Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $575,000

· Closed December 6, 2017

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

$575,000

540 Ocean Parkway #4I

Kensington, Brooklyn

Imperial House

MLS® #RLS10047550

RLS at REBNY

Listing by The Corcoran Group

3

Bedrooms

2

Baths

N/A

Sq. Ft.

1962

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Year Built 1962
Ownership Co-op
Maintenance $1,068.72/mo
Parking Garage
Neighborhood Kensington
Floor 4 of 6

Property Highlights

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

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 6
Baths 2 Full
Floor 4 of 6
Exposure North,South
Cooling Wall Units
Pets Yes
Cross Street Ditmas Avenue & Avenue F
Year Built 1962
Parking Garage Available
Parcel # 05399-0021-00540-000-000004I

Listing History

Event Date Price Change
Listed Oct 17, 2017 $598,000 -
Currently Apr 26, 2026 $575,000 -3.8%

Description

Enjoy 1350 rambling square feet with grand living space, three real bedrooms, two full baths, and a full sized balcony for relaxing, soaking up sun, or planting a small container garden. Feels like living in a house. 40 minutes by train from midtown, and 20 minutes from the coolest of Brooklyn. Short stroll to good restaurants, 24 hour groceries and great produce around the corner. Elevator building, small pet friendly, flexible for renting, and talented super on premises. Being sold by empty-nest broker/owner and, if I still needed the space, I would buy it again in a heartbeat. Lots of light everywhere, hardwood floors, and plenty of room for cooking.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Balcony Balcony

Building Information

Financial Details

Maintenance $1,068.72/mo
Original Price $598,000
Sale Price $575,000
Previous Price $598,000

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, 10:17 AM EST

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Location

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540 Ocean Parkway #4I, 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 $1,068.72 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 3 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.

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: RLS10047550
First Listed: 10/17/2017
Price Changed: 12/11/2017
Closed: 12/6/2017
Contract Date: 10/17/2017

Listing Courtesy of The Corcoran Group - Alexandra Florio

Listing Contact: (646) 269-1072

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 2:17 PM UTC

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