7101 COLONIAL Road #L2E, New York City, NY 11209
Listing Courtesy of Corcoran Group
$359,000
Potential Rebate: $5,385
Overview
7101 Colonial Road is a well-maintained, professionally managed co-op offering the kind of comfort and ease buyers are looking for. The building features a live-in superintendent, personal storage and bike storage, is pet-friendly, and best of all-there's <strong>no flip tax</strong>.<br> This spacious one-bedroom includes a large living room/dining room combination, an eat-in kitchen, a king-sized bedroom with ensuite , and <strong>1.5 bathrooms</strong> for added convenience. <br> Set in the heart of <strong>Bay Ridge</strong>, you'll love the neighborhood's tree-lined blocks, strong community vibe, and incredible mix of restaurants, cafés, and shopping along 3rd and 5th Avenues. When you want fresh air, the Shore Road Promenade is nearby for scenic waterfront walks. Commuting is simple too-just <strong>three blocks to the train</strong> and <strong>express bus into Manhattan</strong>.<br>
Home Features
- •Building Courtyard
- •Private Outdoor Space Under 60 Sqft
- •Dining Area
Estimated Monthly Payment
$2,749 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$5,385
Monthly savings impact
$15/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20064172
Price Analysis
Compare average listing prices and value metrics for 7101 COLONIAL Road against the surrounding Bay Ridge market.
Average List Price
Price Per SqFt
37.77% Lower
than the Bay Ridge price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Bay Ridge
Overview of Bay Ridge
Bay Ridge is the small-town end of the line. Located at the southwestern tip of Brooklyn, it is a waterfront community known for its strong schools, stunning bridge views, and "Saturday Night Fever" history. For buyers seeking Bay Ridge Brooklyn real estate, it offers single-family homes and a quiet, suburban pace of life.
Living in Bay Ridge is traditional. The "Gold Coast" shore road is lined with mansions. As a stable Brooklyn NYC neighborhood, it attracts families who want to put down deep roots.
Real Estate & Housing Market
The market for homes for sale in Bay Ridge includes detached Tudors, colonials, and pre-war co-ops. It is one of the few places in Brooklyn where you can easily find a driveway and a garage.
Prices are moderate compared to the Brownstone belt, offering more square footage for the dollar.
Lifestyle & Community
The lifestyle in Bay Ridge revolves around 3rd Avenue's restaurants and bars. The neighborhood has a vibrant nightlife and dining scene that feels self-contained.
The community is a mix of old-school Italian/Irish families and a large, vibrant Middle Eastern community.
Transportation & Accessibility
Bay Ridge is served by the R train. It is a long ride to Manhattan (45+ mins). However, the X27/X37 express buses are a popular secret, whisking commuters to Midtown via the highway.
The NYC Ferry also offers a scenic route to Wall Street.
Parks, Schools & Amenities
Shore Road Park stretches for miles along the waterfront, offering bike paths and views of the Verrazzano-Narrows Bridge.
Amenities are classic: great diners, bakeries, and community parades. It feels very established.
Who This Neighborhood Is Best For
Bay Ridge is best for families, retirees, and buyers who prioritize space, safety, and waterfront walks over a short commute.
