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Brooklyn / Kensington / 11218

572 OCEAN PARKWAY

Boro3
Block5399
Lot45
BBL3053990045
Class C1
Residential units
36
Units in total
36
Storeys
4
Year built
1931
Last alteration on file
-
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 14,000 SQ FT4
Drawn from PLUTO: 4 storeys, 34,000 sq ft of building on 14,000 sq ft of lot, an average floor plate covering 61% of it. The dashed outline is the difference between the floor area ratio already built (2.43) and the residential floor area ratio of the zoning district (4). It is a diagram of recorded figures, not a picture of the building.
Lot area
14,000 sq ft
Building area
34,000 sq ft
Residential area
34,000 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.43
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$118,350
Assessed total value
$1,124,550
Exempt value
$0
Assessed per residential unit
$31,238

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
C1OVER SIX FAMILIES WITHOUT STORES
Neighbourhood
Kensington
ZIP code
11218
Community district
Brooklyn 12
Council district
40
Coordinates
40.633921, -73.97295
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