507 East 12th Street

507 East 12th Street is a Co-op located in Alphabet City, New York. The building was first built in 1900 and is 124 years old. It was first renovated and altered in 1985. The lot that the building was built on is 25 feet wide and 103 feet long. The official lot area is listed as 2,581 square feet. The building itself is 25 feet wide and 50 feet long. In total, 507 East 12th Street has a total floor area of 8,750 square feet. Of that, 8,750 square feet are used for residential purposes. There are a total of 13 units. Of those, 13 are residential units. 507 East 12th Street has a total of 5 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. On weekends, residents can enjoy the building's deck. Residents who own pets will be happy to hear that the building is pet-friendly. Only cats are allowed in the building. There are 29 closings on record, of which we have matching data for 8 listings. In the past 3 years, a listing in this building will typically remain on the market for about 160 days Meaning, listings tend to sell at a median of $1,250 price per square foot. The transaction that took the longest to complete was unit 2A, listed on Sep 16, 2022 for $599,000. This particular unit ultimately sold 250 days later for $585,000. The most recent transaction was for unit 1B, which was first advertised on Dec 16, 2022, sold for $505,000 on May 25, 2023. Fun fact, the oldest transaction we have on record took place on Nov 16, 1966. See the full transaction history for 507 East 12th Street below.

Alphabet City, where 507 East 12th Street is located, has a median asking price of $1,190,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $599,000. For interested buyers, that means the building's median asking price is around 0.50% 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 $580,000. It is a 500 sqft 1-bedroom and 1-bathroom unit.