--- title: "207 OCEAN Parkway #1J, New York City, NY 11218" description: "207 OCEAN Parkway #1J, New York City, NY 11218 — Kensington, New York City, NY. Listing Price $199,000. Studio bed, 1 bath Illustrative Buyer Commission Share of $2,985 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/207-ocean-parkway-j-1J-ny-11218" source: "Real Estate Rebate Team" status: "Active" --- # 207 OCEAN Parkway #1J, New York City, NY 11218 Kensington, New York City, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $199,000 - **Beds**: Studio - **Baths**: 1 - **Common Charges**: $1,581 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $199,000 - **Illustrative Buyer Commission Share**: -$2,985* - **Illustrative Net Cost**: $196,015 *Illustrative Buyer Savings of $2,985 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![207 OCEAN Parkway #1J, New York City, NY 11218 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c07d3080-d820-4d9f-91b2-34807045e016.jpg) ![207 OCEAN Parkway #1J, New York City, NY 11218 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/baad945b-e526-4a2c-be81-9589a03084f3.jpg) ![207 OCEAN Parkway #1J, New York City, NY 11218 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2383d670-c1d6-40d2-886c-e10a41c9a74c.jpg) ![207 OCEAN Parkway #1J, New York City, NY 11218 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/85c18fc9-1d7a-4559-af88-9db9aba3c171.jpg) ![207 OCEAN Parkway #1J, New York City, NY 11218 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/253b7547-dc4c-423e-af39-e8636dac8473.jpg) ![207 OCEAN Parkway #1J, New York City, NY 11218 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/83e8dfd4-48bc-4844-aa4a-7253831cf5e1.jpg) ![207 OCEAN Parkway #1J, New York City, NY 11218 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d4dba300-79e8-436b-9fad-72af2ef13e00.jpg) ![207 OCEAN Parkway #1J, New York City, NY 11218 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/411a5da8-9b30-4b95-af38-16bc618aa4ca.jpg) ![207 OCEAN Parkway #1J, New York City, NY 11218 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7bd106d0-8630-4e08-9383-79bd548d1bdc.jpg) ![207 OCEAN Parkway #1J, New York City, NY 11218 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2fc1b798-55bc-4292-8831-92d23e645485.jpg) ## Property Overview This commercial co-op is the one you were looking for and the one you can make your own. It is also available for rent. Allowed uses are: medical, non-profit, or government. It used to be a dental office, and the current owner stayed here for over 30 years before retiring. It boasts a separate entrance from Church Ave., plus a service entrance from the building lobby. Please, examine the floor plan for the current layout: some walls are temporary, and they can be removed if necessary. Monthly maintenance includes: heat, hot and cold water, and real estate taxes. This well-maintained elevator building features a full-time superintendent, a part-time porter, and a recently updated lobby. There is no waitlist for storage, and only a short one for the bike room. Building-wide improvements include replaced windows, updated circuit breaker panels, and a recently completed masonry work. There is 1 washer and 1 dryer on each floor. Enjoy convenient access to shopping and dining along Church Avenue, as well as popular restaurants in Kensington, Ditmas Park, and Windsor Terrace. The F and G trains are nearby, with B and Q trains just a short bus ride away. Express buses to Downtown and Midtown Manhattan stop right across the street. Up to two cats are permitted. No parking. Schedule a private tour today and secure your place in one of Brooklyn's most accessible and sought-after neighborhoods. ## Property Details - **Property Type**: Co-op - **Baths**: 1 - **Rooms**: 4 - **Stories**: 7 - **Year Built**: 1961 - **Common Charges**: $1,581 / Monthly - **Listed On**: Mar 6, 2026 - **Days on Market**: 191 Days ### Residence Features - Private Outdoor Space Over 60 Sqft ## Sales Evidence ### Recent closed sales 7 apartments at 207 OCEAN Parkway have recorded sales since September 2021, the most recent for $355,000 in March 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 3J (Apartment) | 1 | — | $355,000 | — | March 19, 2026 | City record · MLS | | 4K (Apartment) | 1 | 710 | $385,000 | $542/ft² | May 31, 2023 | City record · MLS | | 6C (Apartment) | 1 | 715 | $410,000 | $573/ft² | March 7, 2023 | City record · MLS | | 7A (Apartment) | 2 | — | $689,000 | — | January 5, 2023 | City record · MLS | | 6A (Apartment) | 