Prospect Park Terrace

Prospect Park Terrace is a condo located 1638 8th Avenue, in South Slope, Brooklyn. The building was first built in 2007 and is 17 years old. The official lot area is listed as 18,490 square feet. The building itself is 50 feet wide and 73 feet long. In total, 1638 8th Avenue has a total floor area of 33,210 square feet. Of that, 30,523 square feet are used for residential purposes. About 2,687 square feet of the building are used for commercial purposes. Additionally, the building has a 2,687 square feet garage. There are a total of 45 units. Of those, 27 are residential units. There are 18 commercial units. 1638 8th Avenue has a total of 6 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Don't forget to take full advantage of the roof deck where you can soak up some sun during summer or host a get together with your friends and family. Alternatively, take a stroll around the building's garden. Residents who own pets will be happy to hear that the building is pet-friendly. There are 58 closings on record, of which we have matching data for 18 listings. In the past 3 years, a listing in this building will typically remain on the market for about 104 days Meaning, listings tend to sell at a median of $984 price per square foot. The transaction that took the longest to complete was unit 2B, listed on Feb 15, 2018 for $1,000,000. This particular unit ultimately sold 238 days later for $880,000. The most recent transaction was for unit 1D, which was first advertised on May 08, 2023, sold for $1,665,000 on Jul 28, 2023. Fun fact, the oldest transaction we have on record took place on May 16, 1980. See the full transaction history for Prospect Park Terrace below.

South Slope, where 1638 8th Avenue is located, has a median asking price of $1,525,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,217,500. For interested buyers, that means the building's median asking price is around 0.20% 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 are currently 2 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 $1,650,000. It is a 1,694 sqft 2 bedroom and 3 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $995,000. It is a 984 sqft 2 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, 2 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $1,322,500. Collectively, the median square footage of these active units for sale is 1,339 sqft. Active units for sale at 1638 8th Avenue are mostly 2-bedroom apartments Active units for sale at 1638 8th Avenue have a median count of 2 bedrooms and have a median count of 2.5 bathrooms.