501 West 122nd Street

501 West 122nd Street is a Co-op located in Morningside Heights, New York. The building was first built in 1901 and is 123 years old. It was first renovated and altered in 1987. The lot that the building was built on is 51 feet wide and 100 feet long. The official lot area is listed as 5,092 square feet. The building itself is 49 feet wide and 88 feet long. In total, 501 West 122nd Street has a total floor area of 24,248 square feet. Of that, 19,955 square feet are used for residential purposes. About 4,293 square feet of the building are used for commercial purposes. There are a total of 31 units. Of those, 29 are residential units. There are two commercial units. 501 West 122nd 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. 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 50 closings on record, of which we have matching data for 22 listings. In the past 3 years, a listing in this building will typically remain on the market for about 132 days and tend to sell below the original asking price of $539,500 by 3.30%. Meaning, listings tend to sell at a median of $715 price per square foot. The transaction that took the longest to complete was unit E1, listed on Nov 14, 2021 for $575,000. This particular unit ultimately sold 241 days later for $556,000. The most recent transaction was for unit 4, sold for $663,000 on Oct 28, 2022. Fun fact, the oldest transaction we have on record took place on Apr 19, 1966. See the full transaction history for 501 West 122nd Street below.

Morningside Heights, where 501 West 122nd Street is located, has a median asking price of $940,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $539,500. For interested buyers, that means the building's median asking price is around 0.43% 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 $715,000. It is a 2-bedroom and 1-bathroom unit.