279 Prospect Ave

279 Prospect Ave is a condo located 279 Prospect Avenue, in South Slope, Brooklyn. The building was first built in 2003 and is 21 years old. The lot that the building was built on is 50 feet wide and 184 feet long. The official lot area is listed as 9,005 square feet. The building itself is 50 feet wide and 139 feet long. In total, 279 Prospect Avenue has a total floor area of 25,062 square feet. Of that, 22,608 square feet are used for residential purposes. About 2,454 square feet of the building are used for commercial purposes. Additionally, the building has a 1,683 square feet garage. There are a total of 44 units. Of those, 20 are residential units. There are 24 commercial units. 279 Prospect Avenue has a total of 5 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. Better yet, washer and dryers are allowed in each unit. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Residents who own pets will be happy to hear that the building is pet-friendly. There are 45 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 105 days Meaning, listings tend to sell at a median of $975 price per square foot. The transaction that took the longest to complete was unit 4A, listed on Feb 18, 2023 for $985,000. This particular unit ultimately sold 199 days later for $985,000. The most recent transaction was for unit 4A, sold for $0 on Dec 07, 2023. Fun fact, the oldest transaction we have on record took place on Oct 09, 1967. See the full transaction history for 279 Prospect Ave below.

South Slope, where 279 Prospect Avenue is located, has a median asking price of $1,525,000 for condo buildings. Meanwhile, the building itself has a median asking price of $929,000. For interested buyers, that means the building's median asking price is around 0.39% 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 $988,000. It is a 943 sqft 2-bedroom and 2-bathroom unit.