525 Ocean Parkway

525 Ocean Parkway is a Co-op located in Kensington, Brooklyn. The building was first built in 1963 and is 61 years old. It was first renovated and altered in 2019. The lot that the building was built on is 128 feet wide and 140 feet long. The official lot area is listed as 17,920 square feet. The building itself is 128 feet wide and 106 feet long. In total, 525 Ocean Parkway has a total floor area of 62,226 square feet. Of that, 62,226 square feet are used for residential purposes. There are a total of 62 units. Of those, 62 are residential units. 525 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! Only cats are allowed in the building. There are 69 closings on record, of which we have matching data for 19 listings. In the past 3 years, a listing in this building will typically remain on the market for about 164 days and tend to sell below the original asking price of $639,000 by 11.79%. Meaning, listings tend to sell at a median of $576 price per square foot. The transaction that took the longest to complete was unit 5A, listed on Jul 28, 2022 for $649,000. This particular unit ultimately sold 367 days later for $572,500. The most recent transaction was for unit 1D, sold for $280,000 on Jan 29, 2024. Fun fact, the oldest transaction we have on record took place on Sep 10, 1973. See the full transaction history for 525 Ocean Parkway below.

Kensington, where 525 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 $639,000. For interested buyers, that means the building's median asking price is around 0.56% 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 are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $850,000. It is a 1,225 sqft 3 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $270,000. It is a 1 bedroom and 1 bathroom unit. A breakdown of active listings shows 1 one-bedroom, 1 three-bedroom, units for sale! The median price of all the active units for sale in the building is $560,000. Collectively, the median square footage of these active units for sale is 613 sqft. Active units for sale at 525 Ocean Parkway are mostly 2-bedroom apartments Active units for sale at 525 Ocean Parkway have a median count of 2 bedrooms and have a median count of 1.5 bathrooms.