Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
Interested in this property?
Active For Sale Co-op

$750,000

500 OCEAN Avenue #4B

Prospect Park South, Brooklyn

MLS® #RLS20098712

RLS at REBNY

Listing by Corcoran Group

3

Bedrooms

1

Bath

N/A

Sq. Ft.

1931

Year Built

Quick Summary

Bedrooms 3
Bathrooms 1
Year Built 1931
Ownership Co-op
Maintenance $1,069/mo
Neighborhood Prospect Park South
Floor 4 of 6

Property Highlights

  • Character: Pre-war building (1931)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Floor 4 of 6
Pets Yes
Year Built 1931
Structure Type HighRise
Basement Other
Block/Lot 05080/0060

Listing History

Event Date Price Change
Listed Jun 18, 2026 $750,000 -
Currently Jun 18, 2026 $750,000 -

Description

500 Ocean Avenue, 4B Prospect Park South Bring your creativity and vision to this generously proportioned convertible four-bedroom home at 500 Ocean Avenue, offering the opportunity to customize a cooperative residence and create a home tailored to your lifestyle in Prospect Park South, Brooklyn. Whether you envision a spacious primary suite, a dedicated home office, or additional bedrooms, the exceptional space and versatile layout provides the flexibility to create a home that reflects your lifestyle, needs, and design aesthetic. From morning walks in Prospect Park, year-round activities at the Lefrak Center, performances at Kings Theatre or films at Nitehawk Cinema, this location offers convenient access to some of Brooklyn ' s best recreational, cultural, and transportation amenities, with seamless transportation via the Q train at Parkside Avenue. Why pay for someone else's design choices when you can create a home tailored to your own vision? Properties with renovation potential often offer greater value, less competition, and the opportunity to build equity through thoughtful improvements. For qualified buyers, renovation financing options may help streamline the process by combining acquisition and improvement cost into a one loan. Highlights: Flexible convertible four (4) bedroom layout Exceptional opportunity ready for your vision Well-established and maintained co-op community Desirable Prospect Park South location Convenient proximity to parks, transit, dining, shopping, and entertainment Renovation financing opportunities available Create a home that reflects your vision, not someone else's choices. Contact us today to schedule a private showing or learn more about renovation financing options.

Features & Amenities

Interior Features

Building Other

Exterior Features

None

Building Information

Building Data View Compliance & Permits
Total Units 64
Stories 6
Structure HighRise

Financial Details

Maintenance $1,069/mo

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

19

Median Asking Price

$649K

Median $/Sqft

$925

Avg Days on Market

N/A

New This Week

2

Price Reduced

32%

Sold (30 Days)

9

Median Sale Price

$620K

Live data from RLS at REBNY • Updated 6/18/26, 4:48 PM EST

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Location

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500 OCEAN Avenue #4B, Prospect Park South, Kings County

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Building Information

Official NYC property records for this building

1931
Year Built
95 years old
6
Floors
64
Residential Units
R7A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $1,982,250
Land Value: $509,850
Exemptions: $4,580

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

Lot Area: 20,608 SF
Building Area: 87,951 SF
Built FAR: 4.27
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 $1,069 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 3 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1931, making it approximately 95 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: RLS20098712
First Listed: 6/18/2026
On Market: 6/18/2026
Price Changed: 6/18/2026
Contract Date: 6/18/2026

Listing Courtesy of Corcoran Group - Anthony L Morris

Listing Contact: (646) 523-5711

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 6/18/2026 at 8:48 PM UTC

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