1025 45th Street

1025 45th Street is a condo located in Borough Park, Brooklyn. The building was first built in 1923 and is 101 years old. It was first renovated and altered in 1988. The lot that the building was built on is 100 feet wide and 100 feet long. The official lot area is listed as 10,018 square feet. In total, 1025 45th Street has a total floor area of 25,436 square feet. Of that, 25,436 square feet are used for residential purposes. There are a total of 26 units. Of those, 26 are residential units. There are no commercial units in this building. 1025 45th Street has a total of 4 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 83 closings on record, of which we have matching data for 3 listings. In the past 3 years, a listing in this building will typically remain on the market for about 186 days and tend to sell below the original asking price of $350,000 by 21.80%. Meaning, listings tend to sell at a median of $800 price per square foot. The transaction that took the longest to complete was unit 2E, listed on Dec 25, 2022 for $560,000. This particular unit ultimately sold 254 days later for $535,000. The most recent transaction was for unit 3E, sold for $0 on Jan 19, 2024. Fun fact, the oldest transaction we have on record took place on Feb 13, 1989. See the full transaction history for 1025 45th Street below.

Borough Park, where 1025 45th Street is located, has a median asking price of $699,000 for condo buildings. Meanwhile, the building itself has a median asking price of $350,000. For interested buyers, that means the building's median asking price is around 0.50% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $799,999. It is a 1,500 sqft 5-bedroom and 2-bathroom unit.