Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
575 OCEAN Avenue #4B

For Sale · Listing by Corcoran Group

575 OCEAN Avenue #4B

Flatbush, Brooklyn

$250,000

Interested in this property?
Active For Sale Co-op

$250,000

575 OCEAN Avenue #4B

Flatbush, Brooklyn

MLS® #RLS20109423

RLS at REBNY

Listing by Corcoran Group

1
Bedroom
1
Bath
N/A
Sq. Ft.
1926
Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1926
Ownership Co-op
Maintenance $642/mo
Neighborhood Flatbush
Floor 4 of 6

Property Highlights

  • Views: City
  • Character: Pre-war building (1926)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 4 of 6
View City
Pets Yes
Year Built 1926
Structure Type HighRise
Basement Other
Block/Lot 05101/0029

Listing History

Event Date Price Change
Listed Aug 14, 2026 $250,000 -
Currently Aug 14, 2026 $250,000 -

Description

Spacious & Bright One-Bedroom HDFC Cooperative in Flatbush Welcome to this generously proportioned one-bedroom great value, one-bathroom HDFC cooperative offering a classic pre-war layout, abundant natural light, and plenty of room to make the space your own. Located on the 4th floor of an elevator building, Apartment 4B features desirable southern and western exposures with open neighborhood views. The oversized living room offers excellent flexibility for separate living, dining, and work-from-home areas, while the spacious bedroom easily accommodates a full bedroom setup with room to spare. The apartment retains charming pre-war details including hardwood and tiles floors, high ceilings, and generous room proportions. A separate, windowed eat-in kitchen provides ample cabinetry and workspace, while the windowed bathroom features a full-size soaking tub. Multiple closets throughout the apartment provide valuable storage. This is a wonderful ownership opportunity for an income-qualified purchaser looking to build equity and own a spacious home at an attractive price point. The seller is seeking an all-cash purchaser. HDFC Income Restrictions - This is an HDFC cooperative with income restrictions. Purchaser(s) may use the 2026 120 percent AMI limits below as a guide. Actual income eligibility should be independently confirmed based on the cooperative's requirements. 1 Household: $142,560 2 Household: $162,840 3 Household: $183,240 Income restrictions apply to incoming purchasers. There are no stated restrictions on assets or future income once you become a shareholder. Building & Purchase Details The cooperative consists of 63 units, and the apartment represents 250 cooperative shares. The building has a live-in superintendent. This apartment must be used as the purchaser's primary residence. Gifting toward the purchase price is permitted. While the cooperative permits financing of up to 80 percent of the purchase price, the co-op is currently seeking an all-cash offer. Dishwashers are permitted with board approval, and pets are considered on a case-by-case basis. A terrific opportunity for an income-qualified all cash offer seeking a large, bright one-bedroom with an excellent layout, classic pre-war character, and long-term ownership potential. Please contact me for viewing information.

Features & Amenities

Interior Features

Building None

Exterior Features

Private Outdoor Space Over60 Sqft

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 63
Stories 6
Structure HighRise

Financial Details

Maintenance $642/mo

Flatbush features one of Brooklyn's most varied housing stocks, including grand detached Victorians along Ocean Avenue, limestone and brownstone rowhouses, prewar apartment buildings, and brick townhomes within landmarked districts like Prospect Park South and Ditmas Park. The Q, 2, and 5 trains connect the neighborhood to Manhattan, while Prospect Park's 526 acres of green space border the northern edge. The restored Kings Theatre, a 1920s-era landmark performance venue, and Erasmus Hall High School, founded in 1786, are among the area's most notable architectural features.

Flatbush Live Market Data

View Neighborhood

Active Listings

38

Median Asking Price

$514K

Median $/Sqft

$703

Avg Days on Market

N/A

New This Week

2

Price Reduced

53%

Sold (30 Days)

2

Median Sale Price

$520K

Live data from RLS at REBNY • Updated 8/14/26, 4:22 PM EST

Location

Loading map...

575 OCEAN Avenue #4B, Flatbush, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1926
Year Built
100 years old
6
Floors
63
Residential Units
R7A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $2,518,200
Land Value: $359,550
Exemptions: $1,644,081

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

Lot Area: 17,762 SF
Building Area: 67,084 SF
Built FAR: 3.78
Allowed FAR: 4

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 $642 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1926, making it approximately 100 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 Milton Coste.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. 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: RLS20109423
First Listed: 8/14/2026
On Market: 8/14/2026
Price Changed: 8/14/2026
Contract Date: 8/14/2026

Listing Courtesy of Corcoran Group - Tuval Mor

Listing Contact: (646) 342-1757

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 8/14/2026 at 8:22 PM UTC

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Flatbush Market Update

2 sales last 30 days · $514K median · 19 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Co-op Neighborhood Flatbush Borough Brooklyn
County Kings
Floor 4 of 6
Year Built 1926
First Listed 8/14/2026
Maintenance $642/mo

Monthly Costs Estimate

Down Payment 20%

$50,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $642
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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