540 Ocean Pkwy #2P, Brooklyn, NY 11218
Property image
Property image
UNDER CONTRACT

$425,000

  • 2 Beds
  • 1 Bath

540 Ocean Pkwy #2P, Brooklyn, NY 11218

Kensington
Est. Mortgage $3,413/mo*
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Home Highlights

Coop
Built in 1962
Garage
HOA $757/mo

Local Information

  • Map ViewExplore the area around 540 Ocean Pkwy #2P.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Private balconyFloor to ceiling storageLinen closetGreat contemporary lightingInexpensive parkingHanging bar
Enjoy fresh air and leafy views from your private balcony, in this, perfect, light, more-than-move-in-ready, spacious, true two bedroom. Newly gut-renovated, tastefully designed, kitchen with ample cabinet storage and counter space, hardwood floors, and great contemporary lighting make 2P the perfect hybrid of new-construction, and established full-service elevator building, with co-op pricing. UNLIMITED subleasing after two years, and uniquely promising resale potential, make this a solid investment opportunity for any buyer.

The contemporary, bright, new, kitchen includes a wide, convenient pass-through to the spacious living-dining area, brand new stainless appliances- include a full-sized side-by-side refrigerator with ice maker, custom installed microwave, flexible five burner stove, and inset sink with gooseneck faucet making this this perfect space for proper cooking or entertaining. Lots of room for a real dining table in the living/dining area for family or friends with plenty of very comfortable living space left over letting out onto the huge, entirely private, balcony with space for planting, or just sitting, giving the entire space a gracious open feel.


Tremendously good storage throughout for a space of this size includes a real coat closet with hanging bar located right at the entrance, an immense second closet around the corner with hanging bar, ready for floor to ceiling storage, an adjacent, dedicated, linen closet, and two full sized closets in the master bedroom make putting things away easy here.

Add to that two legal sized, real, bedrooms, inexpensive parking for rent in the building garage, plus the terrific Kensington location just three blocks from the subway with every possible amenity nearby and an absolutely unbelievable culinary landscape (just ask me – foodies among you) and you have a co-op that is great for living-- that you will be proud to own as an investment long into the future.
Contact this Building
Property Website
Last check for updates: about 1 hour ago
Listing by: Compass, (646) 269-1072
Alexandra Florio
Source: StreetEasy, MLS#S1616092

Home Details for 540 Ocean Pkwy #2P

Interior Features

Interior Details
Number of Rooms: 5
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Appliances & Utilities
Appliances: DishwasherDishwasherLaundry: Inside
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Floors: Hardwood
View
Has a ViewView: Garden

Exterior Features

Exterior Home Features
Patio / Porch: OtherExterior: Balcony
Parking & Garage
Has a GarageParking: Garage

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 1962
Property Type / Style
Property Type: ResidentialProperty Subtype: Coop

Price & Status

Price
List Price: $425,000

Active Status

MLS Status: In Contract

Location

Direction & Address
City: BrooklynCommunity: Kensington

Agent Information

Listing Agent
Listing ID: S1616092

HOA

HOA Fee Includes: MaintenanceHas an HOAHOA Fee: $757/Monthly

Listing Info

Special Conditions: Resale

Miscellaneous

Mls Number: S1616092Zillow Contingency Status: Under ContractListing Url

Additional Information

HOA Amenities: Laundry,Elevator(s)STREETEASY Property ID: 10312204STREETEASY Building ID: 193622

Around this home

Neighborhood Overview

Kensington
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Kensington

At least 284 Trulia users voted on each feature.

