Florence

Florence is a Co-op located 546 40th Street, in Sunset Park, Brooklyn. The building was first built in 1920 and is 104 years old. The lot that the building was built on is 50 feet wide and 100 feet long. The official lot area is listed as 5,008 square feet. The building itself is 50 feet wide and 88 feet long. In total, 546 40th Street has a total floor area of 14,072 square feet. Of that, 14,072 square feet are used for residential purposes. There are a total of 16 units. Of those, 16 are residential units. 546 40th 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. Love to bike? Store your bike in the building's bike storage rather than your own apartment. Alternatively, take a stroll around the building's courtyard. 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 21 closings on record, of which we have matching data for 10 listings. In the past 3 years, a listing in this building will typically remain on the market for about 200 days Meaning, listings tend to sell at a median of $692 price per square foot. The transaction that took the longest to complete was unit C, listed on Mar 09, 2023 for $595,000. This particular unit ultimately sold 348 days later for $550,000. The most recent transaction was for unit C, which was first advertised on Mar 09, 2023, sold for $550,000 on Feb 20, 2024. Fun fact, the oldest transaction we have on record took place on Jul 07, 2004. See the full transaction history for Florence below.

Sunset Park, where 546 40th 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 $579,000. For interested buyers, that means the building's median asking price is around 0.32% 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 $525,000. It is a 2-bedroom and 1-bathroom unit.