2 | 1,108 | $721,000 | $651/ft² | August 18, 2022 | City record · MLS | | 4G (Apartment) | 1 | 715 | $380,000 | $531/ft² | July 13, 2022 | City record · MLS | | 2B (Apartment) | 1 | 630 | $220,000 | $349/ft² | December 21, 2021 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable co-op studio sales in Kensington is $300,000, based on 11 sales between September 2024 and June 2026. This home is asking $199,000, $101,000 below that median. The middle half of those sales closed between $288,750 and $310,000. - **Median closed price**: $300,000 - **Middle half**: $288,750 – $310,000 - **Based on**: 11 co-op studio sales in Kensington - **Period**: September 2024 – June 2026 Square footage is recorded for only 6 of these 11 sales (55%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. Across the 10 of these sales with a published asking price, the median closed at 96.2% of what it originally asked. 70% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Kensington instead. ### How these sales were negotiated - **Sold vs original ask**: 96.2% of the original ask - **Closed below ask**: 70% of 10 sales - **Listed → in contract**: 122 days (about 17 weeks) - **In contract → closed**: 96 days (about 14 weeks) Across the 10 of these sales with a published asking price, the median closed at 96.2% of what it originally asked. 70% of them closed below the original ask. Half of these homes were in contract within 122 days (about 17 weeks) of coming to market, based on the 10 with a recorded listing date. Once a deal was agreed, closing took a further 96 days (about 14 weeks), based on the 10 with both dates recorded. A co-op board package and its interview account for much of that. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 11 co-op studio sales in Kensington, September 2024 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 207 OCEAN Parkway](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/207-ocean-parkway) ## Price and Property History for 207 OCEAN Parkway, Unit 1J Review the recorded listing activity for 207 OCEAN Parkway, Unit 1J, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $30,000, or 13.1%, on August 4, 2026 - **Originally listed**: February 8, 2026 at $259,500 - **Current asking price**: $199,000 | Date | Price | Listing event | | --- | --- | --- | | August 4, 2026 | $199,000 | Asking price reduced by $30,000, or 13.1% | | July 14, 2026 | $229,000 | Asking price reduced by $10,500, or 4.4% | | February 8, 2026 | $259,500 | Listed for sale by Douglas Elliman Real Estate | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 61 apartments. The corporation’s 2026 property tax bill was $335,715 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 207 OCEAN Parkway](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/207-ocean-parkway) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 207 OCEAN Parkway Kensington · Stock Cooperative 207 OCEAN Parkway, Brooklyn, NY 11218 A building in Kensington, currently featuring 1 active listing. - **Year Built**: 1961 - **Total Units**: 1 - **Floors**: 7 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/207-ocean-parkway) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [1J](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/207-ocean-parkway-j-1J-ny-11218) | Studio | 1 | — | — | $199,000 (-13.1%) | Douglas Elliman Real Estate | Mar 6, 2026 | 190 days | ## Estimated Monthly Payment **$2,587 / month**, assuming a 20% down payment ($39,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $1,006 - **Common Charges**: $1,581 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Kensington Overview of Kensington [Explore Kensington](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/kensington) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Kensington - [Flatbush real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/flatbush) - [Borough Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/borough-park) - [Windsor Terrace real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/windsor-terrace) - [Midwood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/midwood) - [Prospect Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park) - [South Slope real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/south-slope) ## Related Links - [207 OCEAN Parkway — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/207-ocean-parkway) - [Kensington neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/kensington) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.