7101 Colonial Road

7101 Colonial Road is a Co-op located in Bay Ridge, Brooklyn. The building was first built in 1928 and is 96 years old. It was first renovated and altered in 2011. The lot that the building was built on is 169 feet wide and 160 feet long. The official lot area is listed as 26,960 square feet. The building itself is 168 feet wide and 150 feet long. In total, 7101 Colonial Road has a total floor area of 142,396 square feet. Of that, 142,396 square feet are used for residential purposes. There are a total of 119 units. Of those, 119 are residential units. 7101 Colonial Road has a total of 6 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Both dogs and cats are allowed in the building! There are 105 closings on record, of which we have matching data for 19 listings. In the past 3 years, a listing in this building will typically remain on the market for about 128 days and tend to sell below the original asking price of $315,000 by 5.19%. Meaning, listings tend to sell at a median of $433 price per square foot. The transaction that took the longest to complete was unit R1G, listed on Jul 29, 2013 for $250,000. This particular unit ultimately sold 289 days later for $230,000. The most recent transaction was for unit R5D, which was first advertised on Apr 25, 2023, sold for $353,000 on Nov 14, 2023. Fun fact, the oldest transaction we have on record took place on Oct 10, 1973. See the full transaction history for 7101 Colonial Road below.

Bay Ridge, where 7101 Colonial Road is located, has a median asking price of $358,888 for co-op buildings. Meanwhile, the building itself has a median asking price of $315,000. For interested buyers, that means the building's median asking price is around 0.12% 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 4 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 $625,000. 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 $288,800. It is a 1 bedroom and 1 bathroom unit. A breakdown of active listings shows 3 one-bedroom, 1 two-bedroom, units for sale! The median price of all the active units for sale in the building is $330,000. Collectively, the median square footage of these active units for sale is 403 sqft. Active units for sale at 7101 Colonial Road have a median count of 1 bedrooms and have a median count of 1 bathroom.