Brooklyn / Prospect Lefferts Gardens-Wingate / 11225
297 OCEAN AVENUE
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.
| Recorded | Consideration | Unit | What transferred | Instrument |
|---|---|---|---|---|
| 9 Sep 2008 | $700,000 | - | APARTMENT BUILDING | RPTT&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.
The building on the lot
Section through the lot
Assessment
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
Other buildings in Prospect Lefferts Gardens-Wingate
| Address | Class | Res. units | Built | Transfers | Median apartment, 5 yr |
|---|---|---|---|---|---|
| 811 RUTLAND ROAD | D4 | 294 | 1953 | 0 | - |
| 590 FLATBUSH AVENUE | D3 | 272 | 1962 | 0 | - |
| 626 FLATBUSH AVENUE | D6 | 254 | 2014 | 0 | - |
| 710 EAST NEW YORK AVENUE | D9 | 230 | 1968 | 0 | - |
| 580 FLATBUSH AVENUE | D3 | 224 | 1962 | 0 | - |
| 446 KINGSTON AVENUE | D4 | 193 | 1928 | 166 | $310k |
| 636 BROOKLYN AVENUE | D4 | 160 | 1959 | 0 | - |
| 367 CLARKSON AVE | RM | 150 | 2024 | 0 | - |
| 80 WINTHROP STREET | D4 | 144 | 1927 | 158 | $387k |
| 601 ALBANY AVENUE | D1 | 143 | 1955 | 0 | - |
| 1125 WASHINGTON AVENUE | D1 | 132 | 1938 | 1 | - |
| 225 PARKSIDE AVENUE | D7 | 126 | 1923 | 3 | - |