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Brooklyn / Flatbush / 11210

1199 OCEAN AVENUE

Boro3
Block5241
Lot6
BBL3052410006
Class D4
Residential units
62
Units in total
63
Storeys
6
Year built
1958
Last alteration on file
-
Recorded transfers
4 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
5 Feb 2024$205,000308SINGLE RESIDENTIAL COOP UNITRPTT&RET
16 Dec 2020$380,000501SINGLE RESIDENTIAL COOP UNITRPTT&RET
30 Sep 2015$142,500308SINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Nov 2005$75,000308SINGLE 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$205,000--
20201$380,000--
20151$142,500--
20051$75,000--
02

The building on the lot

Section through the lot

LOT 16,280 SQ FT6
Drawn from PLUTO: 6 storeys, 81,000 sq ft of building on 16,280 sq ft of lot, an average floor plate covering 83% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
16,280 sq ft
Building area
81,000 sq ft
Residential area
75,000 sq ft
Commercial area
6,000 sq ft
Office area
1,000 sq ft
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.98
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$219,600
Assessed total value
$2,599,650
Exempt value
$0
Assessed per residential unit
$41,930

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
40.633252, -73.95744
05

Other buildings in Flatbush

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18 WOODRUFF AVENUED116119550-
160 PARKSIDE AVENUED315819641-
21 LENOX ROADD615020250-
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1710 CORTELYOU ROADD713119601-
45 WOODRUFF AVENUED313120150-
777 EAST 31 STREETD112519610-

Every building on file in Flatbush