8701 Shore Road

8701 Shore Road is a Co-op located 8701 Shore Road, in Bay Ridge, Brooklyn. The building was first built in 1932 and is 92 years old. It was first renovated and altered in 2019. The lot that the building was built on is 200 feet wide and 225 feet long. The official lot area is listed as 52,333 square feet. The building itself is 224 feet wide and 261 feet long. In total, 8701 Shore Road has a total floor area of 222,787 square feet. Of that, 222,786 square feet are used for residential purposes. There are a total of 175 units. Of those, 174 are residential units. There is one commercial unit. 8701 Shore Road 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. Residents who own pets will be happy to hear that the building is pet-friendly. There are 146 closings on record, of which we have matching data for 34 listings. In the past 3 years, a listing in this building will typically remain on the market for about 176 days and tend to sell below the original asking price of $450,000 by 3.36%. Meaning, listings tend to sell at a median of $480 price per square foot. The transaction that took the longest to complete was unit 332, listed on Jul 20, 2020 for $400,000. This particular unit ultimately sold 318 days later for $400,000. The most recent transaction was for unit 120, which was first advertised on Mar 02, 2023, sold for $388,000 on Jun 14, 2023. Fun fact, the oldest transaction we have on record took place on Jul 24, 1970. See the full transaction history for 8701 Shore Road below.

Bay Ridge, where 8701 Shore Road is located, has a median asking price of $359,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $450,000. For interested buyers, that means the building's median asking price is around 0.25% 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 are currently 7 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 $555,000. 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 $410,000. It is a 1 bedroom and 1 bathroom unit. A breakdown of active listings shows 5 one-bedroom, 2 two-bedroom, units for sale! The median price of all the active units for sale in the building is $449,000. Collectively, the median square footage of these active units for sale is 850 sqft. Active units for sale at 8701 Shore Road have a median count of 1 bedrooms and have a median count of 1 bathroom.