Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $572,500

· Closed August 1, 2023

525 Ocean Parkway #5-A
Closed For Sale Co-op

$572,500

525 Ocean Parkway #5-A

Kensington, Brooklyn

MLS® #RLS10880779

RLS at REBNY

Listing by Compass

2

Bedrooms

2

Baths

N/A

Sq. Ft.

1963

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Year Built 1963
Ownership Co-op
Maintenance $895/mo
Parking Garage
Neighborhood Kensington
Floor 5 of 6

Property Highlights

  • Exposure: South,West facing
  • Outdoor Space: Balcony
  • Climate Control: Wall Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 2 Full
Floor 5 of 6
Exposure South,West
Cooling Wall Units
Pets CatsOk
Cross Street Ditmas Avenue/Avenue F
Year Built 1963
Parking Garage Available
Block/Lot 5400/91

Listing History

Event Date Price Change
Listed Mar 22, 2023 $572,500 -
Price Reduced Aug 1, 2023 $595,000 +3.9%

Description

Spacious two bedroom apartment with private outdoor space for sale in an elevator building located in prime Kensingston. Enter this apartment through a closet-lined hallway to discover a large living room leading to a private balcony overlooking Ocean Parkway. The apartment's living space faces west, promising spectacular sunsets. Down the hall, you will find an enormous eat-in, south-facing kitchen featuring a dishwasher. Through the kitchen is the smaller of the two bedrooms. This space could also be used as an office or a separate dining room. Further down the hall, you will find the bathroom, a linen closet, and then the primary bedroom. The primary bedroom can comfortably accommodate a king-sized bed and boasts ample closet space. The living room and both bedrooms offer in-wall air conditioning units. Located off of Ditmas Avenue in the heart of Kensington, 525 Ocean Parkway is just blocks from the Cortelyou shopping district, charming restaurants, and cafes. Prospect Park and Greenwood Cemetery are each a mile away. This home is accessible via multiple subway lines including the F at Ditmas Avenue, G at Church Avenue, Q at Cortelyou Road, and B at Newkirk Plaza. The building has a part-time doorman, laundry room, and virtual intercom system. Storage and garage parking are available (waitlist). There is a $90.24 assessment in place through the end of 2023.

Features & Amenities

Interior Features

Dining Area Entrance Foyer Common Area

Exterior Features

Balcony Balcony

Building Information

Stories 6

Financial Details

Maintenance $895/mo
Sale Price $572,500
Previous Price $595,000

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, 9:54 AM EST

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Location

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525 Ocean Parkway #5-A, Kensington, Kings County • Near Ditmas Avenue/Avenue F

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1963
Year Built
63 years old
6
Floors
62
Residential Units
R7A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $2,223,000
Land Value: $236,700
Exemptions: $59,326

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

Lot Area: 17,920 SF
Building Area: 62,226 SF
Built FAR: 3.47
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 $895 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

According to MLS records, the building was constructed in 1963, making it approximately 63 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.

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: RLS10880779
First Listed: 3/22/2023
Price Changed: 8/1/2023
Closed: 8/1/2023
Contract Date: 3/22/2023

Listing Courtesy of Compass - Mariah Vitali

Listing Contact: (207) 522-0421

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 1:54 PM UTC

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