---
title: "488 OCEAN Parkway #5E, Brooklyn, NY 11218"
description: "488 OCEAN Parkway #5E, Brooklyn, NY 11218 — NYC real estate listing on Real Estate Rebate Team. Priced at $499,000. Est. potential buyer savings up to $12,475 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/488-ocean-parkway-e-5E-ny-11218"
source: "Real Estate Rebate Team"
---

# 488 OCEAN Parkway #5E, Brooklyn, NY 11218

> **Listing Courtesy of:** Douglas Elliman Real Estate

## Description

This converted 2 bedroom apartment with a smart layout is in excellent condition, with a large living room, a spacious bedroom, a smaller 2nd bedroom, a new kitchen with a separate windowed dining room and a large foyer. The kitchen is in great shape: with white shaker cabinets, stainless appliances including a dishwasher & microwave, abundant quartz counters and also features a window with ample natural light from the eastern exposure and subway backsplash. The kitchen has been opened up a bit for a more natural flow into the separate dining space that also has an eastern facing window. The apartment boasts impressive, high end built-ins made with antique, repurposed wood, including a state-of-the-art home office: forget about cluttered cables and take your productivity to a higher level.
 This high floor unit brings in plenty of natural light any time of day from its eastern and treetop western views. Layouts like this one are rare.
 The bathroom offers neutral finishes, with subway tile shower surround, reglazed tub, a new vanity and fixtures. The main bedroom showers in natural light and can fit a king-sized bed. The current owners added a tasteful wall of closets there, in addition to the two existing ones, for all of your storage needs. There are hardwood floors throughout, and the closet space can't be beat. The condition and cleanliness of this apartment are such that you can literally open the entrance door, bring in your furniture and start enjoying it from day one. It is truly a rare find.
 This well-maintained elevator building has strong financials and a high owner occupancy, live-in super, central laundry, bike room, additional storage (waitlisted), and a a waitlisted indoor garage.
 Location is unbeatable: Prime Kensington, with quick access to the ever changing shopping and dining landscapes of Cortelyou Corridor. Prospect Park is way within reach and you are minutes from Q train on Cortelyou Road, F train Ditmas Avenue stop, and Express Buses to Manhattan. This building is cat friendly, sorry no dogs (registered ESA and Service Animals are excluded from this restriction). Flip tax is $4.25 per share, paid by the seller. There are no assessments at this time. Don't be left behind: schedule your viewing today or visit the next open house.

## Property Details

- **Price**: $499,000
- **Potential Buyer Rebate**: $12,475
- **Bedrooms**: 2
- **Bathrooms**: 1
- **Living Area**: 850 sqft
- **Property Type**: Residential
- **Year Built**: 1958
- **Building**: The Edgewood
- **Neighbourhood**: Kensington
- **Area / Borough**: Brooklyn
- **Subdivision**: Kensington
- **Listing Office**: Douglas Elliman Real Estate
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$12,475** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/the-edgewood)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/kensington)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

---

> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> 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.