305 Ocean Parkway, Brooklyn
Apartment building · 60 units · built 1941 · Block 5358, Lot 71.
Building permits
- Alteration, filed Apr 10, 2024, estimated cost $16K, described as “Application file for facade repair work as per plans. There will be no change in the use, egress, or occupancy under this application.”
- Alteration, filed Mar 28, 2024, estimated cost $5K, 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.”
Property taxes
- Assessment
- $1,133,550
- 2026–27 tax
- $138,122
- Market value (city estimate)
- $2,519,000
- Taxable value
- $1,133,550
- Assessed land
- $237,600
- Assessed improvements
- $895,950
Tax breaks
- J-51 abatement, through Jun 30, 2042, a $2,880 credit this tax year.
Zoning
R7A (part of the lot is R5): floor area ratio 3.47 built, 4.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
In the news
Two New Residential Towers Planned For 303 Ocean Parkway and 400 Neptune Avenue in Coney Island, Brooklyn, New York YIMBY, Mar 22, 2026.