Meadowwood East At Gateway

Meadowwood East At Gateway is a condo located 12399 Flatlands Avenue, in East New York, Brooklyn. The building was first built in 0 and is 2024 years old. The official lot area is listed as 456,479 square feet. In total, 12399 Flatlands Avenue has a total floor area of 423,957 square feet. Of that, 421,960 square feet are used for residential purposes. About 1,997 square feet of the building are used for commercial purposes. There are a total of 542 units. Of those, 540 are residential units. There are 2 commercial units.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. Residents who own pets will be happy to hear that the building is pet-friendly. There are 323 closings on record, of which we have matching data for 5 listings. In the past 3 years, a listing in this building will typically remain on the market for about 167 days Meaning, listings tend to sell at a median of $420 price per square foot. The transaction that took the longest to complete was unit 138G, listed on Aug 18, 2020 for $268,000. This particular unit ultimately sold 167 days later for $268,000. The most recent transaction was for unit 157B, sold for $280,000 on Feb 15, 2024. Fun fact, the oldest transaction we have on record took place on Jun 23, 1994. See the full transaction history for Meadowwood East At Gateway below.

East New York, where 12399 Flatlands Avenue is located, has a median asking price of $389,000 for condo buildings. Meanwhile, the building itself has a median asking price of $268,000. For interested buyers, that means the building's median asking price is around 0.31% 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 $359,000. It is a 920 sqft 2-bedroom and 1-bathroom unit.