--- title: "515 East 7th Street #2A, New York City, NY 11218" description: "515 East 7th Street #2A, New York City, NY 11218 — Kensington, New York City, NY. Listing Price $299,000. In contract 7/31/2026. Studio bed, 1 bath, 600 sqft Illustrative Buyer Commission Share of $4,485 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/515-east-7th-street-a-2A-ny-11218" source: "Real Estate Rebate Team" status: "Pending" --- # 515 East 7th Street #2A, New York City, NY 11218 Kensington, New York City, NY Courtesy of Abacus Properties LLC ## At a Glance - **Listing Price**: $299,000 - **Status**: In contract 7/31/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: Studio - **Baths**: 1 - **Sqft**: 600 - **Common Charges**: $687 / mo - **Price per Sqft**: $498 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $299,000 - **Illustrative Buyer Commission Share**: -$4,485* - **Illustrative Net Cost**: $294,515 *Illustrative Buyer Savings of $4,485 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![515 East 7th Street #2A, New York City, NY 11218 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2dca156f-b7a1-4c1e-bf85-62556b58137b.jpg) ![515 East 7th Street #2A, New York City, NY 11218 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7785f22d-caf6-42ca-94c0-b0e960967b70.jpg) ![515 East 7th Street #2A, New York City, NY 11218 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/703ca25a-ced9-4f0e-b732-6c52e775d03c.pdf) ![515 East 7th Street #2A, New York City, NY 11218 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d113adfd-4b23-4998-a7b9-08264bc3bd67.jpg) ![515 East 7th Street #2A, New York City, NY 11218 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1d755676-ad36-476c-a9a0-86c360166545.jpg) ![515 East 7th Street #2A, New York City, NY 11218 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5aa71857-bca0-4e93-8300-b2e87aa189c5.jpg) ![515 East 7th Street #2A, New York City, NY 11218 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ced98fb6-b8a4-4b8f-ab23-3b9bd1d82624.jpg) ![515 East 7th Street #2A, New York City, NY 11218 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/05a31a7f-06a4-4a84-b9d6-58980db47649.jpg) ![515 East 7th Street #2A, New York City, NY 11218 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/13e4acd7-ae30-45be-aeed-f5cbe0572870.jpg) ![515 East 7th Street #2A, New York City, NY 11218 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a5c03da0-ad7f-4095-ac13-6f0a56d7c984.jpg) ## Property Overview Prime Kensington! This converted 1 bedroom was originally a large studio and boasts enough space to offer a separate living area, bedroom, eat-in kitchen, and a usable foyer area. There is also great storage with three closets including one large walk-in. The sunny updated kitchen offers lots of storage and counter space, enough room for a small table and has a deep window for all your plants to thrive. The beautifully renovated bathroom has all new tile, vanity and lighting. This lovely unit gets great natural light with bright eastern exposures and there are hardwood floors throughout. Located on the 3rd floor, as this building goes Lobby, 1, 2..., . The entire unit has been renovated and is in move-in condition. This unit offers an exceptional value -and should be a "Must See" on your list. Virtual Tour available upon request. The Manchester is a postwar building and one of Kensingtons most desirable coops. It features 2 updated elevators, newer windows, boiler & roof, indoor parking garage (waitlisted), central laundry, additional storage & bike room and a large outdoor green space. There is a live in super & full-time porter. Located Just Off Cortelyou Rd, it is just 3 blocks from the Ditmas Park Strip of great restaurants, bars, cafes and a weekend farmers market. Public transportation options offer the Q, B, F & G trains & the express buses, BM1, 2, 3 & 4 (which go directly to downtown and midtown Manhattan. You can get to Wall St. within one 20 min stop) Prospect Park is just blocks away. The Manchester is Cat Friendly Sorry No Dogs This listing has a 3D virtual tour also available to view on the Abacus Properties website. This building currently qualifies for a very low 1st time home buyer VNB plus program 5.375% 30 yrs fixed through Valley National Bank. ## Property Details - **Property Type**: Co-op - **Baths**: 1 - **Rooms**: 3 - **Sqft**: 600 sqft - **Stories**: 3 - **Year Built**: 1961 - **Price per Sqft**: $498 - **Common Charges**: $687 / Monthly - **Listed On**: Apr 21, 2026 - **Days on Market**: 145 Days ### Residence Features - Window Unit(s) - Radiant - Building Inside - Common Area - Garage - Building Storage - Private Outdoor Space Under 60 Sqft - Storage - Eat-in Kitchen - Storage - Hardwood ### Building Amenities - Garage ## Sales Evidence ### How this price compares The median closed price for comparable co-op studio sales in Kensington is $300,000, based on 11 sales between September 2024 and June 2026. This home is asking $299,000, $1,000 below that median. The middle half of those sales closed between $288,750 and $310,000. - **Median closed price**: $300,000 - **Middle half**: $288,750 – $310,000 - **Based on**: 11 co-op studio sales in Kensington - **Period**: September 2024 – June 2026 Square footage is recorded for only 6 of these 11 sales (55%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. Across the 10 of these sales with a published asking price, the median closed at 96.2% of what it originally asked. 70% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Kensington instead. ### How these sales were negotiated - **Sold vs original ask**: 96.2% of the original ask - **Closed below ask**: 70% of 10 sales - **Listed → in contract**: 122 days (about 17 weeks) - **In contract → closed**: 96 days (about 14 weeks) Across the 10 of these sales with a published asking price, the median closed at 96.2% of what it originally asked. 70% of them closed below the original ask. Half of these homes were in contract within 122 days (about 17 weeks) of coming to market, based on the 10 with a recorded listing date. Once a deal was agreed, closing took a further 96 days (about 14 weeks), based on the 10 with both dates recorded. A co-op board package and its interview account for much of that. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 11 co-op studio sales in Kensington, September 2024 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median price per square foot for sales at The Manchester, 2016 to 2025. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year. | Year | Median $/ft² | Sales | | --- | --- | --- | | 2016 | $487/ft² | 5 | | 2017 | $526/ft² | 4 (thin) | | 2018 | $571/ft² | 5 | | 2021 | $555/ft² | 10 | | 2024 | $575/ft² | 8 | | 2025 | $531/ft² | 8 | Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at The Manchester](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/the-manchester) ## Price and Property History for 515 East 7th Street, Unit 2A Review the recorded listing activity for 515 East 7th Street, Unit 2A, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $20,000, or 6.3%, on July 6, 2026 - **Originally listed**: April 20, 2026 at $319,000 - **Entered contract**: July 31, 2026 | Date | Price | Listing event | | --- | --- | --- | | July 31, 2026 | $299,000 | Entered contract | | July 6, 2026 | $299,000 | Asking price reduced by $20,000, or 6.3% | | April 20, 2026 | $319,000 | Listed for sale by Abacus Properties LLC | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 123 apartments. The corporation’s 2026 property tax bill was $569,883 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for The Manchester](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/the-manchester) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### The Manchester Kensington · Stock Cooperative 515 East 7th Street, Brooklyn, NY 11218 A building in Kensington, currently featuring 2 active listings. - **Year Built**: 1961 - **Total Units**: 2 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/the-manchester) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [2A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/515-east-7th-street-a-2A-ny-11218) | Studio | 1 | 600 sqft | $498 | $299,000 (-6.3%) — In contract | Abacus Properties LLC | Apr 21, 2026 | 144 days | | [5H](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/515-east-7th-street-h-5H-ny-11218) | 2 | 1 | 950 sqft | $632 | $600,000 | Abacus Properties LLC | Mar 18, 2026 | 178 days | ## Estimated Monthly Payment **$2,199 / month**, assuming a 20% down payment ($59,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $1,512 - **Common Charges**: $687 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Kensington Overview of Kensington [Explore Kensington](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/kensington) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Kensington - [Flatbush real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/flatbush) - [Borough Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/borough-park) - [Windsor Terrace real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/windsor-terrace) - [Midwood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/midwood) - [Prospect Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park) - [South Slope real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/south-slope) ## Related Links - [The Manchester — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/the-manchester) - [Kensington neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/kensington) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.