The Salem

The Salem is a Co-op located 72-15 37th Avenue, in Jackson Heights, Jackson Heights. The building was first built in 1937 and is 87 years old. The lot that the building was built on is 128 feet wide and 100 feet long. The official lot area is listed as 12,800 square feet. The building itself is 128 feet wide and 90 feet long. In total, 72-15 37th Avenue has a total floor area of 58,020 square feet. Of that, 58,020 square feet are used for residential purposes. There are a total of 54 units. Of those, 53 are residential units. There is one commercial unit. 72-15 37th Avenue 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. Residents who own pets will be happy to hear that the building is pet-friendly. There are 55 closings on record, of which we have matching data for 7 listings. In the past 3 years, a listing in this building will typically remain on the market for about 144 days Meaning, listings tend to sell at a median of $444 price per square foot. The transaction that took the longest to complete was unit 3C, listed on Sep 16, 2015 for $195,000. This particular unit ultimately sold 273 days later for $182,000. The most recent transaction was for unit 2E, sold for $0 on Dec 20, 2023. Fun fact, the oldest transaction we have on record took place on May 04, 1984. See the full transaction history for The Salem below.

Jackson Heights, where 72-15 37th Avenue is located, has a median asking price of $350,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $389,000. For interested buyers, that means the building's median asking price is around 0.11% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit 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 $449,000. It is a 1 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $250,000. It is a studio and 1 bathroom unit. A breakdown of active listings shows 1 studio, 1 one-bedroom, units for sale! The median price of all the active units for sale in the building is $349,500. Active units for sale at 72-15 37th Avenue have a median count of 0.5 bedrooms and have a median count of 1 bathroom.