The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$350,000
575 Ocean Ave Apt 4B
Brooklyn, NY, 11226
View more Brooklyn, NY property pages1Beds
1Baths
666Sqft
$526$/sqft
Listing Notes
HDFC Cooperative with Income Restrictions This is an HDFC cooperative with income restriction. Purchaser(s) to use the 2025 (120% of AMI) amounts below as a guide. The actual income restriction may vary. Income are based on family size and only pertain to incoming buyers; there are no restrictions on the assets or future income after you become a shareholder/owner. Family of 1 is $136, 080 Family of 2 is $155, 520 Family of 3 is $174, 960 Apartment Details: This is for 250 shares of a cooperative. Big 1-bedroom/1-bathroom apartment in Flatbush has Southern and Western exposures. The apartment has good bones and a spacious layout with an eat-in kitchen, living room, plenty of closet space and bathroom with soaking tub. 4B is located on the 4th floor of this pre-war elevator building. Building Details: This HDFC cooperative consists of 63 units and has sufficient savings along with no planned assessments. This apartment must be used as the owners primary residence. Gifting of down payment or purchase price is allowed. Bank financing (mortgage) of up to 80% of the sale price is allowed. Dishwashers are allowed upon board approval. The super lives in the building. Pets are allowed on a case by case basis. This is a 70/30 building. Upon the resale of a unit the seller keeps 70% of the profit and the building gets 30%; this is calculated as (Sales Price minus Purchase Price) times the Percentage. Please email me for the 3D Tour and to find out more information. I look forward to hearing from you!
Market Insights
Above nearby median+36%
$526/sqft vs a nearby median of $387/sqft.
Nearby median$387/sqft
Nearby properties12
Property size666 sqft
- +36% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 666 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$245k$217k – $273k · 25% confidence
vs ask $350k+$105k (+30.0%)
Asking price is about 30.0% above where comps + adjustments land — there is room to negotiate.
$387/sqft median across 3 tight comps × 666 sqft= $258k
- Open Class C HPD violations−$15k −6.0%
- Visible condition issues−$10k −4.0%
- Transit access+$6k +2.5%
- Pre-war character+$6k +2.5%
Cumulative NYC adjustments−$13k−5.0%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 20 days
- Last price change
- No change recorded
- Listed
- Apr 22, 2026
- Photos
- 13 photos
- Property type
- coop
- Status
- for sale
Features & Amenities
ElevatorPets AllowedElevatorDenSoaking Tub
Photos
Building Facts
- Year built
- 1926
- Stories
- 6
- Total units
- 63
- Residential units
- 63
- Building area
- 1.54 ac
- Lot size
- 17,762 sqft
- Land use
- Multi-family elevator buildings
- Building class
- D4
From NYC public records where available.
Price History
May 4, 2026Initial record
$350,000for sale
Public Records
DOB violations24 open
58 total recorded against the building
HPD violations251 open
37 class C (immediately hazardous)
ACRIS documents18
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)59,962
Top: heat/hot water
Top complaint types in ZIP 11226
- HEAT/HOT WATER11,419
- Noise - Residential6,228
- Illegal Parking5,811
- UNSANITARY CONDITION4,038
- Noise - Street/Sidewalk3,184
Recent DOB
- Dec 30, 2024V-DOB VIOLATION - ACTIVE · FISPHAZ-HAZARDOUS CONDITION (FACADE) FACADE REQUIRED
- Feb 22, 2024V-DOB VIOLATION - ACTIVE · FISPNRF-NO REPORT AND / OR LATE FILING (FACADE) FACADE REQUIRED
- Aug 2, 2023V-DOB VIOLATION - ACTIVE · BENCH-FAILURE TO BENCHMARK NONE
- Jun 30, 2023V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Recent HPD
- Mar 23, 2026Class C · HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 1F, 1st STORY, 2nd APARTMENT FROM EAST AT SOUTH
- Mar 23, 2026Class C · HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF MICE IN THE ENTIRE APARTMENT LOCATED AT APT 1F, 1st STORY, 2nd APARTMENT FROM EAST AT SOUTH
- Mar 23, 2026Class B · § 27-2037, 2038 HMC: PROVIDE A SAFE AND ADEQUATE SUPPLY OF ELECTRIC SERVICE TO THE FIXTURES AT CEILING IN THE KITCHEN LOCATED AT APT 1F, 1st STORY, 2nd APARTMENT FROM EAST AT SOUTH
- Mar 20, 2026Class C · HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 1F, 1st STORY, 2nd APARTMENT FROM EAST AT SOUTH
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.