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Brooklyn / Bay Ridge / 11209

515 OVINGTON AVENUE

Boro3
Block5874
Lot84
BBL3058740084
Class D1
Residential units
67
Units in total
67
Storeys
6
Year built
1956
Last alteration on file
2018
Recorded transfers
1 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
18 Jun 2020$16,900,000-APARTMENT BUILDINGRPTT&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.
02

The building on the lot

Section through the lot

LOT 18,850 SQ FT6
Drawn from PLUTO: 6 storeys, 72,000 sq ft of building on 18,850 sq ft of lot, an average floor plate covering 64% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
18,850 sq ft
Building area
72,000 sq ft
Residential area
72,000 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.82
Residential FAR permitted
1.5
Zoning district
R5B
03

Assessment

Assessed land value
$292,950
Assessed total value
$2,683,800
Exempt value
$0
Assessed per residential unit
$40,057

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
Bay Ridge
ZIP code
11209
Community district
Brooklyn 10
Council district
47
Coordinates
40.63261, -74.020655
05

Other buildings in Bay Ridge

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
9000 SHORE ROADD755819770-
190 72 STREETD44551932276$280k
350 65 STREETD439119710-
9201 SHORE ROADD42541960242$430k
9255 SHORE ROADD42351951162$345k
8701 SHORE ROADD41741932144$472k
9101 SHORE ROADD117419610-
130 72 STREETD115619550-
9707 4 AVENUED41451957111$409k
9511 SHORE ROADR41441957114$849k
9902 3 AVENUED41441954120$320k
8801 SHORE ROADD114219361-

Every building on file in Bay Ridge