  • 89 % Say there are sidewalks

  • 88 % Say it's walkable to grocery stores

  • 81 % Say it's dog friendly

  • 81 % Say it's walkable to restaurants

  • 77 % Say streets are well-lit

  • 76 % Say people would walk alone at night

  • 75 % Say kids play outside

  • 65 % Say they plan to stay for at least 5 years

  • 56 % Say there's holiday spirit

  • 53 % Say neighbors are friendly

  • 52 % Say yards are well-kept

  • 46 % Say there are community events

  • 44 % Say it's quiet

  • 40 % Say car is needed

  • 34 % Say there's wildlife

  • 29 % Say parking is easy

Sourced by Trulia users. Learn more about our methodology.
  • Dxymdpb8nz
    "Farmer market every month or sometimes twice a month or twice a year , very beautiful park not far away "
    0
    Flag
  • Christinelong620
    "We are very close to trains and buses. We can also walk or drive. Plan for anywhere between 30-60 min commute. "
    0
    Flag
  • Dxymdpb8nz
    "There are beautiful park which is importante for families with kids Very pleasant and beautiful park"
    0
    Flag
  • Fpaoselli
    "Family friendly neighborhood that is diverse. I feel safe here with my young child and have an amazing community of friends with children of a similar age."
    0
    Flag
  • Mrsmaignan
    "Commuting is fine. Distance is 10 to 15 minutes to both train line. Grocery Stores are about 10 to 15 minutes also. Plenty of local Stores in the area ."
    0
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  • Trulia User
    "Halloween parades. Fairs bring in rides for the kids close Cortelyou bet on the island to East 17 Street lotta fun"
    0
    Flag
  • Trulia User
    "Every weekend there are events, especially for children; from neighborhood cleanups to story time. The sidewalks are wider than most places which makes outdoor dining and pop ups a fun addition and leave lots of room to walk."
    0
    Flag
  • Trulia User
    "The small businesses and unique dining options make Flatbush special! Just love the options for shopping and eating."
    0
    Flag
  • Trulia User
    "Lived here my whole life best kept secret in Brooklyn. Close to prospect park and 8 stops to city. Quite family area with good schools."
    1
    Flag
  • Trulia User
    "I lived in this neighborhood for four years and I love this neighborhood and surround area in new York City. "
    0
    Flag
  • Trulia User
    "my kids was born in Flatbush Ave.. never had a issue.. living.in Flatbush Ave . got many friends. lost.many friend's. from my at wtc.. so sad . besides that.no problems at all"
    0
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  • Trulia User
    "I don't know. I don't go out often but it's a clean neighborhood. I guess everyone would like it here since everything is accessible. "
    0
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  • Trulia User
    "Last stop in Brooklyn on express bus in Manhattan in 6 min. Safe clean happy area with walking distance to prospect park and horse stable. Lot of family’s, groceries near by and a lot of new restaurants. Parade grounds ball fields and soccer tennis courts walking access as well "
    0
    Flag
  • Trulia User
    "All are not so bad, but this location little cleaned like others location in BROOKLYN, Borough park is very expenses location."
    2
    Flag
  • Trulia User
    "Love the area safe and walk-in distance to prospect park. Express bus 1 stop to Manhattan. And F G train few blocks down "
    0
    Flag
  • Trulia User
    "I live here over 10 years. Lovely, safe and friendly neighborhood. Everything is available in walking distance. "
    0
    Flag
  • Trulia User
    "Crime and not that safe, schools are below average and not enough police especially during evening time "
    1
    Flag
  • Brooklynjoe88
