Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $475,000

· Closed February 21, 2023

283 E 5TH Street #1C
Closed For Sale Co-op

$475,000

$559 per sq ft

283 E 5TH Street #1C

Kensington, Brooklyn

null

MLS® #RLS10828085

RLS at REBNY

Listing by Corcoran Group

1

Bedroom

1

Bath

850

Sq. Ft.

1939

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 850 sq ft
Year Built 1939
Ownership Co-op
Maintenance $785/mo
Neighborhood Kensington
Floor 1 of 6

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1939)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 1 Full
Floor 1 of 6
Pets Yes
Cross Street CATON AVENUE and ALBEMARLE ROAD
Year Built 1939
Living Area 850 sq ft
Architectural Style Prewar
Parcel # 05328-0051-00283-000-000001C

Listing History

Event Date Price Change
Listed Nov 3, 2022 $1 -
Currently Apr 22, 2026 $475,000 +47499900.0%

Description

Welcome to 283 East 5th Street, 1C -- an exceptional, oversized, 1 Bedroom Apartment in Prime Kensington... with So Much Room to Grow!!This Corner Pre-War, Art Deco Co-op is well-proportioned and very quiet, with generously-sized rooms and pre-war detail. Previously configured as a 2 bed, this almost 850 square foot 1 bedroom, can easily be transformed into a 2 bedrooms, Plus! See proposed floorplan attached!

This elevated 1st floor apartment features an elegant foyer/entryway, with 2 easy to access closets to store all away, before stepping down into your living space. The grand 20-foot sunken living room is a show stopper, and provides a spacious, yet intimate seating area, along with the glamour of a romantic bygone era. Additional period details include gorgeous, newly refinished, herringbone and parquet floors, 9-foot ceilings, and pretty crown molding! The apartment boasts windows in every room, including the kitchen and bathroom.

Enjoy cooking in your brand, new kitchen! Clean lines and white cabinets create a kitchen that is modern and timeless. The windowed kitchen provides lower and ceiling-height upper cabinets on both sides, and plenty of counter space for food preparation. Gorgeous granite countertops sit atop beautiful white wooden cabinets, accented by stainless steel appliances including a quad-door refrigerator. Polished white subway tiles provide the backsplash throughout, and slate floor tiles round out the kitchen, allowing prep work and cleanup to be quick and easy.

There is a dining room just off of the kitchen. An additional room off of the dining area can be accessed through the entry foyer as well. Currently utilized as a walk-in closet, but multiple options here. Opt to keep as is, or open the dining area for a full open layout plan with the living room, as other units in this line are setup.

The windowed bathroom is elegantly tiled throughout for easy maintenance.

The serene, corner bedroom is separate from the living area, and can easily accommodate king-sized furniture, and a full office area. If you need more room, there is an easy plan to convert this king bedroom into 2 bedrooms or 1 bedroom and an office/nursery space! This home's flexible layout gives you so many options to create the perfect space for you!!

This professionally-managed co-op is impeccably maintained with a live-in super. The building's basement level provides private storage for this unit, bike storage and a central laundry room with card-operated machines. A sweet Common Outdoor Space is also available for owners, complete with grill and seating. Cats are permitted, and dogs upon approval.

Perfectly located in prime Kensington, this Beautiful, Art Deco, Elevator Building, is on the corner of quiet Albemarle Road and East 5th Street. This terrific location provides easy access to F/G trains on Church Avenue 3 blocks away, local buses, and the express bus to Manhattan. It is 2 blocks to Greenwood Playground and P.S. 130. Ocean Parkway provides a short walk to Brooklyn's premier playground Prospect Park, or a fun and easy bike ride to the beach at Coney Island. Multiple Citi Bike stations are available within blocks of building. Shopping, restaurants and amenities, all conveniently close by.

FIRST OPEN HOUSE: Sunday, November 6th, 12:00 - 1:00 pm!

Building Information

Building null
Total Units 25
Stories 6
Style Prewar

Financial Details

Maintenance $785/mo
Original Price $1
Sale Price $475,000

Kensington is a residential Brooklyn neighborhood bordered by Prospect Park to the north and the landmarked Green-Wood Cemetery to the west, with Ocean Parkway running through its center as one of the borough's signature tree-lined boulevards. The housing stock includes brick rowhouses, prewar co-op apartment buildings along Ocean Parkway and Coney Island Avenue, and detached Victorian homes on the side streets, served by the F and G trains at Fort Hamilton Parkway and Church Avenue. The B and Q express trains are accessible within a short walk, providing a 30-to-35-minute commute to Midtown Manhattan.

Kensington Live Market Data

View Neighborhood

Active Listings

51

Median Asking Price

$699K

Median $/Sqft

$814

Avg Days on Market

N/A

New This Week

6

Price Reduced

14%

Sold (30 Days)

6

Median Sale Price

$620K

Live data from RLS at REBNY • Updated 4/22/26, 11:44 AM EST

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Location

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283 E 5TH Street #1C, Kensington, Kings County • Near CATON AVENUE and ALBEMARLE ROAD

Floor Plans

Floor Plan
Floor Plan

Building Information

Official NYC property records for this building

1950
Year Built
76 years old
3
Floors
R6B
Zoning District

Tax & Assessment

Assessed Value: $15,567,750
Land Value: $2,947,950
Exemptions: $15,567,750

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

Lot Area: 117,900 SF
Building Area: 140,781 SF
Built FAR: 1.19
Allowed FAR: 2

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 $785 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 850 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1939, making it approximately 87 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 the listing broker.

At the current list price of $475,000 for 850 sq ft, the asking price per square foot is approximately $559. 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 mcoste@kwnyc.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: RLS10828085
First Listed: 11/3/2022
Price Changed: 11/3/2022
Closed: 2/21/2023
Contract Date: 11/3/2022

Listing Courtesy of Corcoran Group - Michele Silverman

Listing Contact: (917) 554-4488

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 4/22/2026 at 3:44 PM UTC

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