In Contract
Share Listing
Save Listing
488 Ocean Parkway #5E
Coop in Kensington •  building info
2bd • 1ba • 850ft² $587 per ft²
List Price

$499,000

Key Details
Listed today
Last price change
loading...
Estimated payment
$3,155/mo
Taxes
Included in maintenance fees
Maintenance
$762/mo
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.

Hide full description

Important Stuff
Elevator
Unit features
Dishwasher
Hardwood floors
Storage Available
View

City

Building amenities
Services and facilities
Bike Room
Fios Available
Laundry in Building
Live In Super
Parking

Garage

Building info

History
What it'll cost
Purchase price
$499,000
Asking Price: $499,000
Term
30 Years
Down Payment
$99,000 (20%)
Min: 20% (99,000)
Rate
6.0 %
Mortgage Amount
$399,200
Mortgage Payment
$2,393
Maintenance
$762
Estimated closing cost
$7,000
Total monthly cost $3,155
Listing Courtesy of Douglas Elliman

IDX information is provided exclusively for consumers' personal, noncommercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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 REBNY listing service, Inc all rights reserved.

RLS IDX Data display by Yoreevo.