7423 Ridge Owners

7423 Ridge Owners is a Co-op located 7423 Ridge Boulevard, in Bay Ridge, Brooklyn. The building was first built in 1957 and is 67 years old. The lot that the building was built on is 94 feet wide and 120 feet long. The official lot area is listed as 11,280 square feet. The building itself is 94 feet wide and 105 feet long. In total, 7423 Ridge Boulevard has a total floor area of 53,000 square feet. Of that, 51,000 square feet are used for residential purposes. About 2,000 square feet of the building are used for commercial purposes. Additionally, the building has a 2,000 square feet garage. There are a total of 52 units. Of those, 52 are residential units. 7423 Ridge Boulevard 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. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Residents who own pets will be happy to hear that the building is pet-friendly. There are 57 closings on record, of which we have matching data for 10 listings. In the past 3 years, a listing in this building will typically remain on the market for about 178 days and tend to sell below the original asking price of $364,500 by 52.50%. Meaning, listings tend to sell at a median of $490 price per square foot. The transaction that took the longest to complete was unit 6G, listed on May 10, 2022 for $475,000. This particular unit ultimately sold 274 days later for $370,000. The most recent transaction was for unit 5D, sold for $460,000 on Jan 31, 2024. Fun fact, the oldest transaction we have on record took place on Jun 15, 1982. See the full transaction history for 7423 Ridge Owners below.

Bay Ridge, where 7423 Ridge Boulevard is located, has a median asking price of $358,888 for co-op buildings. Meanwhile, the building itself has a median asking price of $364,500. For interested buyers, that means the building's median asking price is around 0.02% 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 is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $379,000. It is a 1-bedroom and 1-bathroom unit.