---
title: "733 Ocean Parkway #7-C, New York City, NY 11230"
description: "733 Ocean Parkway #7-C, New York City, NY 11230 — Kensington, New York City, NY. Listing Price $849,000. Price Reduced: Reduced $20,000 (2.3%) from $869,000 on October 1, 2026. 2 bed, 2 bath, 937 sqft Illustrative Buyer Commission Share of $12,735 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11230/733-ocean-parkway-c-7C-ny-11230"
source: "Real Estate Rebate Team"
dateModified: "2026-10-01T13:23:56.863Z"
status: "Active"
---

# 733 Ocean Parkway #7-C, New York City, NY 11230

Kensington, New York City, NY

**Sponsor Residence**

Courtesy of Keller Williams Realty Empire

Last updated: October 1, 2026, 9:23 AM

## At a Glance

- **Listing Price**: $849,000
- **Price Reduced**: Reduced $20,000 (2.3%) from $869,000 on October 1, 2026
- **Beds**: 2
- **Baths**: 2
- **Sqft**: 937
- **Common Charges**: $476 / mo
- **Monthly Taxes**: $25 / mo
- **Price per Sqft**: $906
- **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**: $849,000
- **Illustrative Buyer Commission Share**: -$12,735*
- **Illustrative Net Cost**: $836,265

*Illustrative Buyer Savings of $12,735 — 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 (10)

![733 Ocean Parkway #7-C, New York City, NY 11230 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7df6331e-dca2-482d-96c6-2dc85c83294d.jpg)
![733 Ocean Parkway #7-C, New York City, NY 11230 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/645c2db2-5982-48e4-a704-be69f7e578a4.jpg)
![733 Ocean Parkway #7-C, New York City, NY 11230 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/78ff992e-3212-49ed-8806-e9d676cb4867.jpg)
![733 Ocean Parkway #7-C, New York City, NY 11230 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e65d2fec-1f84-4f0c-b720-0476fa101843.jpg)
![733 Ocean Parkway #7-C, New York City, NY 11230 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b1bdd2fb-c955-4a12-8d34-7b7f3129b0ed.jpg)
![733 Ocean Parkway #7-C, New York City, NY 11230 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6470dfe3-cb3a-46e9-9bd2-dcf78962cda9.jpg)
![733 Ocean Parkway #7-C, New York City, NY 11230 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1f519e74-c514-4b33-b675-7fa146c3cec9.jpg)
![733 Ocean Parkway #7-C, New York City, NY 11230 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f86132ec-80e7-45e9-aaec-5f1459a350bf.jpg)
![733 Ocean Parkway #7-C, New York City, NY 11230 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bdd9dd2b-40bb-4f8b-974c-fa5990f1c6e6.jpg)
![733 Ocean Parkway #7-C, New York City, NY 11230 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/828d0b92-c660-4aef-a54b-d714e56a3b82.jpg)

## Property Overview

Under $400 in taxes for the year under the tax abatement!

Envision a residence where morning light streams through floor to ceiling windows and a private balcony opens onto tranquil backyard views. Welcome to Arbor Condominium, Kensington's most distinguished new address and the last tax abated building in South Brooklyn. Residence 7C is a refined two-bedroom, two-bath home in which East-facing exposures illuminate an open living and dining space anchored by a thoughtfully designed L-shaped kitchen. The bedrooms are positioned at opposite ends of the residence to ensure exceptional privacy, and the primary suite is complemented by its own en-suite bath. Every element has been executed with care: Ferrero Lengo Italian pre-finished doors, Daikin climate control, and Vallelunga Italian porcelain floors with radiant heat that provide warmth throughout the cooler months, along with the everyday convenience of an in-unit washer/dryer. The kitchen is a study in craftsmanship, appointed with Calacatta quartz countertops and backsplash, soft close Copatlife custom Italian cabinetry, and a paneled Samsung and Beko appliance package, while the spa-inspired baths offer rain showers, LED lit mirrors, and generous 32-inch soaking tubs.

Of particular distinction, this sale includes a private cabana, an exclusive personal retreat on the building's amenity level that is rarely offered to the market. It is a distinguished amenity that sets Residence 7C apart and confers lasting lifestyle value and resale appeal that few residences in the building can claim. Beyond the home, a remarkable rooftop presents sweeping views of the Brooklyn and Manhattan skylines, complemented by lounge and picnic areas, a BBQ grill and kitchenette, a fully equipped fitness center, and the elegant Arbor lounge and co-working space that connects seamlessly to the Ocean Parkway Malls. This unit has a private cabana that can be purchased separately for an additional $40,000.

