531 41st Street

531 41st Street is a Co-op located in Sunset Park, Brooklyn. The building was first built in 1927 and is 97 years old. The lot that the building was built on is 100 feet wide and 100 feet long. The official lot area is listed as 10,017 square feet. The building itself is 100 feet wide and 88 feet long. In total, 531 41st Street has a total floor area of 27,614 square feet. Of that, 27,614 square feet are used for residential purposes. There are a total of 40 units. Of those, 40 are residential units. 531 41st Street has a total of 4 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. For your convenience, laundry is located in the building. Alternatively, take a stroll around the building's garden. There are 42 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 134 days and tend to sell below the original asking price of $382,500 by 5.17%. Meaning, listings tend to sell at a median of $786 price per square foot. The transaction that took the longest to complete was unit A10, listed on Aug 15, 2020 for $290,000. This particular unit ultimately sold 256 days later for $275,000. The most recent transaction was for unit C8, which was first advertised on Jun 05, 2023, sold for $375,000 on Nov 30, 2023. Fun fact, the oldest transaction we have on record took place on May 16, 2005. See the full transaction history for 531 41st Street below.

Sunset Park, where 531 41st Street is located, has a median asking price of $850,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $382,500. For interested buyers, that means the building's median asking price is around 0.55% 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 $355,000. It is a 1-bedroom and 1-bathroom unit.