Prime Kensington opportunity at 525 Ocean Parkway! This beautifully renovated two-bedroom co-op with a private balcony offers a bright, comfortable layout and modern finishes throughout. Enter into a proper foyer with a coat closet that leads to a spacious dining area and an oversized living room with direct access to a balcony large enough for a seating or dining setup. The windowed two-tone eat-in kitchen features generous counter space, stainless steel appliances (including a dishwasher and microwave), and abundant soft-closing cabinetry. The sleek, contemporary bathroom offers two shower options, a stylish acrylic tub, a modern vanity, and a concealed medicine cabinet with integrated defogger. The king-size primary bedroom benefits from western light, while the second bedroom enjoys both northern and western exposures. Closet space is excellent, and the hardwood floors have been beautifully refinished throughout. One brand new A/C in the living room is included with the purchase. Ceiling fans will elevate your lifestyle. If you are a fan of sunsets - 5K is your place to enjoy them! 525 Ocean Parkway is a professionally managed elevator building with a live-in super and porter, a first-floor laundry room, and waitlisted parking for $175 per month. Cats and dogs are allowed with prior approval. Unlimited subletting is permitted after two years of ownership. Reasonable maintenance includes real estate taxes and all utilities except electricity. Located just a block from Cortelyou Road at the crossroads of Kensington and Ditmas Park, you'll be moments from popular cafés, dining, and conveniences. Transportation is easy with the Q and F trains nearby, as well as an express bus stop on Cortelyou. The flip tax is $40 per share. With mortgage rates continuing to ease, now is a great time to make your offer.
Listed by Oleg Polonsky
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Douglas Elliman Real Estate
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(646) 256-0899
Last updated December 07, 2025
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Source: REBNY #RLS20061896
Listing Facts
TypeCo-op
NeighborhoodKensington
Bedrooms2
Bathrooms1
Days on Prevu9
HOA/Maint. Fees$958/month
Amenities
Private Outdoor Space
Pets Allowed
Location
Mortgage Calculator
Listing History
12/01/2025
Listed by Douglas Elliman Real Estate
$699,000
Estimated Closing Costs
Total
$9,500
Attorney Fees
$4,000
Bank Attorney
$1,500
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $699,000 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 525 Ocean Parkway 5K
Association
Amenities
Pets Allowed: Building Yes, Yes
Fees
Association Fee: $958.00 Monthly
Financial
Flip Tax Remarks: $40 Per Share, Payable By Seller
Exterior
Construction
Number Of Units Total: 62
Stories Total: 6
Structure Type: High Rise
Year Built: 1963
Entry Level: 5
Features
Building Features: Elevator(s)
View: City
Financial
Taxes
Parcel Number: 05400-0091-00525-000-000005K
Interior
Measurements
Living Area Units: SquareFeet
Rooms
Bathrooms Full: 1
Bathrooms Total Integer: 1
Bedrooms Total: 2
Rooms Total: 4
Other
Location
City Region: Brooklyn
Subdivision Name: Kensington
Tax Block: 05400
Tax Lot: 0091
Parking
Parking
Garage: Yes
Frequently Asked Questions
How many bedrooms and bathrooms does this co-op have?
There are 2 bedrooms and 1 bathroom in this co-op at 525 Ocean Parkway 5K.
Are pets allowed at 525 Ocean Parkway?
Yes, 525 Ocean Parkway allows pets.
How does 525 Ocean Parkway 5K compare to other co-ops in Kensington?
This co-op is listed 39% above the average price for co-ops in Kensington and has been on the market for 138 less days than the typical home in this area.
525 Ocean Parkway 5K is a 2-bedroom, 1-bath co-op for sale in Brooklyn NY 11218. Available on Prevu for 9 days at $699,000. This property is located in Kensington. The median listing price for co-ops in this area is $612,000. Additional amenities include private outdoor space and pets allowed. View other co-op listings in Brooklyn.
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.