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Brooklyn / Kensington / 11218

430 OCEAN PARKWAY

Boro3
Block5389
Lot10
BBL3053890010
Class D4
Residential units
84
Units in total
84
Storeys
6
Year built
1941
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
14 Jan 2025$270,0001HSINGLE RESIDENTIAL COOP UNITRPTT&RET
30 Jan 2023$649,0006NSINGLE RESIDENTIAL COOP UNITRPTT&RET
21 Jun 2022$444,0006HSINGLE RESIDENTIAL COOP UNIT2 lotsRPTT&RET
21 Jun 2022$18,336,3135NSINGLE RESIDENTIAL COOP UNIT81 lotsRPTT&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
20251$270,000--
20231$649,000--
20222$9,390,157$444,000$18,336,313
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 26,200 SQ FT6
Drawn from PLUTO: 6 storeys, 88,277 sq ft of building on 26,200 sq ft of lot, an average floor plate covering 56% of it. The dashed outline is the difference between the floor area ratio already built (3.37) 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
26,200 sq ft
Building area
88,277 sq ft
Residential area
88,277 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.37
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$530,550
Assessed total value
$3,282,300
Exempt value
$0
Assessed per residential unit
$39,075

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
40.638101, -73.973755
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