540 Ocean Avenue, Brooklyn
Apartment building · 40 units · built c. 1914 · Block 5099, Lot 116.
Building permits
- Alteration, filed Nov 14, 2019, estimated cost $7K, described as “Alteration type 3 - construction equipment - sidewalk-shed installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of the NYC building code.”
Property taxes
- Assessment
- $1,020,150
- 2026–27 tax
- $108,324
- Market value (city estimate)
- $2,267,000
- Taxable value
- $870,840
- Assessed land
- $270,000
- Assessed improvements
- $750,150
Zoning
R7A: floor area ratio 2.33 built, 4.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Nov 4, 2024: $4,250,000
Open-market sales since 2016, from the Department of Finance’s sales files.