SOLD FOR $465,000
· Sold at asking price · Closed August 10, 2022
$465,000
$383 per sq ft
575 Ocean Avenue #4-A
MLS® #RLS10788614
Listing by Compass
3
Bedrooms
2.5
Baths
1,213
Sq. Ft.
1926
Year Built
Sale Details
Property Summary
Description
Welcome to 575 Ocean Avenue Unit 4A. Located in Prospect Park South, this is a great affordable housing opportunity that would generally cost much more. It consists of a huge 3 bedroom, 1 1/2 bathroom apartment with over 1200 sqft of living space. In need of a makeover, this CoOp still holds tremendous value and an opportunity for the right buyer. Close to transportation, shopping, restaurants, schools, houses of worship and with just a short walk to Prospect Park, you cant ask for much more. A 20% minimum down payment is required and there is a 30% flip tax paid by the seller. . This is an HDFC cooperative with income restrictions- purchaser can not have made more than the amounts below in 2019 or 2020. Income limits are based on family size and only pertain to incoming buyers. . Family of 1 is $87,000 Family of 2 is $100,000 Family of 3 is $112,000 Family of 4 is $135,000 Family of 5 is $145,000 .
Property Details
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Listing courtesy of Gregory Valvo at Compass. 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. This 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.