The Premier House

The Premier House is a Co-op located 1401 Ocean Avenue, in East Midwood, Brooklyn. The building was first built in 1963 and is 61 years old. The lot that the building was built on is 207 feet wide and 210 feet long. The official lot area is listed as 43,421 square feet. The building itself is 189 feet wide and 76 feet long. In total, 1401 Ocean Avenue has a total floor area of 225,500 square feet. Of that, 193,500 square feet are used for residential purposes. About 32,000 square feet of the building are used for commercial purposes. Additionally, the building has a 24,200 square feet garage. There are a total of 190 units. Of those, 184 are residential units. There are six commercial units. 1401 Ocean Avenue has a total of 16 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! Separately, the building has a pool! Which is great those who want low-impact workout or those with children! If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 119 closings on record, of which we have matching data for 6 listings. In the past 3 years, a listing in this building will typically remain on the market for about 342 days Meaning, listings tend to sell at a median of $532 price per square foot. The transaction that took the longest to complete was unit PHAB, listed on Mar 14, 2018 for $1,199,999. This particular unit ultimately sold 350 days later for $1,150,000. The most recent transaction was for unit 4I, sold for $475,000 on Sep 26, 2023. Fun fact, the oldest transaction we have on record took place on Jun 02, 1972. See the full transaction history for The Premier House below.

East Midwood, where 1401 Ocean Avenue is located, has a median asking price of $410,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $490,000. For interested buyers, that means the building's median asking price is around 0.20% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

There are currently 5 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,499,000. It is a 2,200 sqft 6 bedroom and 4 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $299,000. It is a 550 sqft studio and 1 bathroom unit. A breakdown of active listings shows 2 studio, 1 one-bedroom, and 1 four-bedroom plus units for sale! The median price of all the active units for sale in the building is $430,000. Collectively, the median square footage of these active units for sale is 750 sqft. Active units for sale at 1401 Ocean Avenue have a median count of 1 bedrooms and have a median count of 1 bathroom.