Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $240,000

· Closed January 28, 2022

540 OCEAN Parkway #1E
Closed For Sale Co-op

$240,000

540 OCEAN Parkway #1E

Kensington, Brooklyn

MLS® #RLS10932173

RLS at REBNY

Listing by Corcoran Group

2

Bedrooms

1

Bath

N/A

Sq. Ft.

1962

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Year Built 1962
Ownership Co-op
Maintenance $498/mo
Neighborhood Kensington
Floor 99 of 6

Property Highlights

  • Climate Control: Wall Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Floor 99 of 6
Cooling Wall Units
Pets Yes
Year Built 1962
Structure Type HighRise
Basement Other
Parcel # 05399-0021-00540-000-000001E
Block/Lot 05399/0021

Listing History

Event Date Price Change
Listed Oct 5, 2020 $369,000 -
Price Reduced Sep 25, 2024 $250,000 -32.2%
Currently Apr 23, 2026 $240,000 -4.0%

Description

All cash necessary. This spacious coop is located in a premier Kensington elevator building. Currently configured as a 2 bedroom, this pristine apartment boasts a well-appointed kitchen, renovated bathroom, hardwood floors and an abundance of closet space. The well-maintained building with a live-in super includes an indoor parking garage (short waitlist), private storage and laundry room. This property is a short distance to Prospect Park, the Q, B, and F trains, as well as great restaurants, cafes and shopping nearby

Features & Amenities

Interior Features

Smoke Free Building None

Exterior Features

None

Building Information

Total Units 114
Stories 6
Structure HighRise

Financial Details

Maintenance $498/mo
Original Price $369,000
Sale Price $240,000
Previous Price $250,000

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

$806

Avg Days on Market

N/A

New This Week

6

Price Reduced

13%

Sold (30 Days)

6

Median Sale Price

$620K

Live data from RLS at REBNY • Updated 4/22/26, 9:30 PM EST

Similar Listings in Kensington

View All

Location

Loading map...

540 OCEAN Parkway #1E, Kensington, Kings County

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1962
Year Built
64 years old
6
Floors
114
Residential Units
R7A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $3,807,900
Land Value: $353,250
Exemptions: $36,330

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

Lot Area: 33,000 SF
Building Area: 130,496 SF
Built FAR: 3.95
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 $498 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1962, making it approximately 64 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.

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: RLS10932173
First Listed: 1/21/2022
On Market: 10/5/2020
Price Changed: 9/25/2024
Closed: 1/28/2022
Contract Date: 10/7/2020

Listing Courtesy of Corcoran Group - Charles Pigott

Listing Contact: (917) 771-5346

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 4/23/2026 at 1:30 AM UTC

Buying a Co-op? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

How to Ace Your Co-op Board Interview

What boards look for, common questions, and how to prepare.

Read article

NYC Flip Tax Guide for Sellers

What co-op flip taxes are, how they're calculated, and who pays.

Read article

HDFC Co-ops: Complete Guide

Income limits, resale caps, and how to qualify for affordable co-ops.

Read article

Interested in this property?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton