Imperial House

Imperial House is a Co-op located 540 Ocean Parkway, in Kensington, Brooklyn. The building was first built in 1962 and is 64 years old. The lot that the building was built on is 220 feet wide and 150 feet long. The official lot area is listed as 33,000 square feet. The building itself is 220 feet wide and 120 feet long. In total, 540 Ocean Parkway has a total floor area of 130,496 square feet. Of that, 130,496 square feet are used for residential purposes. There are a total of 114 units. Of those, 114 are residential units. 540 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! There are 48 closings on record, of which we have matching data for 11 listings. In the past 3 years, a listing in this building will typically remain on the market for about 186 days and tend to sell below the original asking price of $499,999 by 12.24%. Meaning, listings tend to sell at a median of $418 price per square foot. The transaction that took the longest to complete was unit 3H, listed on Nov 04, 2022 for $424,999. This particular unit ultimately sold 355 days later for $385,000. The most recent transaction was for unit 3H, which was first advertised on Nov 04, 2022, sold for $385,000 on Oct 26, 2023. Fun fact, the oldest transaction we have on record took place on Sep 22, 1967. See the full transaction history for Imperial House below.

Kensington, where 540 Ocean Parkway is located, has a median asking price of $439,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $499,999. For interested buyers, that means the building's median asking price is around 0.14% 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 $372,500. It is a 1,000 sqft 1-bedroom and 1-bathroom unit.