Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $435,000

Listed at $440,000 · Sold 1.1% below asking · Closed October 31, 2018

488 Ocean Parkway #5E
Closed For Sale Co-op

$440,000

$518 per sq ft

488 Ocean Parkway #5E

Kensington, Brooklyn

MLS® #RLS10439144

RLS at REBNY

Listing by Abacus Properties

1

Bedroom

1

Bath

850

Sq. Ft.

1958

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 850 sq ft
Year Built 1958
Ownership Co-op
Maintenance $663/mo
Parking Garage
Neighborhood Kensington
Floor 5 of 6

Property Highlights

  • Climate Control: Window Units
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 5 of 6
Cooling Window Units
Pets CatsOk, Yes
Cross Street Cortelyou Rd
Year Built 1958
Living Area 850 sq ft
Parking Garage Available
Parcel # 05389-0041-00488-000-000005E

Listing History

Event Date Price Change
Listed Jun 19, 2018 $440,000 -
Currently Apr 24, 2026 $440,000 -

Description

Gracious in every way, this extra large 1 bedroom has a place for it all - a huge living room, large bedroom, new kitchen with a separate windowed dining room and a large foyer perfect for your home office. The kitchen is all new with white shaker cabinets, stainless appliances including a DW & Microwave, abundant quartz counters to do some real cooking and also features a window with bright natural light from it's eastern exposure and subway backsplash. The kitchen has been opened up a bit for a more natural flow into the separate dining space that also has an eastern facing window.
This high floor unit brings in plenty of natural light any time of day from it's eastern and treetop western views.
The bath is new and neutral, with subway tile shower surround, reglazed tub, a new vanity and fixtures. The master bedroom can easily fit a king-sized bed and much more. There are hardwood floors throughout and an abundance of storage. This unit is a must see!

This well-maintained elevator building has strong financials and a large owner occupancy, live-in super, central laundry, bike room and additional storage (waitlisted, $40 per month), and an indoor garage (wait-listed). Just a short walk to the weekly Farmer's market and shopping on Cortelyou Road, and the many Ditmas Park restaurants and bars. Prospect Park is not far away and you are minutes from Q train on Cortelyou Road, F train Ditmas Avenue stop, and Express Bus service to Manhattan. This building is Cat Friendly, sorry no dogs.



Features & Amenities

Interior Features

Eat In Kitchen Common Area

Building Information

Financial Details

Maintenance $663/mo
Sale Price $435,000

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

52

Median Asking Price

$699K

Median $/Sqft

$798

Avg Days on Market

N/A

New This Week

4

Price Reduced

13%

Sold (30 Days)

5

Median Sale Price

$620K

Live data from RLS at REBNY • Updated 4/23/26, 10:28 PM EST

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Location

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488 Ocean Parkway #5E, Kensington, Kings County • Near Cortelyou Rd

Building Information

Official NYC property records for this building

1958
Year Built
68 years old
6
Floors
49
Residential Units
R7A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $1,432,350
Land Value: $297,000
Exemptions: $20,610

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

Lot Area: 12,000 SF
Building Area: 43,116 SF
Built FAR: 3.59
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 $663 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 1958, making it approximately 68 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.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $440,000 for 850 sq ft, the asking price per square foot is approximately $518. 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: RLS10439144
First Listed: 6/19/2018
Closed: 10/31/2018
Contract Date: 6/6/2018

Listing Courtesy of Abacus Properties - Jeff Surowka

Listing Contact: (718) 284-4400

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 4/24/2026 at 2:28 AM UTC

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