Park Lane

Park Lane is a condo located 116-24 Metropolitan Avenue, in Kew Gardens, Richmond Hill. The building was first built in 2005 and is 19 years old. The lot that the building was built on is 80 feet wide and 200 feet long. The official lot area is listed as 19,503 square feet. In total, 116-24 Metropolitan Avenue has a total floor area of 84,143 square feet. Of that, 56,411 square feet are used for residential purposes. About 27,732 square feet of the building are used for commercial purposes. There are a total of 63 units. Of those, 59 are residential units. There are 4 commercial units. 116-24 Metropolitan Avenue has a total of 17 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 145 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 231 days Meaning, listings tend to sell at a median of $525 price per square foot. The transaction that took the longest to complete was unit 3B, listed on Jun 25, 2014 for $339,000. This particular unit ultimately sold 260 days later for $327,500. The most recent transaction was for unit 12D, sold for $570,000 on Oct 17, 2023. Fun fact, the oldest transaction we have on record took place on Dec 26, 1975. See the full transaction history for Park Lane below.

Kew Gardens, where 116-24 Metropolitan Avenue is located, has a median asking price of $658,888 for condo buildings. Meanwhile, the building itself has a median asking price of $419,500. For interested buyers, that means the building's median asking price is around 0.36% 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.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.