8428 Bay 16th Street

8428 Bay 16th Street is a condo located in Bensonhurst, Brooklyn. The building was first built in 1988 and is 36 years old. The lot that the building was built on is 45 feet wide and 114 feet long. The official lot area is listed as 5,156 square feet. The building itself is 28 feet wide and 81 feet long. In total, 8428 Bay 16th Street has a total floor area of 8,373 square feet. Of that, 8,373 square feet are used for residential purposes. There are a total of 8 units. Of those, 8 are residential units. There are no commercial units in this building. 8428 Bay 16th Street has a total of 4 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 24 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 126 days and tend to sell below the original asking price of $475,000 by 3.16%. Meaning, listings tend to sell at a median of $511 price per square foot. The transaction that took the longest to complete was unit 2, listed on May 26, 2021 for $475,000. This particular unit ultimately sold 126 days later for $460,000. The most recent transaction was for unit 5, sold for $0 on Jan 28, 2022. Fun fact, the oldest transaction we have on record took place on Aug 22, 1989. See the full transaction history for 8428 Bay 16th Street below.

Bensonhurst, where 8428 Bay 16th Street is located, has a median asking price of $699,000 for condo buildings. Meanwhile, the building itself has a median asking price of $475,000. For interested buyers, that means the building's median asking price is around 0.32% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo 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.