Park Terrace Gardens

Park Terrace Gardens is a Co-op located 55 Park Terrace East, in Inwood, New York. The building was first built in 1939 and is 85 years old. It was first renovated and altered in 1986. The lot that the building was built on is 106 feet wide and 213 feet long. The official lot area is listed as 30,900 square feet. The building itself is 84 feet wide and 158 feet long. In total, 55 Park Terrace East has a total floor area of 87,400 square feet. Of that, 87,400 square feet are used for residential purposes. There are a total of 78 units. Of those, 78 are residential units. 55 Park Terrace East has a total of 9 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. There are 78 closings on record, of which we have matching data for 11 listings. In the past 3 years, a listing in this building will typically remain on the market for about 147 days Meaning, listings tend to sell at a median of $463 price per square foot. The transaction that took the longest to complete was unit B44, listed on Mar 28, 2019 for $669,000. This particular unit ultimately sold 341 days later for $655,000. The most recent transaction was for unit B28, sold for $425,000 on Jun 21, 2023. Fun fact, the oldest transaction we have on record took place on Sep 20, 1968. See the full transaction history for Park Terrace Gardens below.

Inwood, where 55 Park Terrace East is located, has a median asking price of $939,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $530,000. For interested buyers, that means the building's median asking price is around 0.44% 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 are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $529,990. It is a 2 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $499,000. It is a 950 sqft 2 bedroom and 1 bathroom unit. A breakdown of active listings shows 2 two-bedroom, units for sale! The median price of all the active units for sale in the building is $514,495. Collectively, the median square footage of these active units for sale is 475 sqft. Active units for sale at 55 Park Terrace East are mostly 2-bedroom apartments Active units for sale at 55 Park Terrace East have a median count of 2 bedrooms and have a median count of 1 bathroom.