Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
525 OCEAN Parkway #5K
Active For Sale Co-op

$699,000

525 OCEAN Parkway #5K

Kensington, Brooklyn

MLS® #RLS20061896

RLS at REBNY

Listing by Douglas Elliman Real Estate

2

Bedrooms

1

Bath

Sq. Ft.

1963

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Year Built 1963
Ownership Co-op
Maintenance $1,039/mo
Parking Garage
Neighborhood Kensington
Floor 5 of 6

Property Highlights

  • Views: City
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Floor 5 of 6
View City
Pets Yes
Year Built 1963
Parking Garage Available
Structure Type HighRise
Basement Other
Parcel # 05400-0091-00525-000-000005K
Block/Lot 05400/0091

Description

Prime Kensington opportunity at 525 Ocean Parkway! This beautifully renovated two-bedroom co-op with a private balcony offers a bright, comfortable layout and modern finishes throughout. Enter into a proper foyer with a coat closet that leads to a spacious dining area and an oversized living room with direct access to a balcony large enough for a seating or dining setup. The windowed two-tone eat-in kitchen features generous counter space, stainless steel appliances (including a dishwasher and microwave), and abundant soft-closing cabinetry. The sleek, contemporary bathroom offers two shower options, a stylish acrylic tub, a modern vanity, and a concealed medicine cabinet with integrated defogger. The king-size primary bedroom benefits from western light, while the second bedroom enjoys both northern and western exposures. Closet space is excellent, and the hardwood floors have been beautifully refinished throughout. One brand new A/C in the living room is included with the purchase. Ceiling fans will elevate your lifestyle. If you are a fan of sunsets - 5K is your place to enjoy them!

525 Ocean Parkway is a professionally managed elevator building with a live-in super and porter, a first-floor laundry room, and waitlisted parking for $175 per month. Cats and dogs are allowed with prior approval. Unlimited subletting is permitted after two years of ownership. Reasonable maintenance includes real estate taxes and all utilities except electricity.

Located just a block from Cortelyou Road at the crossroads of Kensington and Ditmas Park, you'll be moments from popular cafés, dining, and conveniences. Transportation is easy with the Q and F trains nearby, as well as an express bus stop on Cortelyou. The flip tax is $40 per share.

With mortgage rates continuing to ease, now is a great time to make your offer.

Features & Amenities

Interior Features

Building Other

Exterior Features

Building Roof Deck Private Outdoor Space Over60 Sqft

Building Amenities

Elevators

Building Information

Total Units 62
Stories 6
Structure HighRise

Financial Details

Maintenance $1,039/mo

Kensington offers a unique residential experience with a blend of urban convenience and local charm. The real estate market provides a variety of options for buyers seeking space, value, and a strong sense of community in one of New York City's evolving neighborhoods.

Kensington Live Market Data

View Neighborhood

Active Listings

42

Median Asking Price

$787K

Median $/Sqft

$907

Avg Days on Market

N/A

New This Week

3

Price Reduced

19%

Sold (30 Days)

8

Median Sale Price

$500K

Live data from RLS at REBNY • Updated 2/16/26, 6:28 AM EST

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Location

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525 OCEAN Parkway #5K, Kensington, Kings County

MLS® ID: RLS20061896
First Listed: 12/1/2025
On Market: 12/1/2025
Price Changed: 12/1/2025
Contract Date: 12/1/2025

Listing Courtesy of Douglas Elliman Real Estate - Oleg Polonsky

Listing Contact: (646) 256-0899

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.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 11:28 AM UTC

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