The Dearborn

The Dearborn is a Co-op located 345 Montgomery Street, in Crown Heights, Brooklyn. The building was first built in 1928 and is 96 years old. It was first renovated and altered in 1979. The lot that the building was built on is 225 feet wide and 106 feet long. The official lot area is listed as 23,756 square feet. The building itself is 215 feet wide and 106 feet long. In total, 345 Montgomery Street has a total floor area of 105,675 square feet. Of that, 105,675 square feet are used for residential purposes. There are a total of 102 units. Of those, 102 are residential units. 345 Montgomery Street has a total of 6 floors. Thankfully, the building is equipped with elevator service. Residents can access the two elevators in 345 Montgomery Street.

Interested in learning more about the building? There are many great amenities and features for residents in the building. 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 135 closings on record, of which we have matching data for 68 listings. In the past 3 years, a listing in this building will typically remain on the market for about 149 days and tend to sell below the original asking price of $497,000 by 11.54%. Meaning, listings tend to sell at a median of $557 price per square foot. The transaction that took the longest to complete was unit 3H, listed on Jan 09, 2023 for $650,000. This particular unit ultimately sold 339 days later for $600,000. The most recent transaction was for unit 3H, which was first advertised on Jan 09, 2023, sold for $600,000 on Dec 14, 2023. Fun fact, the oldest transaction we have on record took place on Feb 26, 1975. See the full transaction history for The Dearborn below.

Crown Heights, where 345 Montgomery Street is located, has a median asking price of $410,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $497,000. For interested buyers, that means the building's median asking price is around 0.21% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

There are currently 3 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $679,000. It is a 2 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $400,000. It is a 1 bedroom and 1 bathroom unit. A breakdown of active listings shows 2 one-bedroom, 1 two-bedroom, units for sale! The median price of all the active units for sale in the building is $475,000. Active units for sale at 345 Montgomery Street have a median count of 1 bedrooms and have a median count of 1 bathroom.