Michele Towers

Michele Towers is a Co-op located 75-40 Austin Street, in Forest Hills, Forest Hills. The building was first built in 1940 and is 84 years old. The lot that the building was built on is 233 feet wide and 101 feet long. The official lot area is listed as 22,900 square feet. The building itself is 233 feet wide and 80 feet long. In total, 75-40 Austin Street has a total floor area of 99,600 square feet. Of that, 99,600 square feet are used for residential purposes. There are a total of 96 units. Of those, 96 are residential units. 75-40 Austin Street 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. There are 98 closings on record, of which we have matching data for 21 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 $340,000 by 2.82%. Meaning, listings tend to sell at a median of $411 price per square foot. The transaction that took the longest to complete was unit 6EL, listed on Jun 04, 2019 for $249,000. This particular unit ultimately sold 363 days later for $228,500. The most recent transaction was for unit 3GL, which was first advertised on Jul 23, 2023, sold for $357,000 on Nov 28, 2023. Fun fact, the oldest transaction we have on record took place on Jul 19, 1967. See the full transaction history for Michele Towers below.

Forest Hills, where 75-40 Austin Street is located, has a median asking price of $350,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $340,000. For interested buyers, that means the building's median asking price is around 0.03% 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 3 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 $473,000. It is a 2 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $218,888. It is a studio and 1 bathroom unit. A breakdown of active listings shows 1 studio, 1 one-bedroom, 1 two-bedroom, units for sale! The median price of all the active units for sale in the building is $460,000. Active units for sale at 75-40 Austin Street have a median count of 1 bedrooms and have a median count of 1 bathroom.