759 President Street (The Presidential)
753–759 President Street, Brooklyn, NY 11215
BBL 3009570062 · BIN 3324959
- Year built
- 1884
- Type
- Cooperative
- Units
- 36
- Landmark
- No
- Flip tax
- 3 percent of the seller's profit. The buyer also pays a capital contribution of three months' maintenance
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Presidential would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
Most Park Slope co-ops are brownstones cut into floor-throughs or prewar elevator buildings on the avenues. The Presidential is neither. It is a nineteenth-century private hospital turned into 36 apartments, and its unusual layouts (duplexes, courtyard decks and private roof areas) come from that conversion.
The building began as the Skene Sanitarium. Dr. Alexander J. C. Skene was a Scottish-born gynecologist, a Long Island College Hospital faculty member and later its dean, and a founder of the American Gynecological Society. He built a small private hospital on President Street between Sixth and Seventh Avenues, completed in 1884. According to published architectural history, the sanitarium added a limestone wing in 1902 and was sold in 1924 to Samaritan Hospital, which added another wing. By the time of the 1984 offering plan, the plan described the buildings as having been "until recently the Baptist Hospital Complex." Each owner left a wing, and the result is the horseshoe plan that still shapes the property.
President Court Associates, the sponsor, converted the complex in 1984. Its plan turned the hospital into 32 apartments and the adjoining brownstone at 753 President Street into four floor-throughs. The plan also relied on J-51, the city tax-benefit program for residential conversions and rehabilitation. It disclosed that the benefit depended on finishing construction before December 31, 1984.
The building's value is in the plan of the units. Duplex apartments, decks in the angles between the wings and top-floor roof space are the features a buyer can't find in a brownstone floor-through a few doors away.
Architecture and unit composition
According to the offering plan, the main building has four stories plus basement and cellar, arranged as a horseshoe around an open front courtyard. The brownstone at 753 President Street connects to it at the west wing. Of the 32 hospital-building apartments, 12 were laid out as duplexes and 20 as simplexes. The whole project was offered as 36 apartments totaling 134 rooms. Apartment designations run from garden level (BG, BJ) through the fourth floor. Some units have wood-burning fireplaces: the house rules require them to be professionally cleaned every five years.
The house rules divide the roof. The common deck sits over apartments 4A through 4C. The rest of the roof is private space for six fourth-floor apartments, and the west-wing stair is reserved for emergencies because it opens onto those private areas. Balconies are shared in some locations, per management-sourced records. Anyone buying a top-floor or balcony unit should confirm in the proprietary lease exactly what outdoor space comes with the apartment.
City data note. PLUTO dates the property to 1902, but the record shows three construction phases from 1884 onward. City records also count the 36 apartments across two tax lots, which is why unit counts that look only at lot 62 come up short.
Building operations
The Presidential is a small, professionally managed co-op with a part-time live-in superintendent. It has no doorman or front-desk staff.
Underlying mortgage. The co-op refinanced in 2022 to a $2.9 million underlying mortgage, per management-sourced records and a mortgage consolidation agreement recorded with ACRIS in June 2022. An underlying mortgage is the building's own loan, which every shareholder pays toward through maintenance. The loan it replaced was a 2018 mortgage at 3.72 percent, due in 2028, per the 2021 audited statements. The new loan's rate and maturity aren't in the documents on file, so request them.
Assessment and capital work. A one-year assessment of $30 per share began June 1, 2023, to fund lighting and energy-compliance upgrades, per management-sourced records. On that schedule it would have run through mid-2024; confirm it has ended. Work completed in the five years before 2023 included a façade project, a laundry upgrade and an elevator modernization.
Reserves and maintenance. Cash stood above $350,000 at year-end 2021, per the audited financial statements. The corporation has not commissioned a reserve study, which estimates the cost and timing of future major repairs. Maintenance went up about 1 percent in both 2022 and 2023.
