720 NOSTRAND AVE #PH

Condo in Crown Heights
In Contract
 for Sale at 720 Nostrand Avenue, Brooklyn, NY 11216

15

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 for Sale at 720 Nostrand Avenue, Brooklyn, NY 11216
 for Sale at 720 Nostrand Avenue, Brooklyn, NY 11216
 for Sale at 720 Nostrand Avenue, Brooklyn, NY 11216
$1,295,000
2
Beds
2
Baths
Half Bath
Ft²
$/ft²
Acres
Cap Rate
Est. Monthly
Cap Rate
1.33%
Est. Monthly
$8,225
Luxurious Indoor-Outdoor Penthouse in Crown Heights

Enchanting sunrise and sunset light abounds in this pristine floor-through penthouse, a stylish 2-bedroom, 2-bathroom condo offering private terrace living in the heart of Crown Heights.  

The home begins with an open-concept living room, dining room, and kitchen with French door access to huge west-facing sunset terrace perfect for alfresco meals, morning coffee, evening drinks, and more. The kitchen is adorned with an eat-in peninsula, sleek stone countertops, a white subway tile backsplash, and high-end stainless steel appliances including a gas-burning stove.

The primary suite enjoys direct access to an east-facing sunrise terrace ideal for outdoor yoga, urban gardening, and midday...

Building Features

Facilities

Storage Available

Outdoor Space

GardenRoof DeckTerrace

Laundry

Washer / Dryer Allowed

Condition

New Construction

Home Features

HVAC

Central A/C

Laundry

Washer / Dryer in UnitWasher / Dryer Allowed in Unit

Outdoor Space

BalconyPrivate Terrace

View

City View

Price History

Date/EventEventPrice
Mar 13, 2023 In contractIn contract-
Jan 31, 2023 Listed by SerhantListed by Serhant$1,295,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$39,600
ExpensesPer Year
$22,392
Operating ProfitPer Year
$17,208
Cap rate
1.33%

Price Estimate

$1,500,000$1,307,950$1,115,900
20232024202520262027
Current Asking Price

$1,295,000

HopScore Market Price

$1,307,950

The current asking price is $12,950 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Sold
Condo
2
2
1,059 ft²
$1,232/ft²
$1,305,000
$795/mo
Sold
Condo
2
2.5
1,661 ft²
$774/ft²
$1,285,000
$1,007/mo
Sold
Condo
2
2
-
$1,385,000
$266/mo
Sold
Condo
2
2.5
1,661 ft²
$840/ft²
$1,395,000
$1,007/mo
Sold
Condo
2
2
976 ft²
$1,153/ft²
$1,125,000
$1,403/mo

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Building Info

Urban Nostrand720 Nostrand Avenue, Brooklyn, NY 11216
  • 1 Unit for Sale
More about this Building
720 Nostrand Avenue
Want to find out who owns 720 Nostrand Avenue, Brooklyn, NY 11216? Get detailed property transactions here .

Neighborhood

About Crown Heights

Stats & Trends

The median asking price in Crown Heights is $750,000.
  • Median Asking

    $750,000
  • Sale Price/ft²

    $667.81
  • Below Asking

    0.02%
  • Days on Market

    104

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Sales History

UnitBedsBathsft²Asking
Common Charges
Listed
Listing Status
Closed
Days on Market
Closing
Above/Below Asking
Buyer(s)
2
2
-
$1,295,000
-/mo
Jan 31, 2023
Active
-
-
-
-
2
2
1,022
$1,149,000
$1,474/mo
Nov 29, 2021
Sold
Apr 7, 2022
129 days
$1,090,000
-5.13%
2
2
1,021
$855,000
$1,276/mo
Apr 19, 2018
Sold
Dec 14, 2018
239 days
$865,512
+1.23%
2
2
1,021
$845,000
$1,265/mo
Feb 11, 2018
Sold
Dec 6, 2018
298 days
$850,239
+0.62%
2
2
1,028
$965,000
-/mo
Nov 20, 2017
Expired
-
-
-
-
-
2
2
1,043
$960,000
-/mo
Nov 20, 2017
Sold
Dec 13, 2018
388 days
$860,000
-10.42%
-
2
2
1,022
$975,000
-/mo
Nov 18, 2017
Expired
-
-
-
-
-
2
2
1,042
$980,000
-/mo
Nov 16, 2017
Expired
-
-
-
-
-
2
2
1,042
$970,000
-/mo
Nov 16, 2017
Expired
-
-
-
-
-
2
2
1,027
$1,399,000
-/mo
Nov 2, 2017
Expired
-
-
-
-
-

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Unit #PH, 720 Nostrand Avenue, Brooklyn, NY 11216


Frequently Asked Questions

What is the median home price in Central Brooklyn?
The median home price in Central Brooklyn is $749,000, or $587/sqft. When you buy a home in Central Brooklyn, you can expect to pay between $465,000 to $1,249,750. These figures may differ depending on the location, type, and size of the property.
What is the median home price for a Studio in Central Brooklyn?
The median home price for a studio in Central Brooklyn is $885,000, or $472/sqft.
What is the median home price for a One-Bedroom in Central Brooklyn?
The median home price for a one-bedroom home in Central Brooklyn is $429,500, or $714/sqft.
What is the median home price for a Two-Bedroom in Central Brooklyn?
The median home price for a two-bedroom home in Central Brooklyn is $622,000, or $655/sqft.
What is the median home price for a Three-Bedroom in Central Brooklyn?
The median home price for a three-bedroom home in Central Brooklyn is $750,000, or $615/sqft.
What is the median home price for a Four+ Bedroom in Central Brooklyn?
The median home price for a four+ bedroom home in Central Brooklyn is $1,350,000, or $515/sqft.
What is the breakdown of listings by bedroom count in Central Brooklyn?
There are currently 678 available properties for sale in Central Brooklyn. Of those, 12.39% are studio listings, 23.45% are one-bedroom listings, 20.65% are two-bedroom listings, 12.39% are three-bedroom listings, and 31.12% are four+ bedroom listings.
What is the breakdown of listings by property type in Central Brooklyn?
There are currently 184 condos, 77 houses, 130 townhouses, and 112 multifamilies located in Central Brooklyn. Our inventory of available listings is constantly being updated so be sure to check back frequently.
What is the least expensive property sold in the past 12 months in Central Brooklyn?
The least expensive property sold in Central Brooklyn for $2,400.
Now, what is the most expensive property sold in the past 12 months in Central Brooklyn?
The most expensive property sold in Central Brooklyn for $55,000,000.
How long on average are properties in Central Brooklyn on the market?
Based on our collected data, properties in Central Brooklyn are on the market for a median time of 104 days.

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