7002 Ridge Owners

7002 Ridge Owners is a Co-op located 7002 Ridge Boulevard, in Bay Ridge, Brooklyn. The building was first built in 1931 and is 93 years old. It was first renovated and altered in 1995. But was most recently renovated and altered in 2017. The lot that the building was built on is 168 feet wide and 100 feet long. The official lot area is listed as 17,000 square feet. The building itself is 168 feet wide and 87 feet long. In total, 7002 Ridge Boulevard has a total floor area of 81,276 square feet. Of that, 81,276 square feet are used for residential purposes. There are a total of 83 units. Of those, 83 are residential units. 7002 Ridge Boulevard has a total of 6 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. For your convenience, laundry is located in the building. There are 77 closings on record, of which we have matching data for 24 listings. In the past 3 years, a listing in this building will typically remain on the market for about 169 days and tend to sell below the original asking price of $298,000 by 5.63%. Meaning, listings tend to sell at a median of $433 price per square foot. The transaction that took the longest to complete was unit A9, listed on Jul 02, 2015 for $225,000. This particular unit ultimately sold 342 days later for $235,000. The most recent transaction was for unit D1, which was first advertised on Jan 11, 2023, sold for $305,000 on May 22, 2023. Fun fact, the oldest transaction we have on record took place on Mar 04, 1968. See the full transaction history for 7002 Ridge Owners below.

Bay Ridge, where 7002 Ridge Boulevard is located, has a median asking price of $359,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $298,000. For interested buyers, that means the building's median asking price is around 0.17% 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 $249,999. It is a 1-bedroom and 1-bathroom unit.