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Brooklyn / Midwood / 11230

1524 OCEAN AVENUE

Boro3
Block6721
Lot62
BBL3067210062
Class C1
Residential units
34
Units in total
34
Storeys
4
Year built
1914
Last alteration on file
-
Recorded transfers
1 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
11 Feb 2004$2,075,00034APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 9,178 SQ FT4
Drawn from PLUTO: 4 storeys, 25,400 sq ft of building on 9,178 sq ft of lot, an average floor plate covering 69% of it. The dashed outline is the difference between the floor area ratio already built (2.77) and the residential floor area ratio of the zoning district (4). It is a diagram of recorded figures, not a picture of the building.
Lot area
9,178 sq ft
Building area
25,400 sq ft
Residential area
25,400 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.77
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$131,850
Assessed total value
$596,250
Exempt value
$0
Assessed per residential unit
$17,537

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
C1OVER SIX FAMILIES WITHOUT STORES
Neighbourhood
Midwood
ZIP code
11230
Community district
Brooklyn 14
Council district
44
Coordinates
40.624809, -73.956678
05

Other buildings in Midwood

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
1263 EAST 14 STREETD630220171-
1401 OCEAN AVENUED41841963110$750k
1255 EAST 19 STREETD314419590-
2400 NOSTRAND AVENUED113319553-
1615 AVENUE ID41321941134$440k
920 EAST 17 STREETD41321948111$425k
1602 AVENUE ID4129194156$377k
1219 AVENUE OD112019852-
1818 OCEAN AVENUED112019490-
2525 NOSTRAND AVENUED4114195368$309k
1641 OCEAN AVENUED111319260-
2501 NOSTRAND AVENUED711219532-

Every building on file in Midwood