762 Park Place

762 Park Place is a condo located in Crown Heights, Brooklyn. The building was first built in 2016 and is 8 years old. The lot that the building was built on is 50 feet wide and 128 feet long. The official lot area is listed as 8,695 square feet. The building itself is 50 feet wide and 98 feet long. In total, 762 Park Place has a total floor area of 24,342 square feet. Of that, 23,892 square feet are used for residential purposes. About 450 square feet of the building are used for commercial purposes. Additionally, the building has a 450 square feet garage. There are a total of 35 units. Of those, 23 are residential units. There are 12 commercial units. 762 Park Place has a total of 7 floors. Thankfully, the building is equipped with elevator service.

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. Better yet, washer and dryers are allowed in each unit. 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. Both dogs and cats are allowed in the building! There are 37 closings on record, of which we have matching data for 8 listings. In the past 3 years, a listing in this building will typically remain on the market for about 110 days Meaning, listings tend to sell at a median of $1,125 price per square foot. The transaction that took the longest to complete was unit 2A, listed on May 09, 2017 for $685,000. This particular unit ultimately sold 366 days later for $748,414. The most recent transaction was for unit 3D, which was first advertised on Feb 03, 2023, sold for $1,286,610 on Aug 23, 2023. Fun fact, the oldest transaction we have on record took place on Apr 11, 1967. See the full transaction history for 762 Park Place below.

Crown Heights, where 762 Park Place is located, has a median asking price of $645,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,200,000. For interested buyers, that means the building's median asking price is around 1.93% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo 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 $1,325,000. It is a 3-bedroom and 2-bathroom unit.