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Brooklyn / Flatbush / 11226

485 OCEAN AVENUE

Boro3
Block5081
Lot28
BBL3050810028
Class D1
Residential units
100
Units in total
100
Storeys
6
Year built
1931
Last alteration on file
-
Recorded transfers
None
01

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.

02

The building on the lot

Section through the lot

LOT 26,975 SQ FT6
Drawn from PLUTO: 6 storeys, 115,009 sq ft of building on 26,975 sq ft of lot, an average floor plate covering 71% of it. PLUTO records 2 buildings on this lot, so the mass drawn is their combined floor area. It is a diagram of recorded figures, not a picture of the building.
Lot area
26,975 sq ft
Building area
115,009 sq ft
Residential area
115,009 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
2
Built floor area ratio
4.26
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$607,050
Assessed total value
$2,261,250
Exempt value
$0
Assessed per residential unit
$22,613

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
D1ELEVATOR APT; SEMI-FIREPROOF WITHOUT STORES
Neighbourhood
Flatbush
ZIP code
11226
Community district
Brooklyn 14
Council district
40
Coordinates
40.650938, -73.960574
05

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Every building on file in Flatbush