1557 Independence Avenue

1557 Independence Avenue is a Co-op located in Bath Beach, Brooklyn. The building was first built in 1950 and is 74 years old. The lot that the building was built on is 704 feet wide and 210 feet long. The official lot area is listed as 138,700 square feet. The building itself is 291 feet wide and 65 feet long. In total, 1557 Independence Avenue has a total floor area of 113,700 square feet. Of that, 113,700 square feet are used for residential purposes. There are a total of 134 units. Of those, 134 are residential units. 1557 Independence Avenue has a total of 2 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 121 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 285 days and tend to sell below the original asking price of $329,000 by 25.33%. Meaning, listings tend to sell at a median of $506 price per square foot. The transaction that took the longest to complete was unit 1B, listed on Oct 29, 2021 for $375,000. This particular unit ultimately sold 285 days later for $280,000. The most recent transaction was for unit 1B, which was first advertised on Oct 29, 2021, sold for $280,000 on Aug 11, 2022. Fun fact, the oldest transaction we have on record took place on Nov 14, 1980. See the full transaction history for 1557 Independence Avenue below.

Bath Beach, where 1557 Independence Avenue is located, has a median asking price of $358,444 for co-op buildings. Meanwhile, the building itself has a median asking price of $329,000. For interested buyers, that means the building's median asking price is around 0.08% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op 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 $325,000. It is a 650 sqft 1-bedroom and 1-bathroom unit.