733 Ocean Parkway

About this property

Under $400 in taxes for the year under the tax abatement! 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. This unit has a private cabana that can be purchased separately for an additional $40,000. 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.

Listing details

Property Type

Residential

Sub-Type

Condominium

Year Built

2015

Living Area

937 sqft

County

Kings (Brooklyn)

MLS #

KEY1028980

Status

Active

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