Park Towers

Park Towers is a Co-op located 370 Ocean Parkway, in Kensington, Brooklyn. The building was first built in 1961 and is 63 years old. The lot that the building was built on is 180 feet wide and 150 feet long. The official lot area is listed as 33,000 square feet. The building itself is 175 feet wide and 53 feet long. In total, 370 Ocean Parkway has a total floor area of 111,861 square feet. Of that, 111,861 square feet are used for residential purposes. There are a total of 133 units. Of those, 133 are residential units. 370 Ocean Parkway has a total of 12 floors.

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! 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. Only cats are allowed in the building. There are 122 closings on record, of which we have matching data for 50 listings. In the past 3 years, a listing in this building will typically remain on the market for about 141 days and tend to sell below the original asking price of $575,000 by 2.67%. Meaning, listings tend to sell at a median of $537 price per square foot. The transaction that took the longest to complete was unit 4A, listed on Aug 01, 2022 for $689,000. This particular unit ultimately sold 332 days later for $695,000. The most recent transaction was for unit 4C, which was first advertised on Sep 26, 2023, sold for $680,000 on Jan 16, 2024. Fun fact, the oldest transaction we have on record took place on Dec 29, 1966. See the full transaction history for Park Towers below.

Kensington, where 370 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 $575,000. For interested buyers, that means the building's median asking price is around 0.40% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $550,000. It is a 1-bedroom and 1-bathroom unit.