Kensington Terrace

Kensington Terrace is a Co-op located 160 Ocean Parkway, in Kensington, Brooklyn. The building was first built in 1956 and is 68 years old. The lot that the building was built on is 100 feet wide and 150 feet long. The official lot area is listed as 15,000 square feet. The building itself is 100 feet wide and 97 feet long. In total, 160 Ocean Parkway has a total floor area of 58,200 square feet. Of that, 58,200 square feet are used for residential purposes. There are a total of 55 units. Of those, 55 are residential units. 160 Ocean Parkway has a total of 6 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Residents who own pets will be happy to hear that the building is pet-friendly. There are 31 closings on record, of which we have matching data for 7 listings. In the past 3 years, a listing in this building will typically remain on the market for about 171 days and tend to sell below the original asking price of $380,000 by 7.14%. Meaning, listings tend to sell at a median of $542 price per square foot. The transaction that took the longest to complete was unit 2E, listed on Sep 04, 2021 for $540,000. This particular unit ultimately sold 277 days later for $470,000. The most recent transaction was for unit 4J, which was first advertised on May 11, 2022, sold for $489,000 on Oct 17, 2022. Fun fact, the oldest transaction we have on record took place on Sep 11, 1985. See the full transaction history for Kensington Terrace below.

Kensington, where 160 Ocean Parkway is located, has a median asking price of $410,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $380,000. For interested buyers, that means the building's median asking price is around 0.07% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.