Shovel ready 4,500 Sq.Ft Development site, situated between Ditmas Ave and Cortelyou Rd. Approved plans for an 8 Story 18,000 Sq.Ft. 17 Apartment Building. Lot size 30 x 150. Located only 4 blocks to the Subway on McDonald Ave/Ditmas Ave. Near Houses of worship, schools, shopping, etc., Additional information: Minimum Plot Size:4500
Property Details
Property Features
Listing Office:
Office Name: RE/MAX Team
Office Phone: (718) 429-4400
Interior Features
Interior Information:
Basement: No
Exterior Features
Exterior Information:
Private Pool: No
View: Other
Lot Features
Lot Information:
Lot: Cleared, Level
Lot Size: 0.10 Acres
Other
Directions Information:
Directions: GPS 487 Ocean Parkway, Brooklyn, NY 11218
Price Information
Listing Price Info
Price Summary:
List Price: $3,200,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Brooklyn, NY.
This property is $2.2M more than the Median Sold Price in Brooklyn, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ONEKEY2
MLS Number: #L3575801
Listing Office:
Office Name: RE/MAX Team
Office Phone: (718) 429-4400
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2024, OneKey™ MLS. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 12/22/2024, 9:11:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$16K
Per Month
Principal & Interest
$15.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,660
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
P.S. K134 Brooklyn
4001 18th Ave
Distance between this listing and this school0.30 miles
Public District Grades KG-5
5
/10
P.S. 179 The Kensington School
202 Avenue C
Distance between this listing and this school0.34 miles
Public Magnet Grades KG-5
6
/10
P.S. 217 Colonel David Marcus School
1100 Newkirk Ave
Distance between this listing and this school0.40 miles
Public District Grades KG-5
Nearby Schools
7
/10
J.H.S. 62 Ditmas
700 Cortelyou Rd
Distance between this listing and this school0.15 miles
Public District Grades 6-8
6
/10
Brooklyn Dreams Charter School
259 Parkville Ave
Distance between this listing and this school0.36 miles
Public Charter Grades KG-8
6
/10
J.H.S. 223 Montauk
4200 16th Ave
Distance between this listing and this school0.48 miles
Public Magnet Grades 6-8
Nearby Schools
6
/10
Urban Assembly School for Leadership and Empowerment
4200 16th Ave
Distance between this listing and this school0.48 miles
Public District Grades 6-12
6
/10
Brooklyn College Academy
350 Coney Island Ave
Distance between this listing and this school0.88 miles
Public District Grades 9-12
4
/10
West Brooklyn Community High School
1053 41st St
Distance between this listing and this school1.11 miles
The neighbors living near this home have an average income of $35,315. Most Brooklyn, NY residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 487 Ocean Pkwy
What is the listing price of this property?
The listing price of 487 Ocean Pkwy property is $3,200,000.
What type of property is this?
The property 487 Ocean Pkwy is land located in Brooklyn, New York, 11218.
Is this property for sale now?
Active Listing: 487 Ocean Pkwy is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 487 Ocean Pkwy in Brooklyn, NY and zip code 11218 in the Kensington neighborhood. This home sits on a 0.10 acre lot. It has been listed on Rocket Homes since September 02, 2024 and is currently priced at $3,200,000.
In November 2024, from all listings sold in Brooklyn, NY there were more than 28 sold above asking price, over 161 sold below and more than 196 were sold right at the asked price. The inventory of homes for sale in Brooklyn, NY between October 2024 and November 2024 decreased by 10.5%. In November 2024, listings were on the market for 111 days. During the same period, the median list price in this real estate market was $979,913.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Art Museums
Art Museums
Major League Soccer (MLS)
Music Concerts
Bloomingdales
Banana Republic
H&M
Starbucks
Jack In The Box
Chipotle
Audi
Toyota
Volkswagen
News
Jazz
Rhythmic Contemporary Hits