Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
416 Ocean Avenue #48
Closed For Sale Co-op

$635,000

$508 per sq ft

416 Ocean Avenue #48

Prospect Park South, Brooklyn

MLS® #RLS10980959

RLS at REBNY

Listing by Compass

2

Bedrooms

1

Bath

1,250

Sq. Ft.

1924

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 1,250 sq ft
Year Built 1924
Ownership Co-op
Maintenance $1,370/mo
Neighborhood Prospect Park South
Floor 4 of 9

Property Highlights

  • Climate Control: Other
  • Character: Pre-war building (1924)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 6
Baths 1 Full
Floor 4 of 9
Cooling Other
Pets Yes, CatsOk, DogsOk
Year Built 1924
Living Area 1,250 sq ft
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Parcel # 05061-0040-00416-000-0000048
Block/Lot 05061/0040

Listing History

Event Date Price Change
Listed Apr 9, 2024 $749,500 -
Price Reduced Aug 8, 2025 $630,000 -15.9%
Currently May 17, 2026 $635,000 +0.8%

Description

**OWNERS SAY SELL** **BRING YOUR CONTRACTOR** Create your dream home. Prospect Park South living at its finest with Residence No. 48, a true gem located at 416 Ocean Ave. This beautiful 2-bedroom home boasts beautifully detailed original wood floors with a generously sized living and dining areas. No. 48 offers endless functionality and design space. Conveniently located just across the street from the B & Q train, you'll have easy access to the 7th Avenue station in Park Slope which is two train stops away and you can also be in Manhattan in just 25 minutes. With Prospect Park just two blocks away, you'll have plenty of options for outdoor activities, not to mention the tennis courts and soccer fields at Parade Ground are also two blocks away.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common On Floor Common Area Flooring: Hardwood

Building Information

Building Data View Compliance & Permits
Total Units 90
Stories 9
Structure MultiFamily

Financial Details

Maintenance $1,370/mo
Original Price $749,500
Sale Price $635,000
Previous Price $630,000

About Prospect Park South

View All Prospect Park South Listings

Prospect Park South is a designated New York City historic district featuring over 200 architect-designed homes in Queen Anne, Tudor Revival, Colonial Revival, and Italianate styles, many with spacious front yards and original period details. The B and Q trains stop at Parkside Avenue and Prospect Park stations, placing Downtown Brooklyn and Manhattan within easy reach. The neighborhood borders Prospect Park's southern edge, providing direct access to 526 acres of green space including the Parade Ground's athletic fields.

Prospect Park South Live Market Data

View Neighborhood

Active Listings

24

Median Asking Price

$659K

Median $/Sqft

$965

Avg Days on Market

N/A

New This Week

1

Price Reduced

33%

Sold (30 Days)

0

Median Sale Price

N/A

Live data from RLS at REBNY • Updated 5/17/26, 4:05 AM EST

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Location

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416 Ocean Avenue #48, Prospect Park South, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1924
Year Built
102 years old
10
Floors
90
Residential Units
R7A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $4,643,100
Land Value: $358,650
Exemptions: $151,739

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

Lot Area: 17,700 SF
Building Area: 131,355 SF
Built FAR: 7.42
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 $1,370 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 1 full bathroom.

The listed interior living area is 1,250 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1924, making it approximately 102 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 $635,000 for 1,250 sq ft, the asking price per square foot is approximately $508. 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: RLS10980959
First Listed: 4/9/2024
On Market: 4/9/2024
Price Changed: 8/8/2025
Closed: 7/9/2025
Contract Date: 4/8/2024

Listing Courtesy of Compass - Terrence T Harding

Listing Contact: (212) 945-8769

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 5/17/2026 at 8:05 AM UTC

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