Lumbini Garden

Lumbini Garden is a condo located 326 Melrose Street, in Bushwick, Brooklyn. The building was first built in 2008 and is 16 years old. The lot that the building was built on is 25 feet wide and 100 feet long. The official lot area is listed as 2,500 square feet. The building itself is 25 feet wide and 64 feet long. In total, 326 Melrose Street has a total floor area of 6,070 square feet. Of that, 6,070 square feet are used for residential purposes. There are a total of 8 units. Of those, 8 are residential units. There are no commercial units in this building. 326 Melrose Street 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. Better yet, washer and dryers are allowed in each unit. Residents who own pets will be happy to hear that the building is pet-friendly. There are 18 closings on record, of which we have matching data for 4 listings. In the past 3 years, a listing in this building will typically remain on the market for about 90 days Meaning, listings tend to sell at a median of $821 price per square foot. The transaction that took the longest to complete was unit 4B, listed on Sep 06, 2016 for $749,000. This particular unit ultimately sold 104 days later for $735,000. The most recent transaction was for unit 2A, which was first advertised on Jul 29, 2021, sold for $660,000 on Oct 27, 2021. Fun fact, the oldest transaction we have on record took place on Dec 31, 1975. See the full transaction history for Lumbini Garden below.

Bushwick, where 326 Melrose Street is located, has a median asking price of $1,100,000 for condo buildings. Meanwhile, the building itself has a median asking price of $699,000. For interested buyers, that means the building's median asking price is around 0.36% 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 $649,000. It is a 804 sqft studio-bedroom and 2-bathroom unit.