350-Unit Residential Development Unveiled For At 499 President Street In Gowanus, Brooklyn

This week The Brodsky Organization announced the acquisition of 499 President Street in Gowanus, Brooklyn. The developer will partner with Avery Hall Investments to begin construction on a mixed-use multi-family residential building. When completed, 499 President Street will include 350 market-rate and affordable rental apartments, a range of resident amenities, and 20,000 square feet of ground-floor retail space. SLCE Architects is responsible for the design.

“We are very excited to announce the acquisition and beginning of construction of 499 President Street as we continue to expand our presence in Brooklyn,” said Thomas Brodsky, principal of The Brodsky Organization. “We look forward to delivering expertly designed, high-quality apartments, and exciting local retail to the dynamic Gowanus neighborhood together with Avery Hall Investments.”

Units in the 322,000-square-foot project will be a mix of studio, one-, and two-bedroom apartments with 75 percent of the residences designated as market rate and the rest as affordable housing available for residents at an average of 60 percent of area median income.

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