Brooklyn / Madison / 11229

2540 OCEAN AVENUE

Boro3

Block7324

Lot42

BBL3073240042

Class C7

Residential units

Units in total

Storeys

Year built

1926

Last alteration on file

Recorded transfers

None

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

The building on the lot

Section through the lot

Drawn from PLUTO: 4 storeys, 33,600 sq ft of building on 11,150 sq ft of lot, an average floor plate covering 75% of it. The dashed outline is the difference between the floor area ratio already built (3.01) 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

11,150 sq ft

Building area

33,600 sq ft

Residential area

27,500 sq ft

Commercial area

6,100 sq ft

Office area

Retail area

6,100 sq ft

Buildings on the lot

Built floor area ratio

3.01

Residential FAR permitted

Zoning district

R7A

Assessment

Assessed land value

$198,450

Assessed total value

$1,396,800

Exempt value

Assessed per residential unit

$36,758

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.

Classification and location

Building class

C7WALK-UP APT. OVER SIX FAMILIES WITH STORES

Neighbourhood

Madison

ZIP code

11229

Community district

Brooklyn 15

Council district

Coordinates

40.599582, -73.951833

Other buildings in Madison

Address	Class	Res. units	Built	Transfers	Median apartment, 5 yr
3301 NOSTRAND AVENUE	D1	214	1960	1	-
3280 NOSTRAND AVENUE	D7	177	1961	1	-
2425 KINGS HIGHWAY	D4	137	1932	52	$356k
1900 QUENTIN ROAD	D4	124	1939	68	$347k
2350 OCEAN AVENUE	D3	110	1974	2	-
3165 NOSTRAND AVENUE	D4	108	1953	124	$250k
3203 NOSTRAND AVENUE	D4	108	1958	108	$218k
2702 KINGS HIGHWAY	D1	107	1937	0	-
1970 EAST 18 STREET	D1	106	1931	0	-
2200 OCEAN AVENUE	D1	106	1952	0	-
2450 OCEAN AVENUE	D3	105	2018	1	-
1717 EAST 18 STREET	D4	103	1957	91	$415k

Every building on file in Madison