Tax benefits. No J-51 benefit appears on the Department of Finance exemption rolls for 2021 through 2027. Whatever the 1984 conversion received has long since expired. The corporation does receive the city's co-op/condo property-tax abatement and passes it through to eligible shareholders, per the financial statements.
Recent sales
The Presidential trades as a conversion co-op in brownstone Park Slope. Pricing follows room count and layout more than square footage. The duplexes, units with private roof space and courtyard units with decks are the premium lines. Walk-up floor-throughs in the brownstone and interior simplexes trade as a separate tier. Recorded share transfers in ACRIS show steady resale activity across all floors, with buyers unrelated to one another and no sponsor block.
In Park Slope through 2025, move-up buyers kept demand high for elevator co-ops with outdoor space, and there are few of them between Sixth and Seventh Avenues. Compare units by line and by type of outdoor space, not against a building average. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Aug 13, 2026 | 2H | $795,000 |
| Aug 10, 2026 | 1H | $699,000 |
| Sep 4, 2025 | 1C | $1,415,000 |
| Sep 19, 2025 | 4BC | $1,850,000 |
| Jul 22, 2025 | 2D | $1,995,000 |
| Feb 20, 2025 | 1E | $1,665,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00957-0062) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
At the recent median sale of $1.67M (6 transfers since 2024), a buyer putting 25% down would pay about $31,200 to close, or 1.9% of the price.
- Mansion tax: $16,650
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with The Presidential and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings likeThe Presidential. Unsubscribe anytime.
We’ll use your email for The Roebling Report and note your interest in this building. See our privacy policy.
What to know if you’re buying
Underwrite to the co-op's rules. Plan on 20 percent down and 24 months of post-closing liquidity. The board also applies a 40 percent debt-to-income guideline for refinances and is likely to look at the same ratio in a purchase package. Gifting and guarantors are allowed.
Ask for the new mortgage terms. Get the rate, maturity and any balloon payment on the 2022 refinancing, plus the current reserve balance. This building has no reserve study.
Confirm the assessment has ended. The 2023 per-share assessment should have finished by mid-2024. Ask whether energy-compliance work is still planned and how it will be paid for.
Read the lease for outdoor space. Private roof areas, patios and shared balconies are set out in the house rules and the proprietary lease. Know exactly what comes with the unit.
Don't plan on in-unit laundry or a pied-à-terre. New washer/dryer installations are on hold pending a plumbing audit, and pied-à-terre ownership is closed to new buyers.
What to know if you’re selling
Lead with the history and the layout. A converted Skene Sanitarium with duplexes and courtyard decks has nothing like it on the block.
Factor in the flip tax and the timeline. The seller pays 3 percent of profit. The board requires an interview. Buyers who need to sublet soon won't qualify under the three-year residency rule, so market to owner-occupants.
Have the capital file ready. A façade project, an elevator modernization and a 2022 refinancing are strong answers to diligence questions. Include them in the package.
Comparable buildings
If you're considering The Presidential, also evaluate:
- 39 Plaza Street West: prewar elevator co-op at Grand Army Plaza; the North Slope's full-service alternative
- 209 Lincoln Place: prewar elevator co-op a few blocks north
- 225 Lincoln Place: prewar elevator co-op on the same Lincoln Place run
- 140 8th Avenue: interwar courtyard elevator co-op on Eighth Avenue
- 300 8th Avenue: prewar elevator co-op farther south on Eighth Avenue
- 220 Berkeley Place: postwar elevator co-op in the North Slope
- 814 Carroll Street: postwar doorman co-op one block south; the staffed alternative
- 420 12th Street (Ansonia Court): Park Slope's other nonresidential-to-co-op conversion, an 1881 industrial loft
More Park Slope buildings
- 64 Seventh Avenue — 1889 condop
- 675 Sackett Street (Park Slope Terrace) — 2003 condominium
- 75 Prospect Park West — 1920 co-op
- 851 Carroll Street — 1894 condop
- 86 Prospect Park West — 1908 co-op
- 9 Prospect Park West — 1928 co-op
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Park Slope.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at The Presidential?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.