# 416 Ocean Avenue, Brooklyn

Co-op · 90 units · built c. 1924 · Block 5061, Lot 40.

On Umarelli: https://umarelli.org/nyc/3050610040/416-ocean-avenue

More construction in Flatbush: https://umarelli.org/nyc/brooklyn/flatbush.md

Every lot on block 5061: https://umarelli.org/nyc/brooklyn/5061.md

## Building permits

- Alteration, filed Jul 17, 2026, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of 2022 the NYC building code. Live load 300PSF.”
- Alteration, filed Apr 16, 2026, estimated cost $70K, described as “Interior renovation of unit 76. New partitions and doors. Total apt sf is 1135 sf, areas of work is 558 sf. No change to exterior, no change to use, egress or occupancy”
- Alteration, filed Mar 23, 2026, described as “Installation of industrial rope access for facade inspections.”
- Alteration, filed Nov 24, 2025, estimated cost $105K, described as “General construction and plumbing modifications for the interior renovation of apt #63 on the 6TH floor. No change of use, egress or occupancy.”
- Alteration, filed Oct 9, 2025, described as “Rigging for Industrial Rope Access”
- Alteration, filed Jul 31, 2025, estimated cost $20K, described as “Renovate apartment #31 on 3RD floor. New partition work as per plan submitted. No change to use, egress or occupancy.”
- Alteration, filed Feb 13, 2024, estimated cost $158K, described as “Interior alteration to apt #42 to include the removal and installation of non-load bearing partitions and renovation of existing kitchen and bathroom. All work as indicated on plans. No change to use, occupancy or egress.”
- Alteration, filed Feb 13, 2024, estimated cost $6K, described as “Interior alteration to apt #42 to include fixture replacement throughout existing bathroom & kitchen. All work as indicated on plans. No change to use, occupancy or egress.”
- Alteration, filed Dec 18, 2023, described as “Renewal of SR22/0862”
- Alteration, filed Jan 24, 2023, estimated cost $10K, described as “Hereby filing for the interior renovation of apartment #17 (installation of mechanical units). No change in use, egress or occupancy.”
- Alteration, filed Dec 28, 2022, estimated cost $25K, described as “Hereby filing for the interior renovation of apartment #17 (installation of plumbing fixtures). No change in use, egress or occupancy.”
- Alteration, filed Dec 28, 2022, estimated cost $50K, described as “Hereby filing for the interior renovation of apartment #17. No change in use, egress or occupancy.”
- Alteration, filed Sep 22, 2022, estimated cost $7K, described as “T-Mobile: Relocation of existing antennas sector on the roof. All work is in compliance with TPPN 5/98. No change in use, egress or occupancy.”
- Alteration, filed Apr 19, 2022, estimated cost $1K, described as “Installation of temporary betamax hoist as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 19, 2022, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jan 28, 2022, estimated cost $188K, described as “Exterior facade restoration as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Oct 5, 2021, estimated cost $188K, described as “Exterior Facade Restoration as per Plans Filed Herewith. No Change in Use, Egress or Occupancy”
- Alteration, filed Jul 22, 2021, estimated cost $27K, described as “Plumbing work related to apartment renovation filed under application B00522830-I1”
- Alteration, filed Jul 22, 2021, estimated cost $100K, described as “Interior renovation of existing apartment”
- Alteration, filed Jun 18, 2021, estimated cost $80K, described as “Replace Boiler and fuel burner at cellar. No change to use egress or occupancy.”
- Alteration, filed Jan 28, 2021, estimated cost $25K, described as “Decommission of existing nycwin telecom site. Remove all antennas and equipment from the roof. No change in use, egress or occupancy. Original installation approved under application # 302330635.”
- Alteration, filed Dec 7, 2020, estimated cost $5K, described as “Installation of sidewalk shed as per plans. Sidewalk shed live load will be 300 psf, shall comply with chapter #33 of the 2014 code no change to use, egress or occupancy.”
- Alteration, filed Nov 16, 2020, estimated cost $5K, described as “Installation of pipe scaffold as per plans. Pipe scaffold shall comply with chapter #33 of the 2014 code no change to use, egress or occupancy.”
- Alteration, filed Oct 28, 2020, estimated cost $12K, described as “Temporary shoring supports to be installed at underside of existing ceiling as per plans. No change in use, egress or occupancy.”
- Alteration, filed Feb 25, 2020, estimated cost $1K, described as “Installation of sidewalk shed and scaffold in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”

## Property taxes

- Assessment: $4,643,100
- 2026–27 tax: $411,942
- Market value (city estimate): $10,318,000
- Taxable value: $4,048,300
- Assessed land: $358,650
- Assessed improvements: $4,284,450

## Tax breaks

- Co-op and condo abatement, with no end date, a $90,598 credit this tax year.
- J-51 abatement, through Dec 31, 2035, a $1,940 credit this tax year.

## Zoning

R7A: floor area ratio 7.42 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Sep 22, 2026: $675,000
- Jul 31, 2026: $910,000
- Jan 20, 2026: $675,000
- Oct 24, 2025: $600,000
- Sep 18, 2025: $800,000
- Sep 17, 2025: $925,000
- Aug 1, 2025: $750,000
- Jul 9, 2025: $635,000
- Jun 25, 2025: $1,160,000
- May 29, 2025: $699,500

The 10 most recent of 45 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology