# 305 Ocean Parkway, Brooklyn

Apartment building · 60 units · built 1941 · Block 5358, Lot 71.

On Umarelli: https://umarelli.org/nyc/3053580071/305-ocean-parkway

More construction in Ocean Parkway: https://umarelli.org/nyc/brooklyn/ocean-parkway.md

## 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](https://newyorkyimby.com/2026/03/two-new-residential-towers-planned-for-303-ocean-parkway-and-400-neptune-avenue-in-coney-island-brooklyn.html), New York YIMBY, Mar 22, 2026.

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