1501 Metropolitan Avenue

1501 Metropolitan Avenue is a condo located in Parkchester, Bronx. The building was first built in 1940 and is 84 years old. The lot that the building was built on is 640 feet wide and 513 feet long. The official lot area is listed as 1,500,000 square feet. In total, 1501 Metropolitan Avenue has a total floor area of 2,812,639 square feet. Of that, 2,812,639 square feet are used for residential purposes. There are a total of 3,857 units. Of those, 3,857 are residential units. There are no commercial units in this building. 1501 Metropolitan Avenue has a total of 13 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 4,000 closings on record, of which we have matching data for 4 listings. In the past 3 years, a listing in this building will typically remain on the market for about 174 days and tend to sell below the original asking price of $217,500 by 14.56%. Meaning, listings tend to sell at a median of $275 price per square foot. The transaction that took the longest to complete was unit 9B, listed on Aug 10, 2021 for $255,000. This particular unit ultimately sold 273 days later for $225,000. The most recent transaction was for unit MA, sold for $140,000 on Feb 20, 2024. Fun fact, the oldest transaction we have on record took place on Feb 24, 1999. See the full transaction history for 1501 Metropolitan Avenue below.

Parkchester, where 1501 Metropolitan Avenue is located, has a median asking price of $269,000 for condo buildings. Meanwhile, the building itself has a median asking price of $217,500. For interested buyers, that means the building's median asking price is around 0.19% 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 $320,000. It is a 3-bedroom and 1-bathroom unit.