Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $579,000

· Closed August 10, 2018

540 Ocean Parkway #4f
Closed For Sale Co-op

$579,000

540 Ocean Parkway #4f

Kensington, Brooklyn

Imperial House

MLS® #RLS10043112

RLS at REBNY

Listing by The Corcoran Group

2

Bedrooms

2

Baths

N/A

Sq. Ft.

1962

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Year Built 1962
Ownership Co-op
Maintenance $818/mo
Parking Garage
Neighborhood Kensington

Property Highlights

  • Views: City
  • Exposure: East,West facing
  • Climate Control: Wall Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 2 Full
View City
Exposure East,West
Cooling Wall Units
Pets Yes
Cross Street Ditmas Avenue & Avenue F
Year Built 1962
Parking Garage Available

Listing History

Event Date Price Change
Listed Jul 4, 2017 $590,000 -
Price Reduced Aug 15, 2017 $575,000 -2.5%
Currently Apr 26, 2026 $579,000 +0.7%

Description

Welcome to 540 Ocean Parkway, a postwar co-op located in the heart of Kensington. Two full size, sun-drenched bedrooms, 2 baths, a brand new, eat-in kitchen, that is designed to inspire your culinary grandeur, glazing by the sunlight from a full sized window! Features Stainless Steel Appliances, Granite Countertop, Porcelain floor tiles, Brand new cabinetry, and recessed LED lighting! Enjoy a private balcony with east facing exposure, letting you bathe in the morning sunrise!Building is located on a prime tree-lined block of Kensington, just few minutes away from the famous Ditmas Park and Cortelyou road corridor! Walking distance to prospect park, Q,B and F trains! Just around the corner, you have the Ditmas Avenue corridor of stores and supermarkets! Building:9X10 ft storage space available for an extra $60 a month/each. Parking available on premises2 Laundry roomsLive-in superSorry - NO DOGS Abundance of public transportation access gives you easy access to Manhattan, and neighboring boroughs. Lifestyle: Few blocks way from Ditmas Park a resounding selection of the finest restaurants lining up Corleyou road Newkirk Avenue. How about a Sunday morning bike ride on Ocean Parkways designated bike path connecting Prospect Park to Brighton Beach? Maybe a 5-minute drive to the Brooklyn Museum or the Brooklyn Botanical Garden! Sunny day? Enjoy the 7-minute drive down Ocean Parkway to Brighton Beach! As always, in Real Estate, Location, Location, Location

Features & Amenities

Interior Features

Eat In Kitchen Building Washer Dryer Install Allowed Common Area

Building Information

Financial Details

Maintenance $818/mo
Original Price $590,000
Sale Price $579,000
Previous Price $575,000

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

50

Median Asking Price

$690K

Median $/Sqft

$814

Avg Days on Market

N/A

New This Week

4

Price Reduced

14%

Sold (30 Days)

5

Median Sale Price

$620K

Live data from RLS at REBNY • Updated 4/26/26, 7:24 AM EST

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Location

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540 Ocean Parkway #4f, Kensington, Kings County • Near Ditmas Avenue & Avenue F

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 $818 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 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: RLS10043112
First Listed: 7/4/2017
Price Changed: 8/15/2017
Closed: 8/10/2018
Contract Date: 7/4/2017

Listing Courtesy of The Corcoran Group - Salomon Danielov

Listing Contact: (347) 306-4996

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 4/26/2026 at 11:24 AM UTC

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