Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $400,000

Listed at $390,000 · Sold 2.6% above asking · Closed June 23, 2025

488 Ocean Parkway #3F
Closed For Sale Co-op

$390,000

488 Ocean Parkway #3F

Kensington / Ocean Pkwy, Brooklyn

MLS® #RLS20011618

RLS at REBNY

Listing by Keller Williams NYC

1

Bedroom

1

Bath

N/A

Sq. Ft.

1958

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Lot Size 12,000 sq ft
Year Built 1958
Ownership Co-op
Maintenance $623.31/mo

Property Highlights

  • Location: Kensington / Ocean Pkwy, Brooklyn
  • Property Type: Co-op
  • Built: 1958

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Pets Yes
Year Built 1958
Structure Type HighRise
Furnished Unfurnished
Lot Size 12,000 sq ft
Parcel # 05389-0041-00488-000-000003F
Block/Lot 05389/0041

Listing History

Event Date Price Change
Listed Mar 25, 2025 $390,000 -
Currently Apr 28, 2026 $390,000 -

Description

Located on the idyllic Ocean Parkway in Brooklyn’s charming Kensington neighborhood, this gut-renovated one-bedroom apartment offers modern comforts in a classic setting. Thoughtfully updated, the home features gleaming hardwood floors throughout the home, sunny southern exposure, and abundant closet space. The stylish stainless steel kitchen is equipped with a dishwasher, microwave, oversize quartz countertops and plenty of cabinet space, perfect for both cooking and entertaining. A brand-new bathroom adds a fresh and modern touch. Situated in a well-maintained co-op building, residents enjoy the convenience of an elevator, on-site laundry, and a live-in superintendent. The pet-friendly community also offers storage (waitlist). With easy access to Prospect Park, local shops, and transportation, this is a fantastic opportunity to enjoy comfort and convenience in one of Brooklyn’s most desirable neighborhoods.

Features & Amenities

Interior Features

Building In Basement In Basement

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Total Units 49
Stories 6
Structure HighRise

Financial Details

Maintenance $623.31/mo
Sale Price $400,000

About Kensington / Ocean Pkwy

View All Kensington / Ocean Pkwy Listings

Kensington / Ocean Pkwy features a mix of classic brownstone rowhouses and established co-op buildings. The area is served by major transit lines and is situated near community parks. These architectural staples ground the neighborhood's residential character within NYC.

Kensington / Ocean Pkwy Live Market Data

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Active Listings

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Median Asking Price

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Median $/Sqft

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Avg Days on Market

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New This Week

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Price Reduced

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Sold (30 Days)

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Live data from RLS at REBNY • Updated 4/28/26, 10:06 AM EST

Recently Sold in Kensington / Ocean Pkwy

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Location

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488 Ocean Parkway #3F, Kensington / Ocean Pkwy, Kings County

Building Information

Official NYC property records for this building

1958
Year Built
68 years old
6
Floors
49
Residential Units
R7A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $1,432,350
Land Value: $297,000
Exemptions: $20,610

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

Lot Area: 12,000 SF
Building Area: 43,116 SF
Built FAR: 3.59
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 $623.31 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1958, making it approximately 68 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 [email protected]. 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: RLS20011618
First Listed: 3/25/2025
On Market: 3/25/2025
Price Changed: 3/25/2025
Closed: 6/23/2025
Contract Date: 3/25/2025

Listing Courtesy of Keller Williams NYC - Melissa C Leifer

Listing Contact: (212) 897-2856

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 4/28/2026 at 2:06 PM UTC

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