    "About an hour to get into Manhattan. The location is just far enough in Brooklyn where you can get a seat in the Am!"
    5
    Flag
  • Chalisa.nixon5
    "The neighborhood is quiet and well kept for the most part, i live in the family shelter and what i do know is they should have more rental available for the single women in that shelter"
    4
    Flag
  • Amna H.
    "its very safe and quiet. has a lot of stores around and good transportation. I would definitely recommend this neighborhood. "
    16
    Flag
  • Matthewwels
    "Events in prospect park including celebrate Brooklyn and the skating rink and Smorgasburg. Haloween is great too."
    0
    Flag
  • Junie F.
    "This is a friendly,family-oriented neighborhood with multiple parks shops and restaurants within walking distance. We’ve been living here for 4 years and would recommend this area to anyone looking for a place to raise a family. "
    2
    Flag
  • Md M.
    "Diversity and safety. Public transportation, supermarket, hospital school is close. Bars and different cuisine around "
    7
    Flag
  • Nesdesigns
    "Me as a dog owner like that I meet other dog owners, been here since 1996 and raised my 5 children as well schools are also great in this neighborhood. Recommend living in Kensington "
    1
    Flag
  • Francescamaso
    "Plenty of families with young kids, playgrounds nearby, good schools, and close to the park. Neighborly and friendly neighborhood represented by many different ethnicities. "
    0
    Flag
  • Tushar S.
    "Safe but some parts not so clean. Friendly and very convenient. Been here for 16 years. Very diverse neighborhood."
    0
    Flag
  • Luna A.
    "I live here last 23 years. My all neighbor Behaviors is really good. School ,grocery. SHopping everything is excellent but I need more big house Bcz my kids are grown up now "
    0
    Flag
  • Marvg99
    "Kensington has a lot to offers with a range of foreign products and its very safe. Also it is a very diverse neighborhood, everyone keep it nice and clean. "
    0
    Flag
  • Saba M.
    "lots of modes of transportation.. many subway lines and bus routes. dont even need car for this neighborhood "
    0
    Flag
  • Florent P.
    "East 4th street Halloween is quite a celebration each year and the proximity to Prospect Park makes this neighborhood very nice"
    0
    Flag
  • Saba M.
    "absolutely love it. especially walking on ocean parkway with dogs.. as long as you clean up after your dogs.. no issue "
    1
    Flag
  • Ella G.
    "There’s a really wide sidewalk great for taking walks, also it’s close to the park. Idk what else to write.."
    0
    Flag
  • Babathebuilders
    "Working class and convince for travel and shopping l,save minimum crime or no crime great schools in neighborhoods "
    7
    Flag
  • Adriana D.
    "It has a neighborhoody feel. People look out for one another. It’s not really unique but it’s what makes it great. "
    1
    Flag
  • Fahriddin G.
    "Good place to live and good for kids and many more it good that’s all I can say i don’t know what else to say"
    0
    Flag
  • CDS357
    "many families in the area, great restaurants, convenient public transportation options and feels safe."
    0
    Flag
  • Michael M.
    "Area is boring and the corner of McDonald and Church needs some serious cleaning up. "
    0
    Flag
  • Estiak
    "I like this neighborhood, this area has all kind of transportation facilities with tons of restaurants and deli grocery inclusive school, Bank, Post office and religious centers Thanks "
    0
    Flag
  • Kimberlyragan
    "Unfortunately, many of the buildings do not allow dogs. But the area of Ocean Parkway has a great strip for dogs to walk along"
    1
    Flag
  • Yim
    "No park in area to left your dogs run or exercise around in. Also lots of kids with roller around here."
    0
    Flag

