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500 Ocean Avenue 4BBrooklyn, NY 11226

For Sale

$670,000

Smart Buyer Rebate $4,250

500 Ocean Avenue, 4B Prospect Park South
Bring your creativity and vision to this generously proportioned convertible four-bedroom home at 500 Ocean Avenue, offering the opportunity to customize a cooperative residence and create a home tailored to your lifestyle in Prospect Park South, Brooklyn.
Whether you envision a spacious primary suite, a dedicated home office, or additional bedrooms, the exceptional space and versatile layout provides the flexibility to create a home that reflects your lifestyle, needs, and design aesthetic.
From morning walks in Prospect Park, year-round activities at the Lefrak Center, performances at Kings Theatre or films at Nitehawk Cinema, this location offers convenient access to some of Brooklyn ' s best recreational, cultural, and transportation amenities, with seamless transportation via the Q train at Parkside Avenue.
Why pay for someone else's design choices when you can create a home tailored to your own vision? Properties with renovation potential often offer greater value, less competition, and the opportunity to build equity through thoughtful improvements. For qualified buyers, renovation financing options may help streamline the process by combining acquisition and improvement cost into a one loan.
Highlights:
Flexible convertible four (4) bedroom layout Exceptional opportunity ready for your vision Well-established and maintained co-op community Desirable Prospect Park South location Convenient proximity to parks, transit, dining, shopping, and entertainment Renovation financing opportunities available Create a home that reflects your vision, not someone else's choices.
Contact us today to schedule a private showing or learn more about renovation financing options.

Listed by Anthony L Morris

·

Corcoran Group

·

(646) 523-5711

Listed by Lisa James

·

Corcoran Group

Last updated October 20, 2026

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Source: REBNY #RLS20098712

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCo-op
  • NeighborhoodFlatbush
  • Bedrooms3
  • Bathrooms1
  • Days on Prevu135
  • HOA/Maint. Fees$1,069/month

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

10/20/2026
Price Decreased
$670,000
10/06/2026
Status changed to Active
$725,000
10/03/2026
Status changed to Removed from Feed
$725,000
07/01/2026
Price Decreased
$725,000
06/18/2026
Listed by Corcoran Group
$750,000
  1. 10/20/2026$670,000
    Price Decreased
  2. 10/06/2026$725,000
    Status changed to Active
  3. 10/03/2026$725,000
    Status changed to Removed from Feed
  4. 07/01/2026$725,000
    Price Decreased
  5. 06/18/2026$750,000
    Listed by Corcoran Group

Estimated Closing Costs

Attorney Fees
$4,000
Bank Attorney
$1,500
Other Closing Costs
$4,000
Total
$9,500

Estimated closing costs are based on the list price of $670,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 500 Ocean Avenue 4B

Association

Amenities

  • Pets Allowed: Building Yes, No

Fees

  • Association Fee: $1,069.00 Monthly

Exterior

Construction

  • Number Of Units Total: 64
  • Stories Total: 6
  • Structure Type: High Rise
  • Year Built: 1931
  • Entry Level: 4

Interior

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 3
  • Rooms Total: 4

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Prospect Park South
  • Tax Block: 05080
  • Tax Lot: 0060

Frequently Asked Questions

How many bedrooms and bathrooms does this co-op have?

There are 3 bedrooms and 1 bathroom in this co-op at 500 Ocean Avenue 4B.

How does 500 Ocean Avenue 4B compare to other co-ops in Flatbush?

This co-op is listed 21% above the average price for co-ops in Flatbush and has been on the market for 36 more days than the typical home in this area.

500 Ocean Avenue 4B is a 3-bedroom, 1-bath co-op for sale in Brooklyn NY 11226. On Prevu for 135 days at $670,000. This includes a recent price decrease of $55,000. This home is located in Flatbush. The median listing price for co-ops in this area is $827,000. The home offers private outdoor space. Explore more co-op listings in Brooklyn.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 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 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity. 2026 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.