515 Ocean Avenue, Brooklyn
Apartment building · 24 units · built c. 1926 · Block 5081, Lot 43.
Building permits
- Alteration, filed Feb 7, 2024, estimated cost $5K, described as “Modification of the sprinkler system per new layout.”
- Alteration, filed Feb 7, 2024, estimated cost $16K, described as “Modification of the HVAC distribution per new layout.”
- Alteration, filed Feb 2, 2024, estimated cost $252K, described as “This project is a medium renovation for an existing financial center. Scope affects interior existing spaces and includes, but is not limited to, partial demolition of interior spaces, new finishes, partitions, doors and electrical…”
- Alteration, filed Jan 23, 2024, estimated cost $915, described as “Erect illuminated accessory business wall sign; copy reading "bank of america"”
- Alteration, filed Jan 23, 2024, estimated cost $1K, described as “Erect illuminated accessory business "flag logo" wall sign”
- Alteration, filed Jan 23, 2024, estimated cost $1K, described as “Erect illuminated accessory business "flag logo" wall sign”
- Alteration, filed Jan 23, 2024, estimated cost $915, described as “Erect illuminated accessory business wall sign; copy reading "bank of america"”
- Alteration, filed Jan 23, 2024, estimated cost $915, described as “Erect illuminated accessory business wall sign; copy reading "bank of america"”
- Alteration, filed Jan 23, 2024, estimated cost $1K, described as “Erect illuminated accessory business "flag logo" wall sign”
- Alteration, filed Jan 23, 2024, estimated cost $5K, described as “Erect replacement aluminum cabinets on facade for commercial storefront”
- Alteration, filed Nov 30, 2023, estimated cost $3K, described as “Replace illuminated accessory business channel letter wall sign, no change to use, egress or occupation”
- Alteration, filed Jan 14, 2021, estimated cost $4K, described as “Replace illuminated, accessory business channel letter wall sign on the existing panel, no change to use, egress or occupation”
- Alteration, filed Aug 23, 2018, described as “Installation of heavy duty sidewalk shed as per plans. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $3,615,750
- 2026–27 tax
- $195,959
- Market value (city estimate)
- $8,035,000
- Taxable value
- $1,575,360
- Assessed land
- $128,250
- Assessed improvements
- $3,487,500
Tax breaks
- ICAP/ICIP exemption, through Jun 30, 2032, about $212,830 a year below the full tax.
Zoning
R7A: floor area ratio 4.11 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- Flatbush Avenue BID Expansion (City Planning 2023K0228): Business improvement district, Completed, filed Dec 14, 2022, decided Feb 20, 2024. An application from the Department of Small Business Services (SBS) to expand and amend the Flatbush Avenue Business Improvement District in Community Districts 9 and 14 of Brooklyn. (The map below shows the approximate boundary; Please…