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Brooklyn / Flatbush / 11210

1111 OCEAN AVENUE

Boro3
Block5241
Lot31
BBL3052410031
Class D4
Residential units
103
Units in total
104
Storeys
6
Year built
1954
Last alteration on file
-
Recorded transfers
2 since 2003
01

What has sold here

Every transfer the City has recorded against this lot since 2003 with a consideration above zero. A co-op apartment has no deed, so its sale is recorded as a Real Property Transfer Tax return instead; both are printed here and the instrument is named in the last column. The figure is the consideration as filed, which is not always the price a buyer would recognise.

RecordedConsiderationUnitWhat transferredInstrument
23 Dec 2024$625,000411SINGLE RESIDENTIAL COOP UNITRPTT&RET
30 Dec 2005$80,000203SINGLE RESIDENTIAL COOP UNITRPTT&RET
RPTT&RET
BOTH RPTT AND RETT. A New York City Real Property Transfer Tax return filed together with the New York State return. A co-operative apartment sale conveys shares rather than real property, so this return, and not a deed, is what gets recorded.

By year

YearTransfersMedian recordedLowestHighest
20241$625,000--
20051$80,000--
02

The building on the lot

Section through the lot

LOT 33,000 SQ FT6
Drawn from PLUTO: 6 storeys, 157,493 sq ft of building on 33,000 sq ft of lot, an average floor plate covering 80% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
33,000 sq ft
Building area
157,493 sq ft
Residential area
143,493 sq ft
Commercial area
14,000 sq ft
Office area
1,000 sq ft
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.77
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$1,039,500
Assessed total value
$4,809,600
Exempt value
$6,590
Assessed per residential unit
$46,695

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
D4ELEVATOR COOPERATIVE
Neighbourhood
Flatbush
ZIP code
11210
Community district
Brooklyn 14
Council district
45
Coordinates
40.634817, -73.95773
05

Other buildings in Flatbush

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
BEDFORD AVENUED635420240-
BEVERLY ROADD629620240-
800 FLATBUSH AVENUERM25520190-
1640 FLATBUSH AVENUED717120230-
2255 NOSTRAND AVENUED616320240-
18 WOODRUFF AVENUED116119550-
160 PARKSIDE AVENUED315819641-
21 LENOX ROADD615020250-
765 FLATBUSH AVENUED615020250-
1710 CORTELYOU ROADD713119601-
45 WOODRUFF AVENUED313120150-
777 EAST 31 STREETD112519610-

Every building on file in Flatbush