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Brooklyn / Kensington / 11218

488 OCEAN PARKWAY

Boro3
Block5389
Lot41
BBL3053890041
Class D4
Residential units
49
Units in total
49
Storeys
6
Year built
1958
Last alteration on file
-
Recorded transfers
47 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
11 Jun 2026$525,0005ESINGLE RESIDENTIAL COOP UNITRPTT&RET
19 Aug 2025$515,0005GSINGLE RESIDENTIAL COOP UNITRPTT&RET
24 Jun 2025$400,0003FMULTIPLE RESIDENTIAL COOP UNITRPTT&RET
26 Sep 2024$405,0005CSINGLE RESIDENTIAL COOP UNITRPTT&RET
4 Jun 2024$399,0002ESINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Feb 2023$415,0003CSINGLE RESIDENTIAL COOP UNITRPTT&RET
29 Nov 2022$217,0005DSINGLE RESIDENTIAL COOP UNITRPTT&RET
4 Aug 2022$380,0006FSINGLE RESIDENTIAL COOP UNITRPTT&RET
17 May 2022$410,0006BSINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Sep 2021$649,0005ASINGLE RESIDENTIAL COOP UNITRPTT&RET
29 Jul 2021$435,0006GSINGLE RESIDENTIAL COOP UNITRPTT&RET
19 Jan 2021$234,0001HSINGLE RESIDENTIAL COOP UNITRPTT&RET
7 Apr 2020$352,5002GSINGLE RESIDENTIAL COOP UNITRPTT&RET
31 Oct 2018$435,0005ESINGLE RESIDENTIAL COOP UNITRPTT&RET
6 Aug 2018$436,1006CSINGLE RESIDENTIAL COOP UNITRPTT&RET
16 Jul 2018$435,0003GSINGLE RESIDENTIAL COOP UNITRPTT&RET
19 Jun 2018$430,0005GSINGLE RESIDENTIAL COOP UNITRPTT&RET
10 May 2018$425,0004ESINGLE RESIDENTIAL COOP UNITRPTT&RET
9 Sep 2015$250,0006DSINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Jul 2015$577,0005ASINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Jan 2015$189,0003DSINGLE RESIDENTIAL COOP UNITRPTT&RET
30 Oct 2014$260,0006BSINGLE RESIDENTIAL COOP UNITRPTT&RET
12 Nov 2013$177,0003GSINGLE RESIDENTIAL COOP UNITRPTT&RET
17 Jul 2013$135,0001HSINGLE RESIDENTIAL COOP UNITRPTT&RET
22 May 2013$325,0005ASINGLE RESIDENTIAL COOP UNITRPTT&RET
9 Apr 2013$210,9121ESINGLE RESIDENTIAL COOP UNITRPTT&RET
13 Jun 2011$218,0005BSINGLE RESIDENTIAL COOP UNITRPTT&RET
25 Sep 2007$146,0003-DSINGLE RESIDENTIAL COOP UNITRPTT&RET
16 Jul 2007$167,8906DSINGLE RESIDENTIAL COOP UNITRPTT&RET
30 Mar 2007$228,0004ESINGLE RESIDENTIAL COOP UNITRPTT&RET
20 Mar 2007$195,0006CSINGLE RESIDENTIAL COOP UNITRPTT&RET
2 Nov 2006$212,5001BSINGLE RESIDENTIAL COOP UNITRPTT&RET
11 Sep 2006$187,0006FSINGLE RESIDENTIAL COOP UNITRPTT&RET
24 Feb 2006$315,0004ASINGLE RESIDENTIAL COOP UNITRPTT&RET
24 Feb 2006$182,0002GSINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Nov 2005$333,0002ASINGLE RESIDENTIAL COOP UNITRPTT
7 Nov 2005$180,0003GSINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Jul 2005$155,0005GSINGLE RESIDENTIAL COOP UNITRPTT&RET
13 Jul 2005$169,0005ESINGLE RESIDENTIAL COOP UNITRPTT&RET
30 Mar 2005$173,0006GSINGLE RESIDENTIAL COOP UNITRPTT&RET
47 transfers are recorded against this building since 2003. The 40 most recent are printed here; the yearly summary above counts all of them.
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
20261$525,000--
20252$457,500$400,000$515,000
20242$402,000$399,000$405,000
20231$415,000--
20223$380,000$217,000$410,000
20213$435,000$234,000$649,000
20201$352,500--
20185$435,000$425,000$436,100
20153$250,000$189,000$577,000
20141$260,000--
20134$193,956$135,000$325,000
20111$218,000--
20074$181,445$146,000$228,000
20064$199,750$182,000$315,000
20056$171,000$133,000$333,000
20046$95,250$74,000$135,000
02

The building on the lot

Section through the lot

LOT 12,000 SQ FT6
Drawn from PLUTO: 6 storeys, 43,116 sq ft of building on 12,000 sq ft of lot, an average floor plate covering 60% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
12,000 sq ft
Building area
43,116 sq ft
Residential area
43,116 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.59
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$297,000
Assessed total value
$1,432,350
Exempt value
$26,560
Assessed per residential unit
$29,232

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
40.636553, -73.973467
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