Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
733 Ocean Parkway #3B

For Sale · Listing by Compass

733 Ocean Parkway #3B

Kensington, Brooklyn

$450,000

Interested in this property?
Active For Sale Condo

$450,000

$968 per sq ft

733 Ocean Parkway #3B

Kensington, Brooklyn

MLS® #RLS20115686

RLS at REBNY

Listing by Compass

Open House Scheduled

Sunday, September 20 • 2:30 PM – 4:00 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

Studio
1
Bath
465
Sq. Ft.
2023
Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 465 sq ft
Lot Size 5,743.43 sq ft
Year Built 2023
Ownership Condo
HOA/Common Charges $233.93/mo
Property Taxes $150.96/yr
Neighborhood Kensington
Floor 3 of 8

Property Highlights

  • Exposure: West facing
  • Outdoor Space: Balcony
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 1
Baths 1 Full
Floor 3 of 8
Exposure West
Cooling Central Air
Pets Yes
Year Built 2023
Living Area 465 sq ft
Structure Type MultiFamily
Furnished Unfurnished
Lot Size 5,743.43 sq ft
Parcel # 05428-1106
Block/Lot 05428/1106

Listing History

Event Date Price Change
Listed Sep 17, 2026 $450,000 -
Currently Sep 19, 2026 $450,000 -

Description

Welcome to Residence 3B at the Arbor Condominium, a thoughtfully designed studio in one of Kensington’s standout modern developments that offers a unique advantage as the last 421A tax-abated buildings in south Brooklyn. This bright, west-facing home overlooks the mature trees and greenery of Ocean Parkway, offering a peaceful outlook while keeping you connected to everything Brooklyn has to offer. The well-proportioned layout makes excellent use of space, with an open living area, a dedicated kitchen and dining area, and generous closet storage. Floor-to-ceiling windows make for a living space that is bathed in light, while the open design creates an easy flow for everyday living. The Juliet balcony is a lovely touch, allowing you to take in the fresh air and beautiful scenery. The vented kitchen boasts a paneled and stainless-steel Samsung and Beko appliance package. The 0-Radius sink creates a functional addition, while the Calacatta quartz countertops and matching backsplash, along with soft close Copatlife custom Italian cabinetry, create a stunning focal point. The adjustable under-cabinet lighting adds an extra layer of ambiance to the space, making it perfect for hosting guests or enjoying a relaxing meal. The residence is finished with Italian porcelain floors, radiant heat, LED lighting, individual thermostats, and Daikin split-system heating and cooling, along with high-quality doors and fixtures throughout. The spa-like bathroom features a soaking tub, rain shower and handheld showerhead, LED-lit medicine cabinet, wall-hung vanity with storage, and elegant contemporary finishes. A washer/dryer in the apartment adds an especially convenient touch. Arbor’s amenities extend well beyond the apartment. Residents enjoy a beautiful rooftop with sweeping Brooklyn and Manhattan skyline views, lounge and picnic areas, BBQ grill and kitchenette. The building also offers a fully equipped fitness center and stylish resident lounge. With its exceptional finishes, comprehensive amenities, and a valuable 421A tax abatement that keeps monthly taxes at just $12.58/month through 2034, 733 Ocean Parkway represents a rare opportunity for end users, gifting, parents purchasing for children, or a 1031 exchange, and it is investor friendly, sublet friendly, and pet friendly. With monthly maintenance of only $233.93, the cost of ownership is as compelling as the residence itself. Come see unit 3B– the perfect balance of tranquility and city living, with easy access to the best of Brooklyn and beyond.

Features & Amenities

Interior Features

Entrance Foyer In Unit See Remarks

Exterior Features

Building Built In Barbecue Balcony Building Roof Deck Juliet Balcony Private Outdoor Space Under60 Sqft Balcony

Building Amenities

Common Lounge Elevators Fitness Center

Building Information

Building Data View Compliance & Permits
Total Units 23
Stories 8
Structure MultiFamily

Financial Details

Common Charges $233.93/mo
RE Taxes $150.96/yr ($13/mo)

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

45

Median Asking Price

$615K

Median $/Sqft

$835

Avg Days on Market

N/A

New This Week

10

Price Reduced

27%

Sold (30 Days)

11

Median Sale Price

$700K

Live data from RLS at REBNY • Updated 9/19/26, 2:43 PM EST

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Location

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733 Ocean Parkway #3B, Kensington, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2015
Year Built
11 years old
9
Floors
30
Residential Units
R7A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $2,201,855
Land Value: $259,660
Exemptions: $2,119,322

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

Lot Area: 6,075 SF
Building Area: 21,729 SF
Built FAR: 3.58
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 common charges are $233.93 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $150.96, or roughly $13 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 465 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2023, making it approximately 3 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with Milton Coste.

At the current list price of $450,000 for 465 sq ft, the asking price per square foot is approximately $968. 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 milton@miltoncoste.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: RLS20115686
First Listed: 9/17/2026
On Market: 9/17/2026
Price Changed: 9/17/2026
Contract Date: 8/17/2026

Listing Courtesy of Compass - Alyssa S Morris

Listing Contact: (917) 848-9478

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 9/19/2026 at 6:43 PM UTC

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Kensington Market Update

11 sales last 30 days · $615K median · 4.1 months supply

Read Full Report

New listings in this neighborhood

Quick Facts

Status Active Type Condo Neighborhood Kensington Borough Brooklyn
County Kings
Floor 3 of 8
Year Built 2023
First Listed 9/17/2026
Living Area 465 sqft
Common Charges $233.93/mo
Annual Tax $150.96

Monthly Costs Estimate

Down Payment 20%

$90,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $233.93
Est. Taxes $13
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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