225 Park Place

225 Park Place is a Co-op located 225 Park Place, in Prospect Heights, Brooklyn. The building was first built in 1940 and is 84 years old. The lot that the building was built on is 104 feet wide and 131 feet long. The official lot area is listed as 13,646 square feet. The building itself is 104 feet wide and 115 feet long. In total, 225 Park Place has a total floor area of 60,450 square feet. Of that, 60,450 square feet are used for residential purposes. There are a total of 60 units. Of those, 60 are residential units. 225 Park Place 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. 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! Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 64 closings on record, of which we have matching data for 23 listings. In the past 3 years, a listing in this building will typically remain on the market for about 116 days Meaning, listings tend to sell at a median of $970 price per square foot. The transaction that took the longest to complete was unit 2E, listed on May 13, 2015 for $419,000. This particular unit ultimately sold 254 days later for $398,000. The most recent transaction was for unit 3K, sold for $609,000 on Jun 26, 2023. Fun fact, the oldest transaction we have on record took place on May 20, 1968. See the full transaction history for 225 Park Place below.

Prospect Heights, where 225 Park Place is located, has a median asking price of $840,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $899,000. For interested buyers, that means the building's median asking price is around 0.07% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit 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 $1,495,000. It is a 2-bedroom and 2-bathroom unit.