Village Terrace

Village Terrace is a condo located 71 Village Road North, in Gravesend, Brooklyn. The building was first built in 2006 and is 18 years old. The lot that the building was built on is 166 feet wide and 99 feet long. The official lot area is listed as 15,903 square feet. The building itself is 145 feet wide and 60 feet long. In total, 71 Village Road North has a total floor area of 53,309 square feet. Of that, 51,014 square feet are used for residential purposes. About 2,295 square feet of the building are used for commercial purposes. Additionally, the building has a 2,295 square feet garage. There are a total of 63 units. Of those, 42 are residential units. There are 21 commercial units. 71 Village Road North 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. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 74 closings on record, of which we have matching data for 9 listings. In the past 3 years, a listing in this building will typically remain on the market for about 132 days and tend to sell below the original asking price of $663,000 by 8.59%. Meaning, listings tend to sell at a median of $612 price per square foot. The transaction that took the longest to complete was unit 3D, listed on Feb 22, 2021 for $720,000. This particular unit ultimately sold 316 days later for $640,000. The most recent transaction was for unit 5C, sold for $715,000 on Sep 12, 2023. Fun fact, the oldest transaction we have on record took place on Oct 23, 1974. See the full transaction history for Village Terrace below.

Gravesend, where 71 Village Road North is located, has a median asking price of $579,000 for condo buildings. Meanwhile, the building itself has a median asking price of $663,000. For interested buyers, that means the building's median asking price is around 1.04% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit 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.