503 8th Avenue

503 8th Avenue is a condo located in Central Slope, Brooklyn. The building was first built in 1910 and is 114 years old. The lot that the building was built on is 20 feet wide and 108 feet long. The official lot area is listed as 2,157 square feet. The building itself is 20 feet wide and 87 feet long. In total, 503 8th Avenue has a total floor area of 4,410 square feet. Of that, 4,410 square feet are used for residential purposes. There are a total of 4 units. Of those, 4 are residential units. There are no commercial units in this building. 503 8th Avenue has a total of 4 floors. Thankfully, the building is equipped with elevator service.

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 9 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 84 days Meaning, listings tend to sell at a median of $1,083 price per square foot. The transaction that took the longest to complete was unit 3, listed on Jun 13, 2014 for $1,195,000. This particular unit ultimately sold 89 days later for $1,195,000. The most recent transaction was for unit 4, which was first advertised on Sep 14, 2021, sold for $1,599,000 on Dec 01, 2021. Fun fact, the oldest transaction we have on record took place on May 24, 2000. See the full transaction history for 503 8th Avenue below.

Central Slope, where 503 8th 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 $1,397,000. For interested buyers, that means the building's median asking price is around 0.08% 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 $1,725,000. It is a 1,104 sqft 3-bedroom and 2-bathroom unit.