8721 Bay Parkway

8721 Bay Parkway is a Co-op located in Gravesend, Brooklyn. The building was first built in 1954 and is 70 years old. The lot that the building was built on is 200 feet wide and 97 feet long. The official lot area is listed as 19,332 square feet. The building itself is 200 feet wide and 86 feet long. In total, 8721 Bay Parkway has a total floor area of 65,292 square feet. Of that, 65,292 square feet are used for residential purposes. There are a total of 60 units. Of those, 60 are residential units. 8721 Bay Parkway 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 40 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 207 days and tend to sell above the original asking price of $299,000 by 8.19%. Meaning, listings tend to sell at a median of $295 price per square foot. The transaction that took the longest to complete was unit 2J, listed on Dec 18, 2021 for $299,000. This particular unit ultimately sold 207 days later for $323,500. The most recent transaction was for unit 2J, which was first advertised on Dec 18, 2021, sold for $323,500 on Jul 14, 2022. Fun fact, the oldest transaction we have on record took place on Dec 13, 2004. See the full transaction history for 8721 Bay Parkway below.

Gravesend, where 8721 Bay Parkway is located, has a median asking price of $325,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $299,000. For interested buyers, that means the building's median asking price is around 0.08% 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 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 $250,000. It is a 700 sqft 1-bedroom and 1-bathroom unit.