197 Bay 47th Street

197 Bay 47th Street is a condo located in Gravesend, Brooklyn. The building was first built in 2003 and is 21 years old. The lot that the building was built on is 41 feet wide and 97 feet long. The official lot area is listed as 4,128 square feet. The building itself is 59 feet wide and 64 feet long. In total, 197 Bay 47th Street has a total floor area of 11,244 square feet. Of that, 11,244 square feet are used for residential purposes. There are a total of 7 units. Of those, 7 are residential units. There are no commercial units in this building. 197 Bay 47th Street has a total of 3 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 14 closings on record, of which we have matching data for 3 listings. In the past 3 years, a listing in this building will typically remain on the market for about 203 days and tend to sell below the original asking price of $639,000 by 15.82%. Meaning, listings tend to sell at a median of $371 price per square foot. The transaction that took the longest to complete was unit 3, listed on Nov 12, 2014 for $552,500. This particular unit ultimately sold 350 days later for $535,000. The most recent transaction was for unit 7, which was first advertised on Oct 10, 2022, sold for $770,000 on Apr 26, 2023. Fun fact, the oldest transaction we have on record took place on Apr 10, 1975. See the full transaction history for 197 Bay 47th Street below.

Gravesend, where 197 Bay 47th Street is located, has a median asking price of $579,000 for condo buildings. Meanwhile, the building itself has a median asking price of $639,000. For interested buyers, that means the building's median asking price is around 0.97% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.