248 East 7th Street

248 East 7th Street is a Co-op located in Alphabet City, New York. The building was first built in 1928 and is 96 years old. The lot that the building was built on is 27 feet wide and 91 feet long. The official lot area is listed as 2,494 square feet. The building itself is 27 feet wide and 78 feet long. In total, 248 East 7th Street has a total floor area of 11,802 square feet. Of that, 11,802 square feet are used for residential purposes. There are a total of 12 units. Of those, 12 are residential units. 248 East 7th Street has a total of 6 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. Better yet, washer and dryers are allowed in each unit. Love to bike? Store your bike in the building's bike storage rather than your own apartment. 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 16 closings on record, of which we have matching data for 6 listings. In the past 3 years, a listing in this building will typically remain on the market for about 168 days The transaction that took the longest to complete was unit 1920, listed on Aug 05, 2013 for $665,000. This particular unit ultimately sold 244 days later for $665,000. The most recent transaction was for unit 1920, which was first advertised on Oct 18, 2021, sold for $1,200,000 on Mar 14, 2022. Fun fact, the oldest transaction we have on record took place on Oct 27, 1967. See the full transaction history for 248 East 7th Street below.

Alphabet City, where 248 East 7th Street is located, has a median asking price of $1,195,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $612,500. For interested buyers, that means the building's median asking price is around 0.49% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op 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.