# 500 Ocean Avenue, Brooklyn

Co-op · 64 units · built c. 1931 · Block 5080, Lot 60.

On Umarelli: https://umarelli.org/nyc/3050800060/500-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 Sep 15, 2026, estimated cost $75K, described as “Filing herewith interior renovation on the 3RD floor apt 3G as indicated on the drawings. No change in use egress or occupancy”

## Property taxes

- Assessment: $1,982,250
- 2026–27 tax: $230,620
- Market value (city estimate): $4,405,000
- Taxable value: $1,969,070
- Assessed land: $509,850
- Assessed improvements: $1,472,400

## Tax breaks

- Co-op and condo abatement, with no end date, a $14,658 credit this tax year.

## Zoning

R7A: floor area ratio 4.27 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Oct 29, 2024: $470,000
- Oct 4, 2024: $1,045,000
- Sep 24, 2024: $490,000
- Sep 12, 2024: $499,000
- Jun 5, 2024: $1,018,249
- Jun 15, 2023: $646,589
- Feb 27, 2023: $717,866
- Dec 14, 2022: $583,500
- Nov 18, 2022: $882,984
- Mar 2, 2017: $46,671

The 10 most recent of 12 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