With its exceptional finishes, comprehensive amenities, and a valuable 421A tax abatement that keeps monthly taxes at just $25.00 through 2034, 733 Ocean Parkway represents a rare opportunity for end users, gifting, parents purchasing for children, or a 1031 exchange, and it is investor friendly, sublet friendly, and pet friendly. With monthly maintenance of only $475.86, the cost of ownership is as compelling as the residence itself. A home of this caliber, with a private cabana included, is an opportunity that seldom presents itself. All measurements are approximate. Images are renders that were virtually staged. Pictures represent various layouts. The complete offering terms are set forth in an offering plan available from File No: CD21-0132.

## Property Details

- **Property Type**: Condominium
- **Beds**: 2
- **Baths**: 2
- **Rooms**: 4
- **Sqft**: 937 sqft
- **Stories**: 8
- **Year Built**: 2023
- **Price per Sqft**: $906
- **Common Charges**: $475.86 / Monthly
- **Monthly Taxes**: $25 / mo
- **Listed On**: Jul 15, 2026
- **Days on Market**: 82 Days

### Residence Features

- Building Washer Dryer Install Allowed
- In Unit
- Balcony
- Building Roof Deck
- Private Outdoor Space Under 60 Sqft
- Dryer
- Washer
- City

## Estimated Monthly Payment

**$4,794 / month**, assuming a 20% down payment ($169,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $4,293
- **Property Taxes**: $25
- **Common Charges**: $476

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

32 apartments at 733 Ocean Parkway have recorded sales since October 2021, the most recent for $550,000 in August 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [9B](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11230/733-ocean-parkway-b-9B-ny-11230) (Apartment) | 1 | 618 | $550,000 | $890/ft² | August 6, 2026 | City record · MLS |
| PH9C (Apartment) | 3 | 1,233 | $1,199,000 | $972/ft² | August 12, 2025 | MLS |
| 9C (Apartment) | — | 1,233 | $1,220,882 | $990/ft² | July 31, 2025 | City record |
| 4A (Apartment) | 2 | 779 | $538,145 | $691/ft² | July 31, 2025 | City record · MLS |
| 2C (Apartment) | 2 | 937 | $941,200 | $1,004/ft² | May 30, 2025 | City record · MLS |
| 3C (Apartment) | 2 | 937 | $813,582 | $868/ft² | March 18, 2025 | City record · MLS |
| 6C (Apartment) | 2 | 937 | $845,148 | $902/ft² | February 20, 2025 | City record · MLS |
| 5D (Apartment) | 1 | 499 | $505,986 | $1,014/ft² | September 16, 2024 | City record · MLS |
| 8C (Apartment) | 3 | 1,233 | $1,346,127 | $1,092/ft² | August 2, 2024 | City record · MLS |
| 7D (Apartment) | 1 | 499 | $525,000 | $1,052/ft² | July 31, 2024 | City record · MLS |
| 2A (Apartment) | 2 | — | $711,757 | — | July 9, 2024 | City record · MLS |
| 7C (Apartment) | 2 | 937 | $906,243 | $967/ft² | May 30, 2024 | City record · MLS |
| 4C (Apartment) | 2 | 937 | $833,947 | $890/ft² | May 6, 2024 | City record · MLS |
| 5C (Apartment) | 2 | 937 | $868,000 | $926/ft² | April 19, 2024 | City record · MLS |
| 3A (Apartment) | 2 | 779 | $763,688 | $980/ft² | April 3, 2024 | City record · MLS |
| 7A (Apartment) | 2 | 799 | $711,757 | $891/ft² | March 8, 2024 | City record · MLS |
| 6A (Apartment) | 2 | 779 | $727,000 | $933/ft² | March 6, 2024 | City record · MLS |
| 5B (Apartment) | Studio | 465 | $404,586 | $870/ft² | January 30, 2024 | City record · MLS |
| 8B (Apartment) | 1 | 618 | $57,000,000 | $92,233/ft² | January 29, 2024 | MLS |
| 3B (Apartment) | Studio | 465 | $390,390 | $840/ft² | January 24, 2024 | City record · MLS |
| 8A (Apartment) | Studio | 438 | $471,510 | $1,077/ft² | January 24, 2024 | City record · MLS |
| 7B (Apartment) | Studio | 465 | $409,610 | $881/ft² | January 23, 2024 | City record · MLS |
| 9A (Apartment) | Studio | 438 | $433,010 | $989/ft² | January 18, 2024 | City record · MLS |
| 6D (Apartment) | 1 | 499 | $495,000 | $992/ft² | January 18, 2024 | City record · MLS |
| 6B (Apartment) | Studio | 465 | $410,670 | $883/ft² | January 16, 2024 | City record · MLS |
| 4B (Apartment) | Studio | 465 | $400,530 | $861/ft² | January 12, 2024 | City record · MLS |
| 9B (Apartment) | 1 | 618 | $621,133 | $1,005/ft² | January 12, 2024 | City record · MLS |
| 5A (Apartment) | 2 | 779 | $728,049 | $935/ft² | January 11, 2024 | City record · MLS |
| 4D (Apartment) | 1 | 499 | $486,720 | $975/ft² | January 8, 2024 | City record · MLS |
| 3D (Apartment) | 1 | 499 | $477,000 | $956/ft² | January 8, 2024 | City record · MLS |
| 2D (Apartment) | 1 | 499 | $541,709 | $1,086/ft² | January 8, 2024 | City record · MLS |
| 2B (Apartment) | Studio | 465 | $385,320 | $829/ft² | January 4, 2024 | 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

