2940 Ocean Avenue

2940 Ocean Avenue is a condo located in Sheepshead Bay, Brooklyn. The building was first built in 1930 and is 94 years old. The lot that the building was built on is 150 feet wide and 126 feet long. The official lot area is listed as 18,750 square feet. The building itself is 150 feet wide and 110 feet long. In total, 2940 Ocean Avenue has a total floor area of 52,500 square feet. Of that, 52,500 square feet are used for residential purposes. There are a total of 63 units. Of those, 63 are residential units. There are no commercial units in this building. 2940 Ocean Avenue has a total of 4 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 62 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 272 days and tend to sell below the original asking price of $229,000 by 16.36%. Meaning, listings tend to sell at a median of $286 price per square foot. The transaction that took the longest to complete was unit B7, listed on Jan 18, 2023 for $275,000. This particular unit ultimately sold 272 days later for $230,000. The most recent transaction was for unit C4, sold for $0 on Dec 22, 2023. Fun fact, the oldest transaction we have on record took place on Feb 02, 1967. See the full transaction history for 2940 Ocean Avenue below.

Sheepshead Bay, where 2940 Ocean Avenue is located, has a median asking price of $579,000 for condo buildings. Meanwhile, the building itself has a median asking price of $229,000. For interested buyers, that means the building's median asking price is around 0.60% 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 $215,000. It is a 700 sqft 1-bedroom and 1-bathroom unit.