$449,000 $459,000
Updated 3 years ago
Off Market

567 Ocean Ave, A-604

Prospect Park South, Brooklyn | Church Ave & Albemarle Road

Studio 1 Bath410 Square FeetCondo

$449,000 $459,000
Common Charges$280
RE Taxes$390
Price Per SF
$1,095

Listing Features

  • W/D Hookups
  • Flr-to-Clg Windows
  • MultiPaned Windows
  • Dishwasher
  • Open Kitchen
  • S Steel Appliances
  • Heated Floors
  • Soaking Tub

Outdoor space and views

  • East Exposure

Building Amenities

  • Virtual Doorman
  • Bike Storage
  • Courtyard
  • Elevator
  • Fitness Facility
  • Garage
  • Playroom
  • Resident Lounge
  • Roof Deck
  • Storage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 567 Ocean Ave, A-604

This lovely studio overlooking a tranquil courtyard would be the perfect investment opportunity. Similar units rented between $2,100 and $2,200 generating a 3.7% cap rate. The building also qualifies for the Banks HomeRun program. As a primary residence the borrower will receive as little as 3% down payment with no PMI on a conventional mortgage, about 1% off current rates and $7,500 closing cost credit.
There are no income restrictions for these benefits.

The modern kitchen is equipped with marble countertops and backsplashes, custom cabinets, and high-end stainless appliances. The spacious bathroom has heated floors, a custom floating oak vanity, a Toto toilet, and a deep soaking tub. There are W/D hookup in the unit as well as ample closet space and a deeded storage unit in the basement.

567 Ocean Avenue is a luxurious new development condominium offering a fitness center, a bicycle room, a 24-hour Carson virtual doorman system, a pet spa, a party room, a children’s playroom, a lounge, and a pair of furnished outdoor spaces that include a serene courtyard as well as a spacious rooftop deck with incredible neighborhood and Manhattan skyline views. A few blocks from Prospect Park and less than a 30-minute subway ride into Manhattan. Nearby subway lines include the B/Q/2/5.

Listing History for 567 Ocean Ave, A-604

Now
04/05/2023
$449,000 [-$10,000] [2.2%]
Price Drop by Anne-Laure Touchard
R New York
2023

Building Details for 567 Ocean Ave

OwnershipCondo
Building TypeLow-Rise
Service LevelVirtual Doorman
AgePost-War
AccessElevator
Year Built2019
Financing Allowed90%
Floors/Apts8/108
Learn More About the Building

Transit and Citi Bike

Subway

Church Av
0.18 miles
Beverley Rd
0.41 miles
Parkside Av
0.44 miles

Citi Bike

Ocean Ave & Tennis Ct
0.03 miles
E 21 St & Church Ave
0.08 miles

Contact Agent

Contact Agent

Prospect Park South | Brooklyn

Quick Profile

Charming tree-lined blocks, grand homes, and grassy center esplanades - Prospect Park South feels more like a quiet suburb than Brooklyn, the most populated borough in New York City. 

The small landmarked neighborhood in south Brooklyn is bounded by Coney Island Avenue to the southwest, Ocean Avenue to the northeast, Prospect Park to the south, and Beverly Road to the south. 

Don’t let the suburban vibe of Prospect Park South fool you, urban grit awaits you just outside the neighborhood's boundaries. It’s about a 45-minute commute to Manhattan on the B, Q, or F train or a short walk to livelier neighborhoods. Prospect Park South is flanked by Windsor Terrace, Kensington, Ditmas Park, and Flatbush. It’s the best of both worlds. 

The history of the neighborhood starts with its original developer, Dean Alvord. If it wasn’t for his unique vision, Prospect Park South may have never blossomed into what it is today. In 1899 Alvord wanted to take advantage of Brooklyn’s newly created railway system that connected the borough. He purchased farmland and began building the neighborhood, which began as a six-block-by-two-block swatch of land with grand homes. Many of the houses were Victorian-inspired. Alvord marketed the neighborhood as a slice of country in the big city and the rest is pretty much history. 

Prospect Park South is a few blocks bigger these days. Its grand Victorian-style homes still define the neighborhood. Other architectural styles found in the nabe include Colonial, French Revival, and Spanish Mission. Apartments and a few prewar co-ops complete the neighborhood's housing stock. 

There aren’t too many places to shop in Prospect Park South but you might find a few spots in the commercial areas along Coney Island Avenue and Church Avenue. The suburban setting of Prospect Park South is popular with young families, which is why they’ve flocked there for the last decade.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 2007016