000A2ISSUED—
31 May 2000A1ISSUED—
31 May 2000A1ISSUED—
25 May 2000A1ISSUED—
25 Aug 1992A2ISSUED—

Recorded documents

Deeds, mortgages and related instruments recorded against the lot. A recorded amount is not necessarily a market price.

RecordedTypeAmountFromTo
12 Jan 2026CERT———
12 Jan 2026CERT———
19 Nov 2025DECL———
11 Oct 2024EASE———
11 Oct 2024EASE———
18 May 2023EASE———
18 May 2023CERT———
18 May 2023SMIS———
18 May 2023ZONE———
18 May 2023EASE———
18 May 2023EASE———
18 May 2023EASE———
18 May 2023EASE———
18 May 2023Deed$75,969,073——
18 May 2023SMIS———
18 May 2023Mortgage$38,574,063——
18 May 2023Mortgage$84,133,112——
18 May 2023Mortgage$32,292,825——
18 May 2023SAGE———
19 Dec 2022CERT———
29 Nov 2022DEVR———
29 Nov 2022EASE———
29 Aug 2022Deed———
9 Nov 2021CERT———
9 Nov 2021ZONE———
9 Nov 2021SAGE———
9 Oct 2020CERT———
9 Oct 2020ZONE———
2 Sep 2020SMIS———
31 Aug 2020SMIS———
27 Sep 2019Satisfaction of mortgage———
24 Sep 2019Deed$44,100,000——
22 Apr 2019TERA$2,500,000——
13 Dec 2017SPRD$6,500,000——
3 Nov 2014Agreement$6,500,000——
3 Nov 2014PREL———
10 Oct 2014TL&R———
9 Oct 2014Deed$17,000,000——
9 Oct 2014Mortgage$7,250,000——
3 Jul 2008Mortgage$3,460,213——
3 Jul 2008Agreement$6,500,000——
15 Jan 2004TL&R———
15 Jan 2004Mortgage$1,376,718——
15 Jan 2004TL&R———
15 Jan 2004Assignment———
15 Jan 2004AL&R———
15 Jan 2004Agreement$3,500,000——
14 Mar 2001Mortgage$1,566,666——
14 Mar 2001Assignment———
1 Mar 2000Deed———

Showing the 50 most recent of 64. The full set is available in the interactive report.

About this page

Compiled from New York City public records — data retrieved 5 days ago. Coverage on this parcel: 15 of 15 record groups populated. The derived figures — unused floor-area ratio, buildable area, the assessed-value trend and the per-unit ratios — are calculated by us and appear in no public dataset; the formulas are in the methodology.

This is a research tool, not advice. It is not a title search, a lien search, a survey or an inspection, and it does not replace any of them. If a figure here matters to a decision, verify it at the source. See Terms.