--- title: "540 OCEAN Parkway #4H, New York City, NY 11218" description: "540 OCEAN Parkway #4H, New York City, NY 11218 — Kensington, New York City, NY. Listing Price $372,500. 1 bed, 1 bath, 1,000 sqft Illustrative Buyer Commission Share of $5,588 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/540-ocean-parkway-4h-ny-11218" source: "Real Estate Rebate Team" dateModified: "2026-10-21T19:32:25.062Z" status: "Active" --- # 540 OCEAN Parkway #4H, New York City, NY 11218 Kensington, New York City, NY Courtesy of Brown Harris Stevens Brooklyn LLC Last updated: October 21, 2026, 3:32 PM ## At a Glance - **Listing Price**: $372,500 - **Beds**: 1 - **Baths**: 1 - **Sqft**: 1,000 - **Common Charges**: $916 / mo - **Price per Sqft**: $373 - **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**: $372,500 - **Illustrative Buyer Commission Share**: -$5,588* - **Illustrative Net Cost**: $366,912 *Illustrative Buyer Savings of $5,588 — 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) ![540 OCEAN Parkway #4H, New York City, NY 11218 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b0d545ff-deeb-4e2c-a145-60bba72c0d59.jpg) ![540 OCEAN Parkway #4H, New York City, NY 11218 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/aec01181-1396-4592-9806-8a860459128c.jpg) ![540 OCEAN Parkway #4H, New York City, NY 11218 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a3ac0587-59ec-4dc0-a257-b189d4238d6d.jpg) ![540 OCEAN Parkway #4H, New York City, NY 11218 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ca950eba-c157-4e93-a335-174099fdb44f.jpg) ![540 OCEAN Parkway #4H, New York City, NY 11218 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cdcffdb3-254d-4683-bcdf-39b553c4bdd5.jpg) ![540 OCEAN Parkway #4H, New York City, NY 11218 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/50b661ec-5bc9-4d1f-9304-9e00724f06af.jpg) ![540 OCEAN Parkway #4H, New York City, NY 11218 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/54e372a8-5ee9-4b22-b4f7-4469f05534e1.jpg) ![540 OCEAN Parkway #4H, New York City, NY 11218 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d1dfce1b-79e2-4aee-bb0f-83d72ce95396.jpg) ![540 OCEAN Parkway #4H, New York City, NY 11218 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f2389d25-a6e7-48de-9ed2-9a2fd5c43074.jpg) ![540 OCEAN Parkway #4H, New York City, NY 11218 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9c058831-5dfc-4885-b031-6c2c9d641805.jpg) ## Property Overview Spacious One-Bedroom Co-op in Kensington, Brooklyn. Welcome to Imperial House! This spacious one-bedroom co-op features an extra-large living room with great natural light, hardwood floors, five large closets, and a private balcony overlooking Ocean Parkway. The generous layout offers potential for a second bedroom. Apartment Features: Private balcony facing Ocean Parkway Five large closets and ample storage Wall sleeves for air conditioners Building Amenities:Indoor parking garage Laundry room, storage, and elevator Intercom security and live-in superintendent Monthly Maintenance includes heat, hot water, cooking gas, and indoor parking garage. Co-op Requirements: Minimum 10% down payment, 2.5% flip tax, and subletting permitted after two years with board approval and a 15% sublet fee. Conveniently located in proximity to shopping on Ditmas Avenue and 18th Avenue, the B and F subway lines, multiple bus routes, parks, and major roadways. ## Property Details - **Property Type**: Co-op - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Sqft**: 1,000 sqft - **Stories**: 6 - **Year Built**: 1962 - **Price per Sqft**: $373 - **Common Charges**: $916 / Monthly - **Listed On**: Oct 21, 2026 - **Days on Market**: 1 Days ### Residence Features - Balcony - Private Outdoor Space Under 60 Sqft - City - Skyline ## Estimated Monthly Payment **$2,800 / month**, assuming a 20% down payment ($74,500), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $1,884 - **Common Charges**: $916 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $372,500 - **Median sold price**: $437,000 - **Difference**: -$64,500 (-14.8%) - **This home, $/ft²**: $373 - **Comparable sales**: 44 - **Sales from**: November 2024 – August 2026 - **Middle half of those sales**: $406,750 – $484,875 Based on co-op one-bedroom sales in Kensington. Square footage is recorded for only 18 of these 44 sales (41%), 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. 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 - **Sale-to-list price**: 99.7% (40 sales) - **Sold below asking**: 53% (40 sales) - **Typical time to find a buyer**: 49 days (43 sales) - **Typical time to close**: 96 days (43 sales) Based on co-op one-bedroom sales in Kensington with the required listing and closing data. Sample sizes vary by metric. 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. ### Price trend Median sale price, co-op one-bedroom sales in Kensington | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $445,000 | 18 | | 2018 | $436,100 | 27 | | 2019 | $465,000 | 11 | | 2020 | $460,000 | 17 | | 2021 | $400,000 | 39 | | 2022 | $438,000 | 33 | | 2023 | $485,000 | 19 | | 2024 | $432,000 | 26 | | 2025 | $420,000 | 28 | | 2026 YTD | $462,350 | 12 | Based on recorded co-op one-bedroom sales in Kensington. 2026 is year-to-date. Sales data through August 2026. 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 540 OCEAN Parkway](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/540-ocean-parkway) ## About The Building ### 540 OCEAN Parkway 540 OCEAN Parkway, Brooklyn, NY 11218 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1962 - **Active Units**: 1 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/540-ocean-parkway) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [4H](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11218/540-ocean-parkway-4h-ny-11218) | 1 | 1 | 1,000 sqft | $373 | $372,500 | Brown Harris Stevens Brooklyn LLC | Oct 21, 2026 | 1 days | ## 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 - [540 OCEAN Parkway — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/540-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.