251 First

251 First is a condo located 251 1st Street, in Central Slope, Brooklyn. The building was first built in 2015 and is 9 years old. It was first renovated and altered in 2014. The lot that the building was built on is 100 feet wide and 100 feet long. The official lot area is listed as 10,000 square feet. The building itself is 100 feet wide and 100 feet long. In total, 251 1st Street has a total floor area of 63,431 square feet. Of that, 57,886 square feet are used for residential purposes. About 5,545 square feet of the building are used for commercial purposes. There are a total of 46 units. Of those, 44 are residential units. There are 2 commercial units. 251 1st Street has a total of 11 floors.

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! There are 60 closings on record, of which we have matching data for 26 listings. In the past 3 years, a listing in this building will typically remain on the market for about 276 days and tend to sell below the original asking price of $1,647,500 by 1.84%. Meaning, listings tend to sell at a median of $1,377 price per square foot. The transaction that took the longest to complete was unit 4D, listed on Jun 10, 2016 for $1,365,000. This particular unit ultimately sold 363 days later for $1,389,910. The most recent transaction was for unit 5E, which was first advertised on Feb 28, 2023, sold for $1,350,000 on Apr 28, 2023. Fun fact, the oldest transaction we have on record took place on May 24, 2017. See the full transaction history for 251 First below.

Central Slope, where 251 1st Street is located, has a median asking price of $1,525,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,647,500. For interested buyers, that means the building's median asking price is around 0.94% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit 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 $2,675,000. It is a 1,560 sqft 3-bedroom and 3-bathroom unit.