The listing facts are current enough for an initial property review.
406 Midwood St # A
Listing Notes
NOW READY FOR IMMEDIATE OCCUPANCY. Introducing PHA at 406 Midwood Street - An absolutely perfect 1-bed, 1-bath penthouse with a private balcony in a stunning new development! Enter through the foyer into a bright and airy whitewashed space with high ceilings and wide-plank oak floors. The luminous living room has sliding wood and glass doors leading out to your private terrace. Back inside, the fully outfitted kitchen features stunning black cabinetry and matte black appliances, as well as polished Carrera white and gray marble backsplashes and white countertops. The bedroom is generously-sized and has a large closet, while the full bathroom features beautiful black & white Carrera marble walls and a glass-enclosed bathtub & rainfall shower. Central air, integrated LED lighting under cabinets and in-unit washer & dryer complete the standout features of this residence! Complete offering terms are in an offering plan available from the sponsor, file no. CD22-0197.For a limited time, get $16, 069 credit at closing which includes two years' worth of common charges and coverage of city and state transfer taxes. 406 Midwood is a striking new development in the heart of Prospect Lefferts Gardens, inspired by the Art Deco movement. The building offers 10 distinguished residences with most units offering private outdoor spaces, as well as a beautiful courtyard and roof deck. Perfectly situated in PLG, residents are just a few blocks away from Prospect Park as well as the 2/5/B/Q/S subway lines and several bus routes. Cherished local markets (including Flatbush Coop), independent cafes and restaurants dot the quiet residential streets. There are multiple parks, hospitals, public and private schools as well as houses of worship, with something for everyone in this vibrant neighborhood.
Market Insights
$983/sqft vs a nearby median of $940/sqft.
- +4.6% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 590 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 5.2% below the fair value — likely to draw competing offers if it's still on market.
- Days-on-market gravity−$18k −3.0%
- Modern construction+$9k +1.5%
- Transit access+$3k +0.5%
Property Read
The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 746 days
- Last price change
- No change recorded
- Listed
- Apr 26, 2024
- Photos
- 13 photos
- Property type
- condos
- Status
- for sale
Features & Amenities
Photos
Building Facts
- Year built
- 2023
- Stories
- 4
- Total units
- 10
- Residential units
- 10
- Building area
- 8,545 sqft
- Lot size
- 3,600 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- R1
From NYC public records where available.