The Spencer Building

The Spencer Building is a condo located 201 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, 201 Spencer Street has a total floor area of 16,043 square feet. Of that, 16,043 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. 201 Spencer Street has a total of 9 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. 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 38 closings on record, of which we have matching data for 12 listings. In the past 3 years, a listing in this building will typically remain on the market for about 126 days Meaning, listings tend to sell at a median of $799 price per square foot. The transaction that took the longest to complete was unit 7B, listed on Sep 05, 2018 for $785,000. This particular unit ultimately sold 327 days later for $785,000. The most recent transaction was for unit 2A, which was first advertised on Apr 19, 2022, sold for $860,000 on Aug 09, 2022. Fun fact, the oldest transaction we have on record took place on Dec 27, 1973. See the full transaction history for The Spencer Building below.

Bedford-Stuyvesant, where 201 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 $804,500. 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.

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 $869,000. It is a 600 sqft 1-bedroom and 1-bathroom unit.