Monticello Gardens

Monticello Gardens is a Co-op located 37-50 87th Street, in Jackson Heights, Jackson Heights. The building was first built in 1951 and is 73 years old. The lot that the building was built on is 500 feet wide and 100 feet long. The official lot area is listed as 50,000 square feet. The building itself is 500 feet wide and 75 feet long. In total, 37-50 87th Street has a total floor area of 168,600 square feet. Of that, 135,000 square feet are used for residential purposes. About 33,600 square feet of the building are used for commercial purposes. Additionally, the building has a 33,600 square feet garage. There are a total of 168 units. Of those, 167 are residential units. There is one commercial unit. 37-50 87th Street has a total of 6 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 127 closings on record, of which we have matching data for 8 listings. In the past 3 years, a listing in this building will typically remain on the market for about 209 days and tend to sell below the original asking price of $282,000 by 4.02%. Meaning, listings tend to sell at a median of $453 price per square foot. The transaction that took the longest to complete was unit 2C, listed on Oct 13, 2018 for $259,000. This particular unit ultimately sold 347 days later for $240,000. The most recent transaction was for unit 1F, sold for $430,000 on Jan 19, 2024. Fun fact, the oldest transaction we have on record took place on Jun 16, 1972. See the full transaction history for Monticello Gardens below.

Jackson Heights, where 37-50 87th Street is located, has a median asking price of $350,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $282,000. For interested buyers, that means the building's median asking price is around 0.19% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op 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 $300,000. It is a 1-bedroom and 1-bathroom unit.