Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
701 Gerald Court #2E
Interested in this property?
Active For Sale Co-op

$270,000

$338 per sq ft

701 Gerald Court #2E

Sheepshead Bay, Brooklyn

MLS® #RLS20092519

RLS at REBNY

Listing by RE Max Edge Group

1

Bedroom

1

Bath

800

Sq. Ft.

1900

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 800 sq ft
Year Built 1900
Ownership Co-op
Maintenance $845/mo
Parking Garage
Neighborhood Sheepshead Bay
Floor 2 of 2

Property Highlights

  • Climate Control: Window Units
  • Parking: Private garage
  • Character: Pre-war building (1900)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 2 of 2
Heating None
Cooling Window Units
Pets Yes
Cross Street E 7TH ST.
Year Built 1900
Living Area 800 sq ft
Parking Garage Available
Parking Features Outside
Structure Type None
Furnished Unfurnished
Parcel # 07224-0037-00701-000-000002E
Block/Lot 07224/0037

Listing History

Event Date Price Change
Listed May 20, 2026 $270,000 -
Currently May 20, 2026 $270,000 -

Description

Welcome to this bright and spacious one bedroom, one bathroom co-op apartment located on the second floor of the desirable Lincoln Gardens cooperative in the heart of Sheepshead Bay. This inviting home features hardwood floors throughout, ample closet space, a separate windowed eat-in kitchen, and a windowed bathroom. The apartment has been well maintained and offers a great opportunity to add your own personal touch and updates over time. Maintenance includes all utilities and real estate taxes, providing excellent value and convenience. This well-maintained elevator building offers a variety of amenities including storage rooms, bike room, parking garages, and recreation areas for residents to enjoy. Conveniently located near shopping, restaurants, parks, and public transportation, this is a wonderful opportunity to own in one of Sheepshead Bays most desirable co-op communities.





Features & Amenities

Interior Features

Building None None

Building Information

Financial Details

Maintenance $845/mo

Sheepshead Bay is a scenic waterfront neighborhood in Southern Brooklyn, famous for its fishing fleet, piers, and seafood restaurants. The area offers a unique maritime atmosphere with a relaxed, residential vibe. The real estate market features a mix of traditional multi-family brick houses, spacious pre-war cooperatives, and a growing number of modern luxury condominiums that offer stunning views of the bay and easy access to the beaches of Coney Island and Manhattan Beach.

Sheepshead Bay Live Market Data

View Neighborhood

Active Listings

25

Median Asking Price

$449K

Median $/Sqft

$484

Avg Days on Market

N/A

New This Week

5

Price Reduced

32%

Sold (30 Days)

0

Median Sale Price

N/A

Live data from RLS at REBNY • Updated 5/20/26, 6:53 PM EST

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Location

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701 Gerald Court #2E, Sheepshead Bay, Kings County • Near E 7TH ST.

Building Information

Official NYC property records for this building

1953
Year Built
73 years old
6
Floors
54
Residential Units
R5
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $2,864,700
Land Value: $246,600
Exemptions: $170,576

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

Lot Area: 22,000 SF
Building Area: 58,902 SF
Built FAR: 2.68
Allowed FAR: 1.5

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 $845 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 800 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1900, making it approximately 126 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.

Pet policy requires confirmation with the listing broker.

At the current list price of $270,000 for 800 sq ft, the asking price per square foot is approximately $338. 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 [email protected]. 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: RLS20092519
First Listed: 5/20/2026
On Market: 5/20/2026
Price Changed: 5/20/2026
Contract Date: 5/20/2026

Listing Courtesy of RE Max Edge Group - Faig Mikayilov

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 5/20/2026 at 10:53 PM UTC

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