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Brooklyn / Flatbush / 11226

500 OCEAN AVENUE

Boro3
Block5080
Lot60
BBL3050800060
Class D4
Residential units
64
Units in total
64
Storeys
6
Year built
1931
Last alteration on file
-
Recorded transfers
22 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
29 Oct 2024$470,0003ASINGLE RESIDENTIAL COOP UNITRPTT&RET
4 Oct 2024$1,045,0005CSINGLE RESIDENTIAL COOP UNITRPTT&RET
24 Sep 2024$490,0004ASINGLE RESIDENTIAL COOP UNITRPTT&RET
12 Sep 2024$499,0006ASINGLE RESIDENTIAL COOP UNITRPTT&RET
5 Jun 2024$1,018,2491CSINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Jun 2023$646,5894LSINGLE RESIDENTIAL COOP UNITRPTT&RET
27 Feb 2023$717,8663HSINGLE RESIDENTIAL COOP UNITRPTT&RET
14 Dec 2022$583,5003GSINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Nov 2022$882,9841GSINGLE RESIDENTIAL COOP UNITRPTT&RET
2 Mar 2017$46,6713KSINGLE RESIDENTIAL COOP UNITRPTT&RET
17 Jun 2016$115,0003BSINGLE RESIDENTIAL COOP UNITRPTT&RET
31 Jul 2014$110,0003GSINGLE RESIDENTIAL COOP UNITRPTT&RET
30 Jul 2014$190,0005CSINGLE RESIDENTIAL COOP UNITRPTT&RET
4 Apr 2014$75,0005LSINGLE RESIDENTIAL COOP UNITRPTT&RET
6 Jan 2014$6,038,1946CSINGLE RESIDENTIAL COOP UNIT38 lotsRPTT&RET
10 Nov 2010$70,0004CSINGLE RESIDENTIAL COOP UNITRPTT&RET
16 Sep 2010$126,2502-ESINGLE RESIDENTIAL COOP UNITRPTT&RET
9 Nov 2009$210,0003JSINGLE RESIDENTIAL COOP UNITRPTT&RET
19 Jun 2007$212,9405BSINGLE RESIDENTIAL COOP UNITRPTT&RET
30 Jan 2007$126,7506-FSINGLE RESIDENTIAL COOP UNITRPTT&RET
21 Nov 2005$130,0005HSINGLE RESIDENTIAL COOP UNITRPTT&RET
5 May 2005$120,0003CSINGLE RESIDENTIAL COOP UNITRPTT&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
20245$499,000$470,000$1,045,000
20232$682,228$646,589$717,866
20222$733,242$583,500$882,984
20171$46,671--
20161$115,000--
20144$150,000$75,000$6,038,194
20102$98,125$70,000$126,250
20091$210,000--
20072$169,845$126,750$212,940
20052$125,000$120,000$130,000
02

The building on the lot

Section through the lot

LOT 20,608 SQ FT6
Drawn from PLUTO: 6 storeys, 87,951 sq ft of building on 20,608 sq ft of lot, an average floor plate covering 71% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
20,608 sq ft
Building area
87,951 sq ft
Residential area
87,951 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.27
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$509,850
Assessed total value
$1,982,250
Exempt value
$13,180
Assessed per residential unit
$30,973

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
Flatbush
ZIP code
11226
Community district
Brooklyn 14
Council district
40
Coordinates
40.650614, -73.96153
05

Other buildings in Flatbush

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
BEDFORD AVENUED635420240-
BEVERLY ROADD629620240-
800 FLATBUSH AVENUERM25520190-
1640 FLATBUSH AVENUED717120230-
2255 NOSTRAND AVENUED616320240-
18 WOODRUFF AVENUED116119550-
160 PARKSIDE AVENUED315819641-
21 LENOX ROADD615020250-
765 FLATBUSH AVENUED615020250-
1710 CORTELYOU ROADD713119601-
45 WOODRUFF AVENUED313120150-
777 EAST 31 STREETD112519610-

Every building on file in Flatbush