--- title: "575 OCEAN Avenue #4B, New York City, NY 11226" description: "575 OCEAN Avenue #4B, New York City, NY 11226 — Flatbush, New York City, NY. Listing Price $249,000. 1 bed, 1 bath Illustrative Buyer Commission Share of $3,735 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11226/575-ocean-avenue-4b-ny-11226" source: "Real Estate Rebate Team" status: "Active" --- # 575 OCEAN Avenue #4B, New York City, NY 11226 Flatbush, New York City, NY Courtesy of Corcoran Group ## At a Glance - **Listing Price**: $249,000 - **Beds**: 1 - **Baths**: 1 - **Common Charges**: $642 / 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**: $249,000 - **Illustrative Buyer Commission Share**: -$3,735* - **Illustrative Net Cost**: $245,265 *Illustrative Buyer Savings of $3,735 — 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 (6) ![575 OCEAN Avenue #4B, New York City, NY 11226 — photo 1 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ada0cfec-3f52-4746-bedc-9a95b5a099f9.jpg) ![575 OCEAN Avenue #4B, New York City, NY 11226 — photo 2 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4de4c970-ed15-4f4d-971f-253014f297bc.jpg) ![575 OCEAN Avenue #4B, New York City, NY 11226 — photo 3 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d7f4dab3-d431-4d60-af4a-7e595111b85a.jpg) ![575 OCEAN Avenue #4B, New York City, NY 11226 — photo 4 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/51baf1b1-2bd1-4396-9ab7-766032af26a3.jpg) ![575 OCEAN Avenue #4B, New York City, NY 11226 — photo 5 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6b02fa90-69da-4474-8d93-666e55dcd455.jpg) ![575 OCEAN Avenue #4B, New York City, NY 11226 — photo 6 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0516e151-1f23-4515-9b7e-555f39b019ce.jpg) ## Property Overview Spacious & Bright One-Bedroom HDFC Cooperative in Flatbush Welcome to this generously proportioned one-bedroom great value, one-bathroom HDFC cooperative offering a classic pre-war layout, abundant natural light, and plenty of room to make the space your own. Located on the 4th floor of an elevator building, Apartment 4B features desirable southern and western exposures with open neighborhood views. The oversized living room offers excellent flexibility for separate living, dining, and work-from-home areas, while the spacious bedroom easily accommodates a full bedroom setup with room to spare. The apartment retains charming pre-war details including hardwood and tiles floors, high ceilings, and generous room proportions. A separate, windowed eat-in kitchen provides ample cabinetry and workspace, while the windowed bathroom features a full-size soaking tub. Multiple closets throughout the apartment provide valuable storage. This is a wonderful ownership opportunity for an income-qualified purchaser looking to build equity and own a spacious home at an attractive price point. The seller is seeking an all-cash purchaser. HDFC Income Restrictions - This is an HDFC cooperative with income restrictions. Purchaser(s) may use the 2026 120 percent AMI limits below as a guide. Actual income eligibility should be independently confirmed based on the cooperative's requirements. 1 Household: $142,560 2 Household: $162,840 3 Household: $183,240 Income restrictions apply to incoming purchasers. There are no stated restrictions on assets or future income once you become a shareholder. Building & Purchase Details The cooperative consists of 63 units, and the apartment represents 250 cooperative shares. The building has a live-in superintendent. This apartment must be used as the purchaser's primary residence. Gifting toward the purchase price is permitted. While the cooperative permits financing of up to 80 percent of the purchase price, the co-op is currently seeking an all-cash offer. Dishwashers are permitted with board approval, and pets are considered on a case-by-case basis. A terrific opportunity for an income-qualified all cash offer seeking a large, bright one-bedroom with an excellent layout, classic pre-war character, and long-term ownership potential. Please contact me for viewing information. ## Property Details - **Property Type**: Co-op - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Stories**: 6 - **Year Built**: 1926 - **Common Charges**: $642 / Monthly - **Listed On**: Aug 14, 2026 - **Days on Market**: 25 Days ### Residence Features - Private Outdoor Space Over 60 Sqft - Washer Dryer Allowed - City ## Sales Evidence ### Recent closed sales One apartment at 575 OCEAN Avenue has a recorded sale since September 2021, the most recent for $465,000 in August 2022. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 4-A (Apartment) | 3 | 1,213 | $465,000 | $383/ft² | August 8, 2022 | 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 co-op one-bedroom sales in Flatbush is $325,000, based on 19 sales between September 2024 and May 2026. This home is asking $249,000, $76,000 below that median. The middle half of those sales closed between $277,500 and $419,000. - **Median closed price**: $325,000 - **Middle half**: $277,500 – $419,000 - **Based on**: 19 co-op one-bedroom sales in Flatbush - **Period**: September 2024 – May 2026 Square footage is recorded for only 5 of these 19 sales (26%), 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 17 of these sales with a published asking price, the median closed at 96.9% of what it originally asked. 71% 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 Flatbush instead. ### How these sales were negotiated - **Sold vs original ask**: 96.9% of the original ask - **Closed below ask**: 71% of 17 sales - **Listed → in contract**: 106 days (about 15 weeks) - **In contract → closed**: 98 days (about 14 weeks) Across the 17 of these sales with a published asking price, the median closed at 96.9% of what it originally asked. 71% of them closed below the original ask. Half of these homes were in contract within 106 days (about 15 weeks) of coming to market, based on the 17 with a recorded listing date. Once a deal was agreed, closing took a further 98 days (about 14 weeks), based on the 17 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 19 co-op one-bedroom sales in Flatbush, September 2024 – May 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 one-bedroom sales in Flatbush, 2017 to 2024. 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 | $315,000 | 11 | | 2018 | $390,000 | 11 | | 2019 | $308,250 | 14 | | 2020 | $304,635 | 18 | | 2021 | $300,000 | 17 | | 2022 | $300,000 | 19 | | 2023 | $328,000 | 10 | | 2024 | $420,000 | 11 | 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 Flatbush 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 575 OCEAN Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/575-ocean-avenue) ## About The Building ### 575 OCEAN Avenue 575 OCEAN Avenue, Brooklyn, NY 11226 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1926 - **Total Units**: 1 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/575-ocean-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [4B](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11226/575-ocean-avenue-4b-ny-11226) | 1 | 1 | — | — | $249,000 | Corcoran Group | Aug 14, 2026 | 25 days | ## Estimated Monthly Payment **$1,901 / month**, assuming a 20% down payment ($49,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $1,259 - **Common Charges**: $642 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Flatbush Overview of Flatbush [Explore Flatbush](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/flatbush) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Flatbush - [Kensington real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/kensington) - [Windsor Terrace real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/windsor-terrace) - [East Flatbush real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-flatbush) - [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) ## Related Links - [575 OCEAN Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/575-ocean-avenue) - [Flatbush neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/flatbush) - [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.