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733 Ocean Parkway 3BBrooklyn, NY 11230

For Sale

$425,000

Smart Buyer Rebate - Ask

Welcome to Residence 3B at the Arbor Condominium, a thoughtfully designed studio in one of Kensington’s standout modern developments that offers a unique advantage as the last 421A tax-abated buildings in south Brooklyn. This bright, west-facing home overlooks the mature trees and greenery of Ocean Parkway, offering a peaceful outlook while keeping you connected to everything Brooklyn has to offer.

The well-proportioned layout makes excellent use of space, with an open living area, a dedicated kitchen and dining area, and generous closet storage. Floor-to-ceiling windows make for a living space that is bathed in light, while the open design creates an easy flow for everyday living. The Juliet balcony is a lovely touch, allowing you to take in the fresh air and beautiful scenery.

The vented kitchen boasts a paneled and stainless-steel Samsung and Beko appliance package. The 0-Radius sink creates a functional addition, while the Calacatta quartz countertops and matching backsplash, along with soft close Copatlife custom Italian cabinetry, create a stunning focal point. The adjustable under-cabinet lighting adds an extra layer of ambiance to the space, making it perfect for hosting guests or enjoying a relaxing meal.

The residence is finished with Italian porcelain floors, radiant heat, LED lighting, individual thermostats, and Daikin split-system heating and cooling, along with high-quality doors and fixtures throughout. The spa-like bathroom features a soaking tub, rain shower and handheld showerhead, LED-lit medicine cabinet, wall-hung vanity with storage, and elegant contemporary finishes. A washer/dryer in the apartment adds an especially convenient touch.

Arbor’s amenities extend well beyond the apartment. Residents enjoy a beautiful rooftop with sweeping Brooklyn and Manhattan skyline views, lounge and picnic areas, BBQ grill and kitchenette. The building also offers a fully equipped fitness center and stylish resident lounge.

With its exceptional finishes, comprehensive amenities, and a valuable 421A tax abatement that keeps monthly taxes at just $12.58/month 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 $233.93, the cost of ownership is as compelling as the residence itself. Come see unit 3B– the perfect balance of tranquility and city living, with easy access to the best of Brooklyn and beyond.

Listed by Alyssa S Morris

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Compass

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(917) 848-9478

Listed by Yara Ghossein

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Compass

Last updated October 25, 2026

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Source: REBNY #RLS20115686

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCondo
  • NeighborhoodKensington
  • Bathrooms1
  • Days on Prevu44
  • HOA/Maint. Fees$233.93/month
  • Taxes$150.96/year
  • Size465 sqft
  • Price per sqft$914

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

10/04/2026
Price Decreased
$425,000
09/17/2026
Listed by Compass
$450,000
  1. 10/04/2026$425,000
    Price Decreased
  2. 09/17/2026$450,000
    Listed by Compass

Estimated Closing Costs

Attorney Fees
$4,000
Title Insurance
$1,913
Bank Attorney
$1,500
Mortgage Recording Tax
$6,884
Other Closing Costs
$4,000
Total
$18,297

Estimated closing costs are based on the list price of $425,000 and a 10% 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 733 Ocean Parkway 3B

Association

Amenities

  • Pets Allowed: Building No, No

Fees

  • Association Fee: $233.93 Monthly

Exterior

Construction

  • Number Of Units Total: 37
  • Stories Total: 9
  • Structure Type: Multi Family
  • Year Built: 2015
  • Entry Level: 3

Features

  • Building Features: Elevator(s), Fitness Center
  • Patio And Porch Features: Balcony

Measurements

  • Lot Size Area: 5,740
  • Lot Size Dimensions: 51
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 05428-1106
  • Tax Annual Amount: $150.96

Interior

Features

  • Interior Features: Entrance Foyer

Measurements

  • Living Area: 465
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Rooms Total: 1

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Kensington
  • Tax Block: 05428
  • Tax Lot: 0007

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Laundry Features: In Unit, See Remarks

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is bedrooms and 1 bathroom in this condo at 733 Ocean Parkway 3B.

What are the annual taxes for 733 Ocean Parkway 3B?

Annual taxes for this condo are estimated at $150.

How does 733 Ocean Parkway 3B compare to other condos in Kensington?

This condo is listed 47% below the average price for condos in Kensington and has been on the market for 35 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 465 sqft.

733 Ocean Parkway 3B is a -bedroom, 1-bath condo for sale in Brooklyn NY 11230. On Prevu for 44 days at $425,000. This includes a recent price decrease of $25,000. This residence features 465 square feet of living space, located in Kensington. The median listing price for condos in this area is $599,000. Additional amenities include private outdoor space. Explore more condo 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.