Fairfax House

Fairfax House is a Co-op located 243 78th Street, in Bay Ridge, Brooklyn. The building was first built in 1940 and is 84 years old. The lot that the building was built on is 135 feet wide and 109 feet long. The official lot area is listed as 14,715 square feet. The building itself is 125 feet wide and 94 feet long. In total, 243 78th Street has a total floor area of 61,800 square feet. Of that, 61,800 square feet are used for residential purposes. There are a total of 60 units. Of those, 60 are residential units. 243 78th Street has a total of 6 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Residents who own pets will be happy to hear that the building is pet-friendly. There are 51 closings on record, of which we have matching data for 8 listings. In the past 3 years, a listing in this building will typically remain on the market for about 198 days and tend to sell below the original asking price of $414,500 by 9.97%. Meaning, listings tend to sell at a median of $489 price per square foot. The transaction that took the longest to complete was unit 3A, listed on Oct 18, 2022 for $278,000. This particular unit ultimately sold 343 days later for $237,000. The most recent transaction was for unit 3A, which was first advertised on Oct 18, 2022, sold for $237,000 on Sep 27, 2023. Fun fact, the oldest transaction we have on record took place on Oct 01, 1982. See the full transaction history for Fairfax House below.

Bay Ridge, where 243 78th Street is located, has a median asking price of $359,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $414,500. For interested buyers, that means the building's median asking price is around 0.15% 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 $275,000. It is a 600 sqft studio-bedroom and 1-bathroom unit.