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Brooklyn / Flatbush / 11226

570 OCEAN AVENUE

Boro3
Block5099
Lot128
BBL3050990128
Class D1
Residential units
60
Units in total
60
Storeys
6
Year built
1957
Last alteration on file
-
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
31 Jan 2006$149,0585ASINGLE 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.
02

The building on the lot

Section through the lot

LOT 9,568 SQ FT6
Drawn from PLUTO: 6 storeys, 45,150 sq ft of building on 9,568 sq ft of lot, an average floor plate covering 79% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
9,568 sq ft
Building area
45,150 sq ft
Residential area
45,150 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.72
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$129,600
Assessed total value
$1,381,950
Exempt value
$0
Assessed per residential unit
$23,033

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
40.648857, -73.96108
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