401 Bay Ridge Pkwy

401 Bay Ridge Pkwy is a Co-op located 7401 4th Avenue, in Bay Ridge, Brooklyn. The building was first built in 1924 and is 102 years old. The lot that the building was built on is 140 feet wide and 106 feet long. The official lot area is listed as 14,700 square feet. The building itself is 140 feet wide and 97 feet long. In total, 7401 4th Avenue has a total floor area of 64,152 square feet. Of that, 62,902 square feet are used for residential purposes. About 1,250 square feet of the building are used for commercial purposes. There are a total of 65 units. Of those, 63 are residential units. There are two commercial units. 7401 4th Avenue has a total of 6 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. Only cats are allowed in the building. There are 81 closings on record, of which we have matching data for 17 listings. In the past 3 years, a listing in this building will typically remain on the market for about 163 days and tend to sell below the original asking price of $344,000 by 7.25%. Meaning, listings tend to sell at a median of $493 price per square foot. The transaction that took the longest to complete was unit F11, listed on Mar 16, 2021 for $345,000. This particular unit ultimately sold 324 days later for $315,000. The most recent transaction was for unit B6, which was first advertised on Dec 12, 2022, sold for $450,000 on Aug 21, 2023. Fun fact, the oldest transaction we have on record took place on Sep 27, 1974. See the full transaction history for 401 Bay Ridge Pkwy below.

Bay Ridge, where 7401 4th Avenue is located, has a median asking price of $369,999 for co-op buildings. Meanwhile, the building itself has a median asking price of $344,000. For interested buyers, that means the building's median asking price is around 0.07% 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 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 $325,000. It is a 600 sqft 1 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $320,000. It is a 1 bedroom and 1 bathroom unit. A breakdown of active listings shows 2 one-bedroom, units for sale! The median price of all the active units for sale in the building is $322,500. Collectively, the median square footage of these active units for sale is 300 sqft. Active units for sale at 7401 4th Avenue have a median count of 1 bedrooms and have a median count of 1 bathroom.