--- title: "525 OCEAN Parkway #4J, New York City, NY 11218" description: "525 OCEAN Parkway #4J, New York City, NY 11218 — Kensington, New York City, NY. Listing Price $694,000. 2 bed, 2 bath Illustrative Buyer Commission Share of $10,410 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/525-ocean-parkway-4j-ny-11218" source: "Real Estate Rebate Team" dateModified: "2026-09-08T03:16:38.773Z" status: "Active" --- # 525 OCEAN Parkway #4J, New York City, NY 11218 Kensington, New York City, NY Courtesy of Douglas Elliman Real Estate Last updated: September 7, 2026, 11:16 PM ## At a Glance - **Listing Price**: $694,000 - **Beds**: 2 - **Baths**: 2 - **Common Charges**: $1,264 / 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**: $694,000 - **Illustrative Buyer Commission Share**: -$10,410* - **Illustrative Net Cost**: $683,590 *Illustrative Buyer Savings of $10,410 — 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) ![525 OCEAN Parkway #4J, New York City, NY 11218 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e9824614-de5c-489a-9bb7-cbceb1e7e3ac.jpg) ![525 OCEAN Parkway #4J, New York City, NY 11218 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/68062124-6480-4bdd-8f35-bc1987d12b17.jpg) ![525 OCEAN Parkway #4J, New York City, NY 11218 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cce481ce-b587-4687-a4f8-abb2c9a2f0a2.jpg) ![525 OCEAN Parkway #4J, New York City, NY 11218 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5fdf36cf-f2ec-4698-b643-c54d035f9bff.jpg) ![525 OCEAN Parkway #4J, New York City, NY 11218 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/af1826bc-b8c9-4824-9e72-aff86f476930.jpg) ![525 OCEAN Parkway #4J, New York City, NY 11218 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cd43a829-e634-4c1d-94d9-90695e9cb192.jpg) ![525 OCEAN Parkway #4J, New York City, NY 11218 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1d694229-c4cf-4f1b-8920-15eb4450504c.jpg) ![525 OCEAN Parkway #4J, New York City, NY 11218 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/58fca209-f3e9-4dca-8bdb-e98b286ca2c3.jpg) ![525 OCEAN Parkway #4J, New York City, NY 11218 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/256cfcea-8ecf-4413-a24a-d68a485e46bf.jpg) ![525 OCEAN Parkway #4J, New York City, NY 11218 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6735b1f2-182d-4397-b369-24ab33be4c0f.jpg) ## Property Overview Looking for a home with enough space to grow into and enjoy for many years to come? Look no further: this truly spacious residence is the one not to be missed. The bright, east-facing living and dining area is exceptionally large and opens directly onto a generously sized, recently renovated balcony - an inviting extension of the living space well suited for outdoor dining and entertaining. Just off the living area is a true eat-in kitchen offering abundant countertop space, generous cabinetry, and a dishwasher. The king-sized primary bedroom faces east and features two closets, providing both impressive proportions and excellent storage. The second bedroom is surprisingly spacious as well, with a western exposure and two closets. While some updating and upgrades would enhance the apartment, the highly competitive asking price-not only for Kensington, but also compared with neighboring Ditmas Park and Windsor Terrace-leaves plenty of room to make improvements and create a home that truly reflects your style. 525 Ocean Parkway is a professionally managed elevator building offering a live-in superintendent and porter, a first-floor laundry room, and waitlisted parking garage for $175 per month. Cats and dogs are permitted with prior approval, and unlimited subletting is allowed after two years of ownership. Reasonable monthly maintenance includes real estate taxes and all utilities except electricity. Ideally located just one block from Cortelyou Road at the crossroads of Kensington and Ditmas Park, the building puts popular cafés, restaurants, shopping, and everyday conveniences within easy reach. Commuting is convenient with both the Q and F trains nearby, along with express bus service on Cortelyou Road. The flip tax is $40 per share and is payable by the seller. In addition, there is a $1,000 transfer fee payable by the buyer and a separate $1,000 transfer fee payable by the seller. If you're searching for a spacious home with tremendous potential in one of Brooklyn's most established and convenient neighborhoods, Apartment 4J is ready to welcome you. ## Property Details - **Property Type**: Co-op - **Beds**: 2 - **Baths**: 2 - **Rooms**: 4 - **Stories**: 6 - **Year Built**: 1963 - **Common Charges**: $1,264 / Monthly - **Listed On**: Sep 7, 2026 - **Days on Market**: 2 Days ### Residence Features - Building Other - Building Roof Deck - Private Outdoor Space Over 60 Sqft - City ## Sales Evidence ### Recent closed sales 13 apartments at 525 OCEAN Parkway have recorded sales since September 2021, the most recent for $680,000 in June 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 5K (Apartment) | 2 | — | $680,000 | — | June 16, 2026 | City record · MLS | | 1D (Apartment) | 1 | — | $325,000 | — | July 25, 2025 | City record · MLS | | 2B (Apartment) | 3 | 1,226 | $895,000 | $730/ft² | July 15, 2025 | City record · MLS | | 6B (Apartment) | 3 | 1,225 | $830,000 | $678/ft² | August 16, 2024 | City record · MLS | | 2F (Apartment) | — | — | $265,000 | — | July 9, 2024 | City record | | 1D (Apartment) | — | — | $280,000 | — | January 29, 2024 | City record | | 2J (Apartment) | 2 | 1,200 | $770,000 | $642/ft² | January 9, 2024 | City record · MLS | | 5-A (Apartment) | 2 | — | $572,500 | — | July 31, 2023 | City record · MLS | | Entire property (Single Family Residence) | 4 | 1,700 | $1,995,000 | $1,174/ft² | March 7, 2023 | MLS | | Entire property (Single Family Residence) | 4 | — | $1,995,000 | — | February 24, 2023 | MLS | | 5J (Apartment) | 2 | 1,200 | $685,000 | $571/ft² | May 17, 2022 | City record · MLS | | 6J (Apartment) | — | — | $775,000 | — | March 1, 2022 | City record | | 2B (Apartment) | 3 | 1,226 | $865,000 | $706/ft² | October 4, 2021 | City record · MLS | 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 two-bedroom sales at 525 OCEAN Parkway is $682,500, based on 4 sales between May 2022 and June 2026. This home is asking $694,000, $11,500 above that median. The middle half of those sales closed between $653,125 and $706,250. - **Median closed price**: $682,500 - **Middle half**: $653,125 – $706,250 - **Based on**: 4 two-bedroom sales at 525 OCEAN Parkway - **Period**: May 2022 – June 2026 Square footage is recorded for only 2 of these 4 sales (50%), 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 3 of these sales with a published asking price, the median closed at 97.3% of what it originally asked. 67% of them closed below the original ask. ### How these sales were negotiated - **Sold vs original ask**: 97.3% of the original ask - **Closed below ask**: 67% of 3 sales - **Listed → in contract**: 73 days (about 10 weeks) - **In contract → closed**: 95 days (about 14 weeks) Across the 3 of these sales with a published asking price, the median closed at 97.3% of what it originally asked. 67% of them closed below the original ask. Half of these homes were in contract within 73 days (about 10 weeks) of coming to market, based on the 3 with a recorded listing date. Once a deal was agreed, closing took a further 95 days (about 14 weeks), based on the 3 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 4 two-bedroom sales at 525 OCEAN Parkway, May 2022 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op two-bedroom sales in Kensington, 2017 to 2025. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $650,000 | 15 | | 2018 | $650,000 | 19 | | 2019 | $649,500 | 16 | | 2021 | $649,000 | 27 | | 2022 | $692,500 | 20 | | 2023 | $707,500 | 12 | | 2024 | $751,000 | 10 | | 2025 | $653,500 | 18 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Kensington instead. 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 525 OCEAN Parkway](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/525-ocean-parkway) ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 62 apartments. The corporation’s 2026 property tax bill was $270,459 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 525 OCEAN Parkway](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/525-ocean-parkway) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 525 OCEAN Parkway Kensington · Stock Cooperative 525 OCEAN Parkway, Brooklyn, NY 11218 A building in Kensington, currently featuring 2 active listings. - **Year Built**: 1963 - **Total Units**: 2 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/525-ocean-parkway) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [4J](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/525-ocean-parkway-4j-ny-11218) | 2 | 2 | — | — | $694,000 | Douglas Elliman Real Estate | Sep 7, 2026 | 1 days | | [4A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/525-ocean-parkway-a-4A-ny-11218) | 2 | 1 | — | — | $599,000 | Douglas Elliman Real Estate | Jun 3, 2026 | 97 days | ## Estimated Monthly Payment **$4,773 / month**, assuming a 20% down payment ($138,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $3,509 - **Common Charges**: $1,264 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 - [525 OCEAN Parkway — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/525-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.