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Brooklyn / Kensington / 11218

240 OCEAN PARKWAY

Boro3
Block5338
Lot75
BBL3053380075
Class D4
Residential units
55
Units in total
55
Storeys
6
Year built
1938
Last alteration on file
-
Recorded transfers
16 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
29 Sep 2025$400,0002DSINGLE RESIDENTIAL COOP UNITRPTT&RET
9 Oct 2024$355,0002CSINGLE RESIDENTIAL COOP UNITRPTT&RET
7 Aug 2023$150,000#6BSINGLE RESIDENTIAL COOP UNITRPTT&RET
7 Feb 2023$320,0006JSINGLE RESIDENTIAL COOP UNITRPTT&RET
1 Dec 2022$140,000#4FSINGLE RESIDENTIAL COOP UNITRPTT&RET
24 Feb 2022$185,0001CSINGLE RESIDENTIAL COOP UNITRPTT&RET
10 Sep 2020$210,000#4CSINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Jun 2020$160,000#3FSINGLE RESIDENTIAL COOP UNITRPTT&RET
17 Jun 2020$220,000#2CSINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Jul 2019$230,000#6CSINGLE RESIDENTIAL COOP UNITRPTT&RET
16 Jul 2019$190,000#2GSINGLE RESIDENTIAL COOP UNITRPTT&RET
27 Nov 2017$290,000#5GSINGLE RESIDENTIAL COOP UNITRPTT&RET
14 Nov 2016$300,000#2DSINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Dec 2014$90,0001CSINGLE RESIDENTIAL COOP UNITRPTT&RET
1 Oct 2014$260,0004DSINGLE RESIDENTIAL COOP UNITRPTT&RET
13 Feb 2006$180,000IHSINGLE RESIDENTIAL COOP UNITRPTT
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.
RPTT
NYC REAL PROPERTY TRANSFER TAX. A New York City Real Property Transfer Tax return filed on its own.

By year

YearTransfersMedian recordedLowestHighest
20251$400,000--
20241$355,000--
20232$235,000$150,000$320,000
20222$162,500$140,000$185,000
20203$210,000$160,000$220,000
20192$210,000$190,000$230,000
20171$290,000--
20161$300,000--
20142$175,000$90,000$260,000
20061$180,000--
02

The building on the lot

Section through the lot

LOT 15,000 SQ FT6
Drawn from PLUTO: 6 storeys, 52,872 sq ft of building on 15,000 sq ft of lot, an average floor plate covering 59% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
15,000 sq ft
Building area
52,872 sq ft
Residential area
-
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.52
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$196,200
Assessed total value
$2,718,450
Exempt value
$2,230
Assessed per residential unit
$49,426

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
Kensington
ZIP code
11218
Community district
Brooklyn 12
Council district
39
Coordinates
40.643748, -73.974837
05

Other buildings in Kensington

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
135 OCEAN PARKWAYD42861965347$521k
333 MCDONALD AVENUED126819600-
217 EAST 7 STREETD117419510-
303 BEVERLEY ROADD4150195685$520k
455 OCEAN PARKWAYD614719640-
370 OCEAN PARKWAYD41331961118$622k
415 BEVERLEY ROADD4130196378$520k
465 EAST 7 STREETD412519630-
515 EAST 7 STREETD41231961122$465k
70 DAHILL ROADD112219342-
280 OCEAN PARKWAYD4114194186$445k
540 OCEAN PARKWAYD4114196245$385k

Every building on file in Kensington