Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $389,000

· Closed March 10, 2015

1221 Gilbert Place
Closed For Sale Multi Family

$389,000

$153 per sq ft

1221 Gilbert Place

Hunts Point, Bronx

MLS® #RLS10063699

RLS at REBNY

Listing by Avenue Sothebys International Realty

7

Bedrooms

4

Baths

2,548

Sq. Ft.

1901

Year Built

Quick Summary

Bedrooms 7
Bathrooms 4
Living Area 2,548 sq ft
Year Built 1901
Neighborhood Hunts Point

Property Highlights

  • Outdoor Space: Balcony
  • Style: Prewar architecture
  • Climate Control: Building Cooling, Window Units

Property Details

Type Multi Family
Total Rooms 19
Baths 4 Full
Cooling Building Cooling, Window Units
Cross Street Faile Street/Hunts Point Avenue
Year Built 1901
Living Area 2,548 sq ft
Architectural Style Prewar
Parcel # 02762-0060
Block/Lot 2762/60

Listing History

Event Date Price Change
Listed Jul 10, 2014 $389,000 -
Currently Apr 28, 2026 $389,000 -

Description

Walkable to shopping and subways (IRT #2,5,6) and short drive to the Triborough Bridge, this townhouse has upside for the handyman eager to make his mark and do some cosmetic updates.

Low property taxes of $1,880. Room to grow w a Max FAR of 2.43 vs as-built of 1.02 -- add another 3,525sf.

Legal 3 family lets you live there and collect 2 rents.

Walkable to Barretto Point Park and 4 others.

Floor plans at http://www.planomatic.com/mls29019

Features & Amenities

Exterior Features

Balcony Balcony

Building Information

Building Data View Compliance & Permits
Total Units 3
Stories 2
Style Prewar

Hunts Point is a South Bronx neighborhood anchored by the Hunts Point Cooperative Market, one of the largest food distribution centers in the world. The residential stock includes prewar walk-up apartments, public housing developments, and a growing number of new affordable and mixed-income buildings. The 6 train at Hunts Point Avenue and Longwood Avenue stations connect to Midtown Manhattan.

Hunts Point Live Market Data

View Neighborhood

Active Listings

1

Median Asking Price

$135K

Median $/Sqft

N/A

Avg Days on Market

N/A

New This Week

0

Price Reduced

0%

Sold (30 Days)

0

Median Sale Price

N/A

Live data from RLS at REBNY • Updated 4/28/26, 12:35 PM EST

Location

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1221 Gilbert Place, Hunts Point, Bronx County • Near Faile Street/Hunts Point Avenue

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3

Building Information

Official NYC property records for this building

1901
Year Built
125 years old
2
Floors
3
Residential Units
R6
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $59,460
Land Value: $8,220
Exemptions: $0

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

Lot Area: 2,500 SF
Building Area: 2,548 SF
Built FAR: 1.02
Allowed FAR: 2.43

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

This property has 7 bedrooms and 4 full bathrooms.

The listed interior living area is 2,548 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1901, making it approximately 125 years old.

At the current list price of $389,000 for 2,548 sq ft, the asking price per square foot is approximately $153. 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: RLS10063699
First Listed: 7/10/2014
Closed: 3/10/2015
Contract Date: 7/10/2014

Listing Courtesy of Avenue Sothebys International Realty - Michael Kawochka

Listing Contact: (646) 425-0505

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 4/28/2026 at 4:35 PM UTC

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