Under Contract – Backup offers may be accepted
525 OCEAN Parkway #5K
MLS® #RLS20061896
Listing by Douglas Elliman Real Estate
2
Bedrooms
1
Bath
N/A
Sq. Ft.
1963
Year Built
Quick Summary
Property Highlights
- Views: City
- Parking: Private garage
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Dec 1, 2025 | $699,000 | - |
| Currently | May 29, 2026 | $699,000 | - |
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
Exterior Features
Building Amenities
Building Information
Financial Details
About Kensington
View All Kensington ListingsKensington 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 NeighborhoodActive Listings
49
Median Asking Price
$649K
Median $/Sqft
$800
Avg Days on Market
N/A
New This Week
3
Price Reduced
22%
Sold (30 Days)
3
Median Sale Price
$975K
Live data from RLS at REBNY • Updated 5/29/26, 5:27 PM EST
Similar Listings in Kensington
View All
Active
275 Webster Avenue #3-F
Co-op • RLS #RLS20091535
Active
428 E 9TH Street #411
Condo • RLS #RLS20019609
Active
428 E 9TH Street #PH5
Condo • RLS #RLS20062776
Active
428 E 9TH Street #501
Condo • RLS #RLS20068874
Active
428 E 9TH Street #705
Condo • RLS #RLS20071059
Active
428 E 9TH Street #603
Condo • RLS #RLS20060589
Browse More NYC Properties
In This Neighborhood
By Property Type
By Borough
Location
525 OCEAN Parkway #5K, Kensington, Kings County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed monthly maintenance are $1,039 per month. Confirm the exact amount with the listing broker before making an offer.
This property has 2 bedrooms and 1 full bathroom.
According to MLS records, the building was constructed in 1963, making it approximately 63 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) 416-7433Listing 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.
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 Data display by Keller Williams NYC. Data last updated on 5/29/2026 at 9:27 PM UTC