1505 Archer Road

1505 Archer Road is a condo located in Parkchester, Bronx. The building was first built in 0 and is 2024 years old. The official lot area is listed as 914,087 square feet. In total, 1505 Archer Road has a total floor area of 1,842,649 square feet. Of that, 1,539,544 square feet are used for residential purposes. About 303,105 square feet of the building are used for commercial purposes. There are a total of 2,141 units. Of those, 2,121 are residential units. There are 20 commercial units.

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 6 listings. In the past 3 years, a listing in this building will typically remain on the market for about 152 days and tend to sell below the original asking price of $224,500 by 16.36%. The transaction that took the longest to complete was unit 12A, listed on Feb 16, 2021 for $249,000. This particular unit ultimately sold 308 days later for $247,000. The most recent transaction was for unit MH, sold for $179,000 on Jan 11, 2024. Fun fact, the oldest transaction we have on record took place on Jul 19, 1989. See the full transaction history for 1505 Archer Road below.

Parkchester, where 1505 Archer Road is located, has a median asking price of $269,000 for condo buildings. Meanwhile, the building itself has a median asking price of $224,500. For interested buyers, that means the building's median asking price is around 0.17% 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 $240,000. It is a 1-bedroom and 1-bathroom unit.