Market trends in New York

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$818K
$21.67KMoM
Sale-to-List Price
98.1%
0.1%MoM
Price per sq ft
$704
$22MoM
Available listings
16526
1221MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
488 Ocean Parkway #6C, Brooklyn, NY
0.12
Coop
$485,000
09/10/26
2
1
850
525 Ocean Pkwy #5K, Brooklyn, NY
0.06
Coop
$680,000
06/16/26
2
1
1,100
570 Ocean Pkwy #4E, Brooklyn, NY
0.05
Coop
$375,000
01/28/26
1
1
890
715 Ocean Pkwy #3M, Brooklyn, NY
0.26
Coop
$497,000
08/24/26
2
1
-
599 E 7th St #1E, Brooklyn, NY
0.18
Coop
$420,000
04/15/26
1
1
-
275 Webster Ave #5I, Brooklyn, NY
0.18
Coop
$390,000
12/30/25
1
1
-
275 Webster Avenue #4i, Brooklyn, NY
0.17
Coop
$369,000
09/16/26
1
1
788

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
540 Ocean Pkwy #114, Brooklyn, NY 11218
0.00
-
2
2
1,100
Off Market
540 Ocean Pkwy #5P, Brooklyn, NY 11218
0.00
$457,100
Studio
-
-
Off Market
540 Ocean Pkwy #5D, Brooklyn, NY 11218
0.00
$401,900
Studio
-
-
Off Market
540 Ocean Pkwy #6H, Brooklyn, NY 11218
0.00
$333,900
1
1
1,000
Off Market
540 Ocean Pkwy #2G, Brooklyn, NY 11218
0.00
$371,900
Studio
-
-
Off Market
540 Ocean Pkwy #4G, Brooklyn, NY 11218
0.00
$418,300
2
1
1,000
Off Market
540 Ocean Pkwy #6F, Brooklyn, NY 11218
0.00
$655,600
2
2
1,087
Off Market
540 Ocean Pkwy #3S, Brooklyn, NY 11218
0.00
$546,100
Studio
-
-
Off Market
540 Ocean Pkwy #2N, Brooklyn, NY 11218
0.00
$326,700
Studio
1
600
Off Market
540 Ocean Pkwy #1E, Brooklyn, NY 11218
0.00
$344,200
2
1
-
Off Market
540 Ocean Pkwy #6B, Brooklyn, NY 11218
0.00
$508,500
Studio
1
1,050
Off Market
540 Ocean Pkwy #5-S, Brooklyn, NY 11218
0.00
$509,300
2
2
1,200
Off Market
540 Ocean Pkwy #3R, Brooklyn, NY 11218
0.00
$551,300
2
2
-
Off Market
540 Ocean Pkwy #6L, Brooklyn, NY 11218
0.00
$392,900
1
1
820
Off Market
540 Ocean Pkwy #4I, Brooklyn, NY 11218
0.00
$749,900
3
2
1,350
Off Market
540 Ocean Pkwy #3M, Brooklyn, NY 11218
0.00
$565,300
2
1
1,000
Off Market
540 Ocean Pkwy #2S, Brooklyn, NY 11218
0.00
$461,000
Studio
-
-
Off Market
540 Ocean Pkwy #6I, Brooklyn, NY 11218
0.00
$578,100
Studio
-
-
Off Market
540 Ocean Pkwy #4O, Brooklyn, NY 11218
0.00
$461,000
Studio
-
-
Off Market
540 Ocean Parkway #2E, Brooklyn, NY 11218
0.00
$234,300
1
1
750
Off Market

Price and Tax history

DateEventPrice
Nov 10, 2023
Source: StreetEasy
ListingRemoved
Nov 7, 2023
Source: StreetEasy
Pending
$425,000
Nov 7, 2023
Source: StreetEasy
ListingRemoved
Oct 17, 2023
Source: StreetEasy
Pending
$425,000
Oct 17, 2023
Source: StreetEasy
ListingRemoved

LGBTQ Local Legal Protections

Alexandra Florio, Compass, (646) 269-1072

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Frequently asked questions about 540 Ocean Pkwy #2P

  • What is the estimated monthly payment for 540 Ocean Pkwy #2P?
    Based on a $425,000 list price with 20% down at today's rates, the estimated monthly payment for 540 Ocean Pkwy #2P in Brooklyn, NY is approximately $2,707 (about $2,377 principal & interest, $255 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 540 Ocean Pkwy #2P compare to homes in Brooklyn?
    540 Ocean Pkwy #2P in Brooklyn, NY is listed at $425,000, about 48% below the $818K median sale price in Brooklyn.
  • What do residents say about the Kensington neighborhood?
    Residents describe the Kensington neighborhood in Brooklyn, NY as pedestrian-friendly, walkable to grocery stores, and dog-friendly. See homes for sale in Kensington, Brooklyn.
  • What are the closest schools to 540 Ocean Pkwy #2P?
    The closest schools to 540 Ocean Pkwy #2P in Brooklyn, NY are Jhs 62 Ditmas (Middle, rated 6/10), Ps 179 Kensington (Pre-K/Elementary, rated 8/10), Urban Assembly School for Leadership and Empowerment (Middle/High, rated 5/10).
  • Does 540 Ocean Pkwy #2P have laundry facilities?
    Yes, 540 Ocean Pkwy #2P in Brooklyn, NY has laundry facilities.
540 Ocean Pkwy #2P, Brooklyn, NY 11218 is a 2 bedroom, 1 bathroom coop built in 1962. 540 Ocean Pkwy #2P is located in Kensington, Brooklyn. This property is currently available for sale and was listed by StreetEasy on Sep 16, 2024. The MLS # for this home is MLS# S1616092.