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Brooklyn / Flatbush / 11226

575 OCEAN AVENUE

Boro3
Block5101
Lot29
BBL3051010029
Class D4
Residential units
63
Units in total
63
Storeys
6
Year built
1926
Last alteration on file
-
Recorded transfers
8 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
21 Sep 2023$290,0004KSINGLE RESIDENTIAL COOP UNITRPTT&RET
8 Aug 2022$465,0004ASINGLE RESIDENTIAL COOP UNITRPTT&RET
7 Jul 2022$245,0006ESINGLE RESIDENTIAL COOP UNITRPTT&RET
10 Nov 2021$250,5002ESINGLE RESIDENTIAL COOP UNITRPTT&RET
13 Jul 2017$95,0005ESINGLE RESIDENTIAL COOP UNITRPTT&RET
22 Jun 2017$95,0004EMULTIPLE RESIDENTIAL COOP UNITRPTT&RET
10 Oct 2016$95,0005KSINGLE RESIDENTIAL COOP UNITRPTT&RET
19 May 2016$124,0003GSINGLE 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
20231$290,000--
20222$355,000$245,000$465,000
20211$250,500--
20172$95,000$95,000$95,000
20162$109,500$95,000$124,000
02

The building on the lot

Section through the lot

LOT 17,762 SQ FT6
Drawn from PLUTO: 6 storeys, 67,084 sq ft of building on 17,762 sq ft of lot, an average floor plate covering 63% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
17,762 sq ft
Building area
67,084 sq ft
Residential area
67,084 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.78
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$359,550
Assessed total value
$2,518,200
Exempt value
$1,643,621
Assessed per residential unit
$39,971

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
40.648673, -73.960194
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