1171 Ocean Parkway

1171 Ocean Parkway is a Co-op located in Midwood, Brooklyn. The building was first built in 1940 and is 84 years old. The lot that the building was built on is 140 feet wide and 150 feet long. The official lot area is listed as 21,000 square feet. The building itself is 140 feet wide and 102 feet long. In total, 1171 Ocean Parkway has a total floor area of 70,800 square feet. Of that, 70,800 square feet are used for residential purposes. There are a total of 65 units. Of those, 65 are residential units. 1171 Ocean 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 42 closings on record, of which we have matching data for 14 listings. In the past 3 years, a listing in this building will typically remain on the market for about 194 days and tend to sell below the original asking price of $312,000 by 3.25%. Meaning, listings tend to sell at a median of $336 price per square foot. The transaction that took the longest to complete was unit 5G, listed on Apr 06, 2021 for $449,000. This particular unit ultimately sold 331 days later for $415,000. The most recent transaction was for unit 1A, which was first advertised on Dec 22, 2022, sold for $285,000 on Nov 07, 2023. Fun fact, the oldest transaction we have on record took place on Jan 24, 1972. See the full transaction history for 1171 Ocean Parkway below.

Midwood, where 1171 Ocean Parkway is located, has a median asking price of $410,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $312,000. For interested buyers, that means the building's median asking price is around 0.24% 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 $449,000. It is a 2-bedroom and 1-bathroom unit.