University Towers

University Towers is a Co-op located 122 Ashland Place, in Downtown Brooklyn, Brooklyn. The building was first built in 1958 and is 66 years old. It was first renovated and altered in 1985. The lot that the building was built on is 144 feet wide and 431 feet long. The official lot area is listed as 77,523 square feet. The building itself is 206 feet wide and 73 feet long. In total, 122 Ashland Place has a total floor area of 187,667 square feet. Of that, 187,667 square feet are used for residential purposes. There are a total of 184 units. Of those, 184 are residential units. 122 Ashland Place has a total of 15 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 152 closings on record, of which we have matching data for 49 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 below the original asking price of $605,500 by 6.30%. Meaning, listings tend to sell at a median of $773 price per square foot. The transaction that took the longest to complete was unit 4L, listed on Jun 12, 2020 for $810,000. This particular unit ultimately sold 361 days later for $759,000. The most recent transaction was for unit 9F, which was first advertised on Jun 12, 2023, sold for $355,000 on Feb 07, 2024. Fun fact, the oldest transaction we have on record took place on Jan 21, 1966. See the full transaction history for University Towers below.

Downtown Brooklyn, where 122 Ashland Place is located, has a median asking price of $840,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $605,500. For interested buyers, that means the building's median asking price is around 0.28% 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 are currently 4 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 $999,000. It is a 3 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $380,000. It is a studio and 1 bathroom unit. A breakdown of active listings shows 2 studio, 1 two-bedroom, 1 three-bedroom, units for sale! The median price of all the active units for sale in the building is $645,000. Collectively, the median square footage of these active units for sale is 6 sqft. Active units for sale at 122 Ashland Place have a median count of 1 bedrooms and have a median count of 1.5 bathrooms.