Kensington Loft Corp

Kensington Loft Corp is a Co-op located 73 5th Avenue, in Flatiron District, New York. The building was first built in 1907 and is 117 years old. It was first renovated and altered in 2005. The lot that the building was built on is 39 feet wide and 125 feet long. The official lot area is listed as 6,350 square feet. The building itself is 38 feet wide and 125 feet long. In total, 73 5th Avenue has a total floor area of 52,396 square feet. Of that, 46,424 square feet are used for residential purposes. About 5,972 square feet of the building are used for commercial purposes. There are a total of 21 units. Of those, 17 are residential units. There are four commercial units. 73 5th Avenue has a total of 11 floors. Thankfully, the building is equipped with elevator service. Residents can access the five elevators in 73 5th Avenue.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. For your convenience, laundry is located in the building. Better yet, washer and dryers are allowed in each unit. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 24 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 159 days Meaning, listings tend to sell at a median of $1,508 price per square foot. The transaction that took the longest to complete was unit 10B, listed on Nov 20, 2019 for $5,495,000. This particular unit ultimately sold 170 days later for $4,950,000. The most recent transaction was for unit 10A, sold for $2,995,000 on Oct 04, 2023. Fun fact, the oldest transaction we have on record took place on Apr 13, 1972. See the full transaction history for Kensington Loft Corp below.

Flatiron District, where 73 5th Avenue is located, has a median asking price of $750,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $4,812,500. For interested buyers, that means the building's median asking price is around 5.42% 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.

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.