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Brooklyn / Flatbush / 11226

700 OCEAN AVENUE

Boro3
Block5123
Lot25
BBL3051230025
Class D4
Residential units
66
Units in total
66
Storeys
6
Year built
1924
Last alteration on file
2018
Recorded transfers
3 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
3 Mar 2015$18,000,00066APARTMENT BUILDINGDEED
13 Sep 2012$9,075,000-APARTMENT BUILDINGDEED
16 Sep 2008$7,500,000-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20151$18,000,000--
20121$9,075,000--
20081$7,500,000--
02

The building on the lot

Section through the lot

LOT 21,225 SQ FT6
Drawn from PLUTO: 6 storeys, 81,312 sq ft of building on 21,225 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
21,225 sq ft
Building area
81,312 sq ft
Residential area
81,312 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.83
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$429,750
Assessed total value
$1,968,300
Exempt value
$0
Assessed per residential unit
$29,823

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
40.645747, -73.960617
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