- **This home**: $849,000
- **Median sold price**: $788,635
- **Difference**: +$60,365 (+7.7%)
- **This home, $/ft²**: $906
- **Median $/ft²**: $926
- **Comparable sales**: 12
- **Sales from**: January 2024 – July 2025
- **Middle half of those sales**: $723,189 – $850,861

Based on two-bedroom sales at 733 Ocean Parkway.

### How these sales were negotiated

- **Sale-to-list price**: 102.9% (12 sales)
- **Sold below asking**: 17% (12 sales)
- **Typical time to find a buyer**: 49 days (12 sales)
- **Typical time to close**: 48 days (11 sales)

Based on two-bedroom sales at 733 Ocean Parkway 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, condo and house two-bedroom sales in Kensington

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2019 | $753,505 | 19 |
| 2024 | $745,868 | 12 |
| 2025 | $867,247 | 18 |

Based on recorded condo and house two-bedroom sales in Kensington.

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 733 Ocean Parkway](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/733-ocean-parkway)

## Price and Property History for 733 Ocean Parkway, Unit 7-C

Review the recorded listing activity for 733 Ocean Parkway, Unit 7-C, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $20,000, or 2.3%, on October 1, 2026
- **Originally listed**: July 14, 2026 at $899,000
- **Current asking price**: $849,000
- **Last sold (recorded)**: $906,243 on May 30, 2024

| Date | Price | Listing event |
| --- | --- | --- |
| October 1, 2026 | $849,000 | Asking price reduced by $20,000, or 2.3% |
| September 5, 2026 | $869,000 | Asking price reduced by $30,000, or 3.3% |
| July 14, 2026 | $899,000 | Listed for sale by Keller Williams Realty Empire |
| May 30, 2024 | $906,243 | Sold — recorded sale price |
| January 19, 2024 | $890,000 | Entered contract |
| December 29, 2023 | $849,000 | Listed for sale by Corcoran Group |

## Property Tax History

Taxes at 733 Ocean Parkway #7-C were $309 in 2026.

| Year | Tax Assessment | Land | Additions | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $95,787 | $11,529 | $84,258 | $309 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $73,147 | $11,529 | $61,618 | $309 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $73,146 | $11,528 | $61,618 | $9,143 | 12.5% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Figures are the New York City Department of Finance assessment roll for tax lot 3054281123. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 733 Ocean Parkway

Kensington · Condominium

733 Ocean Parkway, Brooklyn, NY 11230-2389

A building in Kensington, currently featuring 2 active listings.

- **Year Built**: 2023
- **Active Units**: 2
- **Floors**: 8

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/733-ocean-parkway)

### Available Residences — For Sale (2)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [7-C](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11230/733-ocean-parkway-c-7C-ny-11230) | 2 | 2 | 937 sqft | $906 | $849,000 (-2.3%) | Keller Williams Realty Empire | Jul 15, 2026 | 82 days |
| [3B](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11230/733-ocean-parkway-3b-ny-11230) | Studio | 1 | 465 sqft | $968 | $450,000 | Compass | Sep 17, 2026 | 18 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

- [733 Ocean Parkway — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/733-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.