The Spencer

The Spencer is a condo located 197 Spencer Street, in Bedford-Stuyvesant, Brooklyn. The building was first built in 2004 and is 20 years old. The lot that the building was built on is 40 feet wide and 100 feet long. The official lot area is listed as 4,000 square feet. The building itself is 40 feet wide and 65 feet long. In total, 197 Spencer Street has a total floor area of 16,250 square feet. Of that, 16,250 square feet are used for residential purposes. There are a total of 18 units. Of those, 18 are residential units. There are no commercial units in this building. 197 Spencer Street has a total of 9 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. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! Better yet, washer and dryers are allowed in each unit. Residents who own pets will be happy to hear that the building is pet-friendly. There are 35 closings on record, of which we have matching data for 7 listings. In the past 3 years, a listing in this building will typically remain on the market for about 92 days Meaning, listings tend to sell at a median of $855 price per square foot. The transaction that took the longest to complete was unit 9A, listed on May 15, 2018 for $775,000. This particular unit ultimately sold 349 days later for $730,000. The most recent transaction was for unit 3A, sold for $951,000 on Feb 02, 2022. Fun fact, the oldest transaction we have on record took place on Oct 21, 1977. See the full transaction history for The Spencer below.

Bedford-Stuyvesant, where 197 Spencer Street is located, has a median asking price of $1,100,000 for condo buildings. Meanwhile, the building itself has a median asking price of $799,000. For interested buyers, that means the building's median asking price is around 0.27% 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.

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.