Milton Coste

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(917) 416-7433

SOLD FOR $465,000

· Closed August 10, 2022

575 Ocean Avenue #4-A
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Closed For Sale Co-op

$465,000

$383 per sq ft

575 Ocean Avenue #4-A

Flatbush, Brooklyn

MLS® #RLS10788614

RLS at REBNY

Listing by Compass

3

Bedrooms

2.5

Baths

1,213

Sq. Ft.

1926

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2 full, 1 half
Living Area 1,213 sq ft
Year Built 1926
Ownership Co-op
Maintenance $906/mo
Neighborhood Flatbush
Floor 4 of 6

Property Highlights

  • Exposure: South,West facing
  • Style: Prewar architecture
  • Character: Pre-war building (1926)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 6
Baths 1 Full, 1 Half
Floor 4 of 6
Exposure South,West
Pets Yes
Cross Street Church Avenue/Tennis Court
Year Built 1926
Living Area 1,213 sq ft
Architectural Style Prewar
Block/Lot 5101/29

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 .

Building Information

Stories 6
Style Prewar

Financial Details

Maintenance $906/mo
Sale Price $465,000
Previous Price $499,000

Flatbush features one of Brooklyn's most varied housing stocks, including grand detached Victorians along Ocean Avenue, limestone and brownstone rowhouses, prewar apartment buildings, and brick townhomes within landmarked districts like Prospect Park South and Ditmas Park. The Q, 2, and 5 trains connect the neighborhood to Manhattan, while Prospect Park's 526 acres of green space border the northern edge. The restored Kings Theatre, a 1920s-era landmark performance venue, and Erasmus Hall High School, founded in 1786, are among the area's most notable architectural features.

Flatbush Live Market Data

View Neighborhood

Active Listings

41

Median Asking Price

$525K

Median $/Sqft

$480

Avg Days on Market

N/A

New This Week

2

Price Reduced

32%

Sold (30 Days)

4

Median Sale Price

$464K

Live data from RLS at REBNY • Updated 3/25/26, 7:36 AM EST

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Location

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575 Ocean Avenue #4-A, Flatbush, Kings County • Near Church Avenue/Tennis Court

Floor Plans

Floor Plan
MLS® ID: RLS10788614
First Listed: 11/17/2021
Price Changed: 8/10/2022
Closed: 8/10/2022
Contract Date: 11/13/2021

Listing Courtesy of Compass - Gregory Valvo

Listing Contact: (718) 795-6263

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 3/25/2026 at 11:36 AM UTC

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