Meadowwood East At Gateway

Meadowwood East At Gateway is a condo located 971 Jerome Street, in East New York, Brooklyn. The building was first built in 0 and is 2024 years old. The official lot area is listed as 456,479 square feet. In total, 971 Jerome Street has a total floor area of 423,957 square feet. Of that, 421,960 square feet are used for residential purposes. About 1,997 square feet of the building are used for commercial purposes. There are a total of 542 units. Of those, 540 are residential units. There are 2 commercial units. Thankfully, the building is equipped with elevator service. Residents can acccess the 2 elevators in 971 Jerome Street.

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. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Both dogs and cats are allowed in the building! There are 199 closings on record, of which we have matching data for 29 listings. In the past 3 years, a listing in this building will typically remain on the market for about 139 days and tend to sell above the original asking price of $290,000 by 13.11%. Meaning, listings tend to sell at a median of $377 price per square foot. The transaction that took the longest to complete was unit 1E, listed on Jul 16, 2020 for $350,000. This particular unit ultimately sold 278 days later for $345,000. The most recent transaction was for unit 8D, sold for $317,004 on Nov 09, 2023. Fun fact, the oldest transaction we have on record took place on Jun 23, 1994. See the full transaction history for Meadowwood East At Gateway below.

East New York, where 971 Jerome Street is located, has a median asking price of $389,000 for condo buildings. Meanwhile, the building itself has a median asking price of $290,000. For interested buyers, that means the building's median asking price is around 0.25% 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.