871 50th Street

871 50th Street is a condo located in Sunset Park, Brooklyn. The building was first built in 2008 and is 18 years old. It was first renovated and altered in 2007. The lot that the building was built on is 40 feet wide and 100 feet long. The official lot area is listed as 4,007 square feet. The building itself is 40 feet wide and 80 feet long. In total, 871 50th Street has a total floor area of 13,918 square feet. Of that, 8,591 square feet are used for residential purposes. About 5,327 square feet of the building are used for commercial purposes. Additionally, the building has a 918 square feet garage. There are a total of 21 units. Of those, 13 are residential units. There are 8 commercial units. 871 50th 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 33 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 97 days and tend to sell below the original asking price of $350,000 by 17.14%. Meaning, listings tend to sell at a median of $856 price per square foot. The transaction that took the longest to complete was unit 4A, listed on Apr 27, 2022 for $350,000. This particular unit ultimately sold 97 days later for $290,000. The most recent transaction was for unit 5A, sold for $0 on Oct 24, 2022. Fun fact, the oldest transaction we have on record took place on Jan 04, 1988. See the full transaction history for 871 50th Street below.

Sunset Park, where 871 50th Street is located, has a median asking price of $1,650,000 for condo buildings. Meanwhile, the building itself has a median asking price of $350,000. For interested buyers, that means the building's median asking price is around 0.79% 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.