--- title: "701 Gerald Court #2E, New York City, NY 11235" description: "701 Gerald Court #2E, New York City, NY 11235 — Sheepshead Bay, New York City, NY. Listing Price $270,000. In contract 7/1/2026. 1 bed, 1 bath, 800 sqft Illustrative Buyer Commission Share of $4,050 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11235/701-gerald-court-e-2E-ny-11235" source: "Real Estate Rebate Team" status: "Pending" --- # 701 Gerald Court #2E, New York City, NY 11235 Sheepshead Bay, New York City, NY Courtesy of RE Max Edge Group ## At a Glance - **Listing Price**: $270,000 - **Status**: In contract 7/1/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 1 - **Baths**: 1 - **Sqft**: 800 - **Common Charges**: $845 / mo - **Price per Sqft**: $338 - **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**: $270,000 - **Illustrative Buyer Commission Share**: -$4,050* - **Illustrative Net Cost**: $265,950 *Illustrative Buyer Savings of $4,050 — 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) ![701 Gerald Court #2E, New York City, NY 11235 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d0ba4d9e-0724-493e-880f-16ffd1ada537.jpg) ![701 Gerald Court #2E, New York City, NY 11235 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/db29effe-c5e9-487a-9016-44e0e1cbf39d.jpg) ![701 Gerald Court #2E, New York City, NY 11235 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/12959c7d-c72f-49bd-8cb5-d7f9af30d5bd.jpg) ![701 Gerald Court #2E, New York City, NY 11235 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/653787ac-b1af-4635-9eb9-80f4c6317044.jpg) ![701 Gerald Court #2E, New York City, NY 11235 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4b56dafd-5381-480a-a6eb-7caca10dde58.jpg) ![701 Gerald Court #2E, New York City, NY 11235 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5a2fa2e0-aa7f-4cd2-b00d-d0cafe18ad6c.jpg) ![701 Gerald Court #2E, New York City, NY 11235 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cb83fd5c-7d39-4717-9751-570490974ffa.jpg) ![701 Gerald Court #2E, New York City, NY 11235 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/14d14c56-ff12-4e20-abeb-d9e165beac32.jpg) ![701 Gerald Court #2E, New York City, NY 11235 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/348666af-f4ba-4e4e-8430-ce17bfbf4243.jpg) ![701 Gerald Court #2E, New York City, NY 11235 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ec22d2ca-0f70-479d-82ee-8ad3697c6f32.jpg) ## Property Overview 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. ## Property Details - **Property Type**: Co-op - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Sqft**: 800 sqft - **Stories**: 2 - **Year Built**: 1900 - **Price per Sqft**: $338 - **Common Charges**: $845 / Monthly - **Listed On**: May 20, 2026 - **Days on Market**: 115 Days ### Residence Features - Window Unit(s) - Outside ### Building Amenities - Outside ## Sales Evidence ### Recent closed sales 6 apartments at 701 Gerald Court have recorded sales since September 2021, the most recent for $330,000 in October 2024. Prices are the figures recorded with the City, not asking prices. | Unit | Sold Price | Sold | Source | | --- | --- | --- | --- | | 6A (Apartment) | $330,000 | October 15, 2024 | City record | | 4E (Apartment) | $288,500 | August 7, 2024 | City record | | 6E (Apartment) | $235,000 | February 16, 2023 | City record | | 4J (Apartment) | $360,000 | August 15, 2022 | City record | | 3G (Apartment) | $520,000 | May 11, 2022 | City record | | 4F (Apartment) | $265,000 | October 4, 2021 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable co-op one-bedroom sales in Sheepshead Bay is $300,000, based on 5 sales between October 2024 and April 2026. This home is asking $270,000, $30,000 below that median. The middle half of those sales closed between $275,000 and $304,000. - **Median closed price**: $300,000 - **Middle half**: $275,000 – $304,000 - **Based on**: 5 co-op one-bedroom sales in Sheepshead Bay - **Period**: October 2024 – April 2026 Square footage is recorded for only 1 of these 5 sales (20%), 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 5 of these sales with a published asking price, the median closed at 100% of what it originally asked. 40% 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 Sheepshead Bay instead. ### How these sales were negotiated - **Sold vs original ask**: 100% of the original ask - **Closed below ask**: 40% of 5 sales - **Listed → in contract**: 27 days (about 4 weeks) - **In contract → closed**: 78 days (about 11 weeks) Across the 5 of these sales with a published asking price, the median closed at 100% of what it originally asked. 40% of them closed below the original ask. Half of these homes were in contract within 27 days (about 4 weeks) of coming to market, based on the 5 with a recorded listing date. Once a deal was agreed, closing took a further 78 days (about 11 weeks), based on the 5 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 5 co-op one-bedroom sales in Sheepshead Bay, October 2024 – April 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. 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 701 Gerald Court](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/701-gerald-court) ## Price and Property History for 701 Gerald Court, Unit 2E Review the recorded listing activity for 701 Gerald Court, Unit 2E, including asking-price changes and prior market dates. - **Entered contract**: July 1, 2026 | Date | Price | Listing event | | --- | --- | --- | | July 1, 2026 | $270,000 | Entered contract | | May 20, 2026 | $270,000 | Listed for sale by RE Max Edge Group | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 54 apartments. The corporation’s 2026 property tax bill was $316,883 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 701 Gerald Court](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/701-gerald-court) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 701 Gerald Court 701 Gerald Court, Brooklyn, NY 11235 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1900 - **Total Units**: 1 - **Floors**: 2 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/701-gerald-court) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [2E](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11235/701-gerald-court-e-2E-ny-11235) | 1 | 1 | 800 sqft | $338 | $270,000 — In contract | RE Max Edge Group | May 20, 2026 | 115 days | ## Estimated Monthly Payment **$2,210 / month**, assuming a 20% down payment ($54,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $1,365 - **Common Charges**: $845 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sheepshead Bay Overview of Sheepshead Bay [Explore Sheepshead Bay](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/sheepshead-bay) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Sheepshead Bay - [Gerritsen Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gerritsen-beach) - [Manhattan Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/manhattan-beach) - [Marine Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/marine-park) - [Brighton Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brighton-beach) - [Gravesend real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gravesend) - [Midwood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/midwood) ## Related Links - [701 Gerald Court — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/701-gerald-court) - [Sheepshead Bay neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/sheepshead-bay) - [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.