Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $580,000

· Closed August 6, 2025

702 Ocean Parkway #5R
Closed For Sale Condo

$580,000

$543 per sq ft

702 Ocean Parkway #5R

Kensington, Brooklyn

MLS® #RLS20021001

RLS at REBNY

Listing by Compass

2

Bedrooms

2

Baths

1,069

Sq. Ft.

2004

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,069 sq ft
Year Built 2004
Ownership Condo
HOA/Common Charges $769/mo
Property Taxes $7,968/yr
Neighborhood Kensington
Floor 5 of 8

Property Highlights

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

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 2 Full
Floor 5 of 8
Exposure West
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 2004
Living Area 1,069 sq ft
Structure Type MixedUse
Flooring Hardwood
Furnished Unfurnished
Block/Lot 05423/0000

Listing History

Event Date Price Change
Listed May 2, 2025 $599,000 -
Currently May 7, 2026 $580,000 -3.2%

Description

Newly refinished floors and full apartment painting in process. ?Thoughtfully designed 2-bedroom, 2-bathroom condo with private keyed elevator access and? 68 sq ft ?Private Balcony. Nestled on the corner of the fifth floor, ?with lush treetop and city views the condo is beautifully lit with natural light streaming in from the east, north, and west? throughout the day. The living room's open layout provides a spacious area ideal for entertaining, seamlessly flowing into the modern ?windowed kitchen? with stainless steel appliance suite. Step outside to your own private ?balcony, where you can enjoy your morning coffee with tranquil treetop ?and expansive city view?s. The primary bedroom is spacious? enough for a king size bed, featuring three custom closets, while the primary bathroom boasts an oversized stall shower. The second bedroom also includes a custom closet and is conveniently located next to the second bathroom, complete with a bathtub/shower. Added conveniences include: an in unit ?a Bosch washer and dryer unit, recessed lighting? throughout, custom light dimmers, and ?remote controlled HVAC units in each room.? The apartment also comes with a 25 sq ft storage closet in the basement.? The Parkville Condominium? built in 2004, offers a large common roof deck with spectacular views of the Manhattan skyline, Coney Island, and the Verrazano Bridge. Enjoy the close by vibrant neighborhoods in Kensington and Ditmas Park with easy access to the F, B & Q lines, and a variety of restaurants, cafes, bars, and shops on Cortelyou Road and Newkirk Plaza. Don't miss this ?amazing value opportunity to own a ?beautiful 2BR 2 Bath apartment at an excellent price in a great location! NOTE: An additional monthly assessment of $476 is currently in place to remain in compliance with local law 11 for facade repair work. Ask Broker for additional details - Seller willing to contribute.

Features & Amenities

Interior Features

Granite Counters Building Washer Dryer Install Allowed In Unit Flooring: Hardwood

Exterior Features

Balcony Private Outdoor Space Over60 Sqft Balcony

Building Amenities

Elevators Security System

Appliances

Dishwasher Gas Cooktop Gas Oven Refrigerator Stainless Steel Appliances

Building Information

Building Data View Compliance & Permits
Total Units 25
Stories 8
Structure MixedUse

Financial Details

Common Charges $769/mo
RE Taxes $7,968/yr ($664/mo)
Original Price $599,000
Sale Price $580,000
Previous Price $599,000

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

51

Median Asking Price

$640K

Median $/Sqft

$805

Avg Days on Market

N/A

New This Week

3

Price Reduced

20%

Sold (30 Days)

5

Median Sale Price

$620K

Live data from RLS at REBNY • Updated 5/7/26, 11:15 AM EST

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Location

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702 Ocean Parkway #5R, Kensington, Kings County

Building Information

Official NYC property records for this building

2004
Year Built
22 years old
8
Floors
15
Residential Units
R7A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $1,604,919
Land Value: $149,407
Exemptions: $0

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

Lot Area: 4,422 SF
Building Area: 16,630 SF
Built FAR: 3.76
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 $769 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $7,968, or roughly $664 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,069 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2004, making it approximately 22 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.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $580,000 for 1,069 sq ft, the asking price per square foot is approximately $543. 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 [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: RLS20021001
First Listed: 5/2/2025
On Market: 5/2/2025
Price Changed: 8/6/2025
Closed: 8/6/2025
Contract Date: 4/10/2025

Listing Courtesy of Compass - Janine A Young

Listing Contact: (504) 710-6413

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 5/7/2026 at 3:15 PM UTC

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