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Brooklyn / Kensington / 11218

540 OCEAN PARKWAY

Boro3
Block5399
Lot21
BBL3053990021
Class D4
Residential units
114
Units in total
114
Storeys
6
Year built
1962
Last alteration on file
-
Recorded transfers
45 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
30 Sep 2025$380,0005RSINGLE RESIDENTIAL COOP UNITRPTT&RET
7 May 2025$710,0005ISINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Jun 2024$180,0002ESINGLE RESIDENTIAL COOP UNITRPTT&RET
26 Oct 2023$385,0003HSINGLE RESIDENTIAL COOP UNITRPTT&RET
29 Sep 2023$408,0004GSINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Sep 2023$690,0006SSINGLE RESIDENTIAL COOP UNITRPTT&RET
14 Nov 2022$420,0002PSINGLE RESIDENTIAL COOP UNITRPTT&RET
5 May 2022$340,0004LSINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Feb 2022$310,0002PSINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Jan 2022$240,0001ESINGLE RESIDENTIAL COOP UNITRPTT&RET
27 May 2021$682,5004ISINGLE RESIDENTIAL COOP UNITRPTT&RET
7 Oct 2019$475,0003DSINGLE RESIDENTIAL COOP UNITRPTT&RET
17 Jul 2019$445,0003MSINGLE RESIDENTIAL COOP UNITRPTT&RET
21 May 2019$270,0005GSINGLE RESIDENTIAL COOP UNITRPTT&RET
10 Aug 2018$583,0004FSINGLE RESIDENTIAL COOP UNITRPTT&RET
31 May 2018$549,0006SSINGLE RESIDENTIAL COOP UNITRPTT&RET
22 Mar 2018$543,0006FSINGLE RESIDENTIAL COOP UNITRPTT&RET
16 Mar 2018$380,0003MSINGLE RESIDENTIAL COOP UNITRPTT&RET
6 Dec 2017$575,0004ISINGLE RESIDENTIAL COOP UNITRPTT&RET
17 Jul 2017$335,0002LSINGLE RESIDENTIAL COOP UNITRPTT&RET
17 Mar 2017$430,0006BSINGLE RESIDENTIAL COOP UNITRPTT&RET
12 Sep 2016$390,0005SSINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Feb 2016$230,0006RSINGLE RESIDENTIAL COOP UNITRPTT&RET
29 May 2015$410,0003FSINGLE RESIDENTIAL COOP UNITRPTT&RET
2 Apr 2015$285,0004FSINGLE RESIDENTIAL COOP UNITRPTT&RET
19 Nov 2014$169,0002ESINGLE RESIDENTIAL COOP UNITRPTT&RET
13 Aug 2012$358,0006FSINGLE RESIDENTIAL COOP UNITRPTT&RET
9 Dec 2011$350,0004ISINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Nov 2011$357,0006ISINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Sep 2008$315,0004ISINGLE RESIDENTIAL COOP UNITRPTT&RET
26 Oct 2007$231,0536LSINGLE RESIDENTIAL COOP UNITRPTT&RET
10 Oct 2007$220,0003RSINGLE RESIDENTIAL COOP UNITRPTT&RET
25 Jul 2007$220,0005PSINGLE RESIDENTIAL COOP UNITRPTT&RET
12 Apr 2007$85,0001ASINGLE RESIDENTIAL COOP UNITRPTT&RET
24 Oct 2006$300,0003SSINGLE RESIDENTIAL COOP UNITRPTT&RET
17 Jul 2006$145,0001ESINGLE RESIDENTIAL COOP UNITRPTT&RET
17 Jul 2006$320,0005SSINGLE RESIDENTIAL COOP UNITRPTT&RET
4 May 2006$90,0002NSINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Sep 2005$268,0006FSINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Sep 2005$175,0004GSINGLE RESIDENTIAL COOP UNITRPTT&RET
45 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.

By year

YearTransfersMedian recordedLowestHighest
20252$545,000$380,000$710,000
20241$180,000--
20233$408,000$385,000$690,000
20224$325,000$240,000$420,000
20211$682,500--
20193$445,000$270,000$475,000
20184$546,000$380,000$583,000
20173$430,000$335,000$575,000
20162$310,000$230,000$390,000
20152$347,500$285,000$410,000
20141$169,000--
20121$358,000--
20112$353,500$350,000$357,000
20081$315,000--
20074$220,000$85,000$231,053
20064$222,500$90,000$320,000
20053$220,000$175,000$268,000
20044$132,500$10$174,000
02

The building on the lot

Section through the lot

LOT 33,000 SQ FT6
Drawn from PLUTO: 6 storeys, 130,496 sq ft of building on 33,000 sq ft of lot, an average floor plate covering 66% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
33,000 sq ft
Building area
130,496 sq ft
Residential area
130,496 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.95
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$353,250
Assessed total value
$3,807,900
Exempt value
$37,510
Assessed per residential unit
$33,403

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
40
Coordinates
40.63506, -73.97318
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
599 EAST 7 STREETD41141961123$460k

Every building on file in Kensington