Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $365,000

Listed at $375,000 · Sold 2.7% below asking · Closed June 22, 2022

Closed For Sale Co-op

$375,000

$441 per sq ft

243 78th Street #K2

Bay Ridge, Brooklyn

MLS® #RLS10778772

RLS at REBNY

Listing by Remax Edge

1

Bedroom

1

Bath

850

Sq. Ft.

1940

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 850 sq ft
Year Built 1940
Ownership Co-op
Maintenance $611/mo
Neighborhood Bay Ridge
Floor 2

Property Highlights

  • Views: City
  • Character: Pre-war building (1940)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 2
View City
Cooling None
Pets Yes
Cross Street 3rd Avenue/Ridge Boulevard
Year Built 1940
Living Area 850 sq ft

Listing History

Event Date Price Change
Listed May 12, 2021 $375,000 -
Price Reduced Feb 9, 2022 $385,000 +2.7%

Description

Bay Ridge. Perfect location. Pristine Co-op. A 2nd floor expansive pre-war co-op with plentiful living space, offers endless possibilities of creating your own home. The EIK features an abundance of cabinets, counter space and granite floors. The large foyer area can easily accommodate a dining area or home office. The spacious and grand living room 20.3 x 11.10 has parquet floors & has natural northern light. The massive king sized bedroom has 2 windows & 2 gigantic closets . The windowed bath has been updated with new tiles & vanity. This co-op features beautiful pre-war details of parquet floors, high ceilings, original built-in bookcases, detailed archways, new windows and 5 generous closets. Other amenities include a resident super, laundry room bike area, storage rooms, & is pet friendly. The Fairffax House Co-op has an elegant lobby that is seasonally decorated.This bldg is peacefully hidden between the enjoyable attractions of Third Avenue with its fine dining, gourmet markets, shopping; and still only minutes away from desirable Shore Road Promenade, Narrows Botanical Gardens, NYC ferry as well as public transportation. Its rare to have reasonable maint of only $611.80 for such impressive space.





Features & Amenities

Interior Features

Common Area

Financial Details

Maintenance $611/mo
Sale Price $365,000
Previous Price $385,000

Bay Ridge is a historic neighborhood in Southwest Brooklyn with views of the Verrazzano-Narrows Bridge and New York Harbor. Commercial corridors along 3rd and 5th Avenues run through the area, and the housing stock includes historic row houses, pre-war cooperatives, and modern condominiums, with Shore Road Park and the waterfront promenade to the west.

Bay Ridge Live Market Data

View Neighborhood

Active Listings

32

Median Asking Price

$1.25M

Median $/Sqft

$614

Avg Days on Market

N/A

New This Week

0

Price Reduced

34%

Sold (30 Days)

2

Median Sale Price

$509K

Live data from RLS at REBNY • Updated 5/2/26, 2:58 AM EST

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Location

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243 78th Street #K2, Bay Ridge, Kings County • Near 3rd Avenue/Ridge Boulevard

Virtual Tour

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Building Information

Official NYC property records for this building

1940
Year Built
86 years old
6
Floors
60
Residential Units
R4A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $2,433,150
Land Value: $198,450
Exemptions: $156,758

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 14,715 SF
Building Area: 61,800 SF
Built FAR: 4.2
Allowed FAR: 1

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $611 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 850 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1940, making it approximately 86 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $375,000 for 850 sq ft, the asking price per square foot is approximately $441. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10778772
First Listed: 5/12/2021
Price Changed: 2/9/2022
Closed: 6/22/2022
Contract Date: 5/12/2021

Listing Courtesy of Remax Edge - Marilee Pettet

Listing Contact: (718) 612-3088

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/2/2026 at 6:58 AM UTC

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