Brooklyn (Kensington), NY, 11230 | $899,000

Envision a residence where morning light streams through floor to ceiling windows and a private balcony opens onto tranquil backyard views. Welcome to Arbor Condominium, Kensington's most distinguished new address and the last tax abated building in South Brooklyn. Residence 7C is a refined two-bedroom, two-bath home in which East-facing exposures illuminate an open living and dining space anchored by a thoughtfully designed L-shaped kitchen. The bedrooms are positioned at opposite ends of the residence to ensure exceptional privacy, and the primary suite is complemented by its own en-suite bath. Every element has been executed with care: Ferrero Lengo Italian pre-finished doors, Daikin climate control, and Vallelunga Italian porcelain floors with radiant heat that provide warmth throughout the cooler months, along with the everyday convenience of an in-unit washer/dryer. The kitchen is a study in craftsmanship, appointed with Calacatta quartz countertops and backsplash, soft close Copatlife custom Italian cabinetry, and a paneled Samsung and Beko appliance package, while the spa-inspired baths offer rain showers, LED lit mirrors, and generous 32-inch soaking tubs.

Of particular distinction, this sale includes a private cabana, an exclusive personal retreat on the building's amenity level that is rarely offered to the market. It is a distinguished amenity that sets Residence 7C apart and confers lasting lifestyle value and resale appeal that few residences in the building can claim. Beyond the home, a remarkable rooftop presents sweeping views of the Brooklyn and Manhattan skylines, complemented by lounge and picnic areas, a BBQ grill and kitchenette, a fully equipped fitness center, and the elegant Arbor lounge and co-working space that connects seamlessly to the Ocean Parkway Malls.

With its exceptional finishes, comprehensive amenities, and a valuable 421A tax abatement that keeps monthly taxes at just $25. 00 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 $475. 86, the cost of ownership is as compelling as the residence itself. A home of this caliber, with a private cabana included, is an opportunity that seldom presents itself. All measurements are approximate. Images are renders that were virtually staged. Pictures represent various layouts. The complete offering terms are set forth in an offering plan available from File No: CD21-0132.

Features

  • Town: Brooklyn
  • Cooling: Other
  • Levels: 9
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Building Washer Dryer Install Allowed,In Unit
  • Year Built: 2023
  • Common Charge: $476 Monthly
  • Approx Sq. Feet: 937
  • Est. Taxes: $300
  • View: City
  • Pet Policy: Building Yes,Yes
  • Appliances: Dryer,Washer
  • MLS#: RLS20103654
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/RLS20103654/733oceanparkway_brooklyn_ny?source=qrflyer
Copyright © 2026  The Real Estate Board of New York, Inc., All rights reserved
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Keller Williams Realty Empire   Phone: (718) 954-8400

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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Brooklyn (Kensington), NY, 11230

$899,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $719,200 $719,200 $719,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.110% 5.932%
Monthly Tax Payment $25 $25 $25
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,971 $4,312 $5,972
Total Monthly Payment $4,088 $4,429 $6,089

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.