The Summit

The Summit is a condo located 62-54 97th Place, in Rego Park, Rego Park. The building was first built in 1988 and is 36 years old. The official lot area is listed as 50,500 square feet. In total, 62-54 97th Place has a total floor area of 210,198 square feet. Of that, 158,345 square feet are used for residential purposes. About 51,853 square feet of the building are used for commercial purposes. Additionally, the building has a 17,434 square feet garage. There are a total of 437 units. Of those, 206 are residential units. There are 231 commercial units. 62-54 97th Place has a total of 17 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 580 closings on record, of which we have matching data for 42 listings. In the past 3 years, a listing in this building will typically remain on the market for about 127 days and tend to sell below the original asking price of $499,000 by 6.11%. Meaning, listings tend to sell at a median of $777 price per square foot. The transaction that took the longest to complete was unit 5O, listed on Apr 06, 2021 for $788,000. This particular unit ultimately sold 357 days later for $720,000. The most recent transaction was for unit 14B, which was first advertised on Sep 25, 2023, sold for $516,888 on Jan 30, 2024. Fun fact, the oldest transaction we have on record took place on Apr 19, 1989. See the full transaction history for The Summit below.

Rego Park, where 62-54 97th Place is located, has a median asking price of $749,210 for condo buildings. Meanwhile, the building itself has a median asking price of $499,000. For interested buyers, that means the building's median asking price is around 0.33% 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 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 $899,000. It is a 2 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $698,000. It is a 2 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, 2 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $798,500. Active units for sale at 62-54 97th Place are mostly 2-bedroom apartments Active units for sale at 62-54 97th Place have a median count of 2 bedrooms and have a median count of 2 bathrooms.