# 470 Ocean Avenue, Brooklyn

Apartment building · 110 units · built 1949 · Block 5080, Lot 24.

On Umarelli: https://umarelli.org/nyc/3050800024/470-ocean-avenue

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

Every lot on block 5080: https://umarelli.org/nyc/brooklyn/5080.md

## Building permits

- Alteration, filed Aug 6, 2026, estimated cost $150K, described as “Repair the damaged, spalling and delaminated concrete floor of the balcony as per the details provided. Repair or replace the steel beam based on inspection findings and engineer's recommendation. Repair the masonry cracks at the balcony.”
- Alteration, filed Jul 10, 2026, estimated cost $15K, described as “Installation of Washer and dryers in the cellar as shown on the plans to address the ECB violation # 39190074X. No change in the Ue, Egress and occupancy”
- Alteration, filed May 15, 2026, estimated cost $45K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Mar 31, 2022, estimated cost $9K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”

## Property taxes

- Assessment: $2,682,000
- 2026–27 tax: $333,614
- Market value (city estimate): $5,960,000
- Taxable value: $2,682,000
- Assessed land: $607,500
- Assessed improvements: $2,074,500

## Zoning

R7A: floor area ratio 4.05 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Mar 31, 2026: $10,340,122, 121,636 sq ft ($85 per sq ft)

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