Space For The Arts

Space For The Arts is a Co-op located 702 49th Street, in Sunset Park, Brooklyn. The building was first built in 1906 and is 118 years old. The lot that the building was built on is 25 feet wide and 100 feet long. The official lot area is listed as 2,517 square feet. The building itself is 25 feet wide and 90 feet long. In total, 702 49th Street has a total floor area of 6,805 square feet. Of that, 6,805 square feet are used for residential purposes. There are a total of 6 units. Of those, 6 are residential units. 702 49th Street has a total of 3 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. For your convenience, laundry is located in the building. There are 10 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 161 days and tend to sell above the original asking price of $589,000 by 1.87%. Meaning, listings tend to sell at a median of $736 price per square foot. The transaction that took the longest to complete was unit 3R, listed on Apr 19, 2016 for $589,000. This particular unit ultimately sold 161 days later for $600,000. The most recent transaction was for unit 3R, which was first advertised on Apr 19, 2016, sold for $600,000 on Sep 28, 2016. Fun fact, the oldest transaction we have on record took place on May 01, 1967. See the full transaction history for Space For The Arts below.

Sunset Park, where 702 49th 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 $589,000. For interested buyers, that means the building's median asking price is around 0.31% 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.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.