525 Ocean Parkway #5A

Co-op in Kensington
In Contract
 for Sale at 525 Ocean Parkway, Brooklyn, NY 11218

10

 for Sale at 525 Ocean Parkway, Brooklyn, NY 11218
 for Sale at 525 Ocean Parkway, Brooklyn, NY 11218
 for Sale at 525 Ocean Parkway, Brooklyn, NY 11218
$595,000
2
Beds
2
Baths
Half Bath
Ft²
$/ft²
Acres
Cap Rate
Est. Monthly
Cap Rate
3.94%
Est. Monthly
$3,817
Spacious two bedroom apartment with private outdoor space for sale in an elevator building located in prime Kensingston.

Enter this apartment through a closet-lined hallway to discover a large living room leading to a private balcony overlooking Ocean Parkway. The apartment's living space faces west, promising spectacular sunsets.

Down the hall, you will find an enormous eat-in, south-facing kitchen featuring a dishwasher. Through the kitchen is the smaller of the two bedrooms. This space could also be used as an office or a separate dining room. Further down the hall, you will find the bathroom, a linen closet, and then the primary bedroom. The primary bedroom can comfortably accommodate a king-sized bed and boasts ample...

LISTING AGENT


Building Features

Parking

Garage ParkingParking Waitlist

Facilities

Bike RoomStorage AvailableLaundry Room

Services

Part-Time DoormanDoorman

Pet Policy

Cats AllowedDogs Allowed / Cats Allowed

Home Features

HVAC

Wall Units

Outdoor Space

Balcony

Exposure

South ExposureWest Exposure

Price History

Date/EventEventPrice
Apr 29, 2023 In contractIn contract-
Mar 22, 2023 Listed by CompassListed by Compass$595,000
Jan 1, 2023 No longer availableNo longer available-
Oct 13, 2022 RelistedRelisted$639,000
Aug 25, 2022 No longer availableNo longer available-
Jul 28, 2022 Listed by CityWide DealsListed by CityWide Deals$649,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$34,200
ExpensesPer Year
$10,740
Operating ProfitPer Year
$23,460
Cap rate
3.94%

Price Estimate

$689,000$600,950$512,900
20232024202520262027
Current Asking Price

$595,000

HopScore Market Price

$600,950

The current asking price is $5,950 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Sold
Condo
2
1
841 ft²
$656/ft²
$551,750
$699/mo
Sold
Coop
2
2
1,200 ft²
$571/ft²
$685,000
$941/mo
Sold
Coop
2
2
-
$579,000
$818/mo
Sold
Coop
2
1
1,150 ft²
$565/ft²
$650,000
$705/mo
Sold
Coop
2
2
1,100 ft²
$590/ft²
$649,000
$874/mo

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Building Info

525 Ocean Parkway525 Ocean Parkway, Brooklyn, NY 11218
  • 62 Units
  • 2 Units for Sale
More about this Building
525 Ocean Parkway
Want to find out who owns 525 Ocean Parkway, Brooklyn, NY 11218? Get detailed property transactions here .

Neighborhood

About Kensington

Stats & Trends

The median asking price in Kensington is $735,000.
  • Median Asking

    $735,000
  • Sale Price/ft²

    $654.07
  • Below Asking

    0.02%
  • Days on Market

    95

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Sales History

UnitBedsBathsft²Asking
Common Charges
Listed
Listing Status
Closed
Days on Market
Closing
Above/Below Asking
Buyer(s)
2
2
-
$595,000
-/mo
Mar 22, 2023
In Contract
-
-
-
-
-
1
1
-
$295,000
-/mo
Feb 7, 2023
Active
-
-
-
-
1
1
-
$410,000
-/mo
Jan 24, 2023
Active
-
-
-
-
5D
1
1
825
$425,000
-/mo
Aug 1, 2022
-
-
-
-
-
-
2
2
1,100
$649,000
-/mo
Jul 28, 2022
Expired
-
-
-
-
-
5J
2
2
1,200
$675,000
$941/mo
Oct 20, 2021
-
-
-
-
-
3
2
1,226
$849,000
$896/mo
May 25, 2021
Sold
Oct 4, 2021
132 days
$865,000
+1.88%
1
1
750
$349,000
$591/mo
Mar 5, 2021
Sold
Aug 16, 2021
164 days
$325,000
-6.88%
6K
2
1
1,150
$725,000
$740/mo
Nov 6, 2020
-
-
-
-
-
Stu
1
600
$280,000
$428/mo
Mar 5, 2020
Sold
Feb 3, 2021
335 days
$240,000
-14.29%

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Unit #5A, 525 Ocean Parkway, Brooklyn, NY 11218


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