Is 488 Ocean Pkwy rent stabilized?
488 Ocean Pkwy is a registered NYC rent-stabilized building in Kensington, Brooklyn (11218). It has about 49 apartments, built in 1958.
Also written as 488 Ocean Parkway — or 488 Ocean Pkwy, Brooklyn, NY 11218.
How this building compares
With about 49 apartments it is larger than 67% of the 195 rent-stabilized buildings this site tracks in Kensington. It went up in 1958, 28 years after the 1930 median for stabilized buildings tracked in the neighborhood. HPD lists 4 open violations here, about one for every 12 apartments — below the 0.6 per apartment median for tracked buildings in the neighborhood. Of the 141 violations on record at the address, 25 are class C — HPD's immediately hazardous grade, and 1 of them is still open. Tenants have filed 168 HPD complaints at the address, 1 of them in the last twelve months.
Building details
| Borough | Brooklyn |
| Neighborhood | Kensington |
| ZIP | 11218 |
| Year built | 1958 |
| Apartments | 49 |
| Rent-stabilized | Yes — DHCR registered |
| Stabilization code | MULTIPLE DWELLING A, NON-EVICT COOP/CONDO |
| BBL | 3053890041 |
Owner & management
| Owner | EDGEWOOD INC 5614 15TH AVENUE #1A · BKLYN, NY 11219 |
| Managing agent | NEWPORT MANAGEMENT LLC |
Building conditions
| HPD violations | 4 open / 141 total |
| HPD complaints | 0 open / 168 total |
| HPD registration last filed | August 20, 2025 |
Full building report — $9
Frequently asked questions
Is 488 Ocean Pkwy rent stabilized?
488 Ocean Pkwy in Kensington, Brooklyn is registered as rent stabilized in the New York State DHCR 2024 rent-stabilized building files, where its stabilization codes are MULTIPLE DWELLING A and NON-EVICT COOP/CONDO. Registration is recorded for the building, not for each apartment in it, so an individual unit here can still have been deregulated — ask the landlord or DHCR for that apartment's rent history before relying on it.
How many apartments are at 488 Ocean Pkwy?
488 Ocean Pkwy (BBL 3053890041) has about 49 residential apartments and was built in 1958, from NYC PLUTO. PLUTO counts the building's units; it does not say how many of them are rent stabilized.