5008 7th Avenue

5008 7th Avenue is a condo located in Sunset Park, Brooklyn. The building was first built in 2008 and is 16 years old. The lot that the building was built on is 101 feet wide and 100 feet long. The official lot area is listed as 10,050 square feet. In total, 5008 7th Avenue has a total floor area of 56,107 square feet. Of that, 30,371 square feet are used for residential purposes. About 25,736 square feet of the building are used for commercial purposes. Additionally, the building has a 17,767 square feet garage. There are a total of 40 units. Of those, 36 are residential units. There are 4 commercial units. 5008 7th Avenue 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 68 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 200 days and tend to sell above the original asking price of $785,000 by 1.17%. Meaning, listings tend to sell at a median of $905 price per square foot. The transaction that took the longest to complete was unit 3D, listed on Feb 17, 2022 for $769,000. This particular unit ultimately sold 200 days later for $778,000. The most recent transaction was for unit 2G, sold for $380,000 on Jun 22, 2023. Fun fact, the oldest transaction we have on record took place on Oct 21, 1975. See the full transaction history for 5008 7th Avenue below.

Sunset Park, where 5008 7th 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 $785,000. For interested buyers, that means the building's median asking price is around 0.49% 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.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.