# 571 Ocean Parkway, Brooklyn

Apartment building · 29 units · built 2021 · Block 5400, Lot 72.

On Umarelli: https://umarelli.org/nyc/3054000072/571-ocean-parkway

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

## Building permits

- Alteration, filed Jun 7, 2023, estimated cost $21K, described as “Installing new partitions and new ducts”
- Alteration, filed Apr 24, 2021, estimated cost $15K, described as “Alteration type 3 - construction equipment - scaffolding installation of pipe scaffold as per plans. Pipe scaffold shall comply withchapter 33 of the NYC building code. No change in use, egress or occupancy.”
- Alteration, filed Apr 24, 2021, estimated cost $12K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 per square feet. Sidewalk shed shall comply with chapter # 33 of the 2014 code. No change in use occupancy or egress under this application.”
- Alteration, filed Mar 16, 2021, estimated cost $5K, described as “Installation of Sprinklers in conjunction with a new building #321592807”
- Alteration, filed Jan 1, 2021, estimated cost $5K, described as “Filing Structural work in conjunction with NB #321592807”
- Alteration, filed Nov 26, 2020, estimated cost $6K, described as “Installation of 3 DDM piles to conduct a load test in conjunction with NB #321592807”
- Alteration, filed Nov 20, 2020, estimated cost $6K, described as “Plumbing work in conjunction with NB #321592807”
- Alteration, filed Nov 20, 2020, estimated cost $295K, described as “Mechanical and HVAC work in conjunction with NB #321592807”
- Alteration, filed Aug 17, 2018, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application”

## Property taxes

- Assessment: $1,976,400
- 2026–27 tax: $7,495
- Market value (city estimate): $4,392,000
- Taxable value: $60,254
- Assessed land: $239,400
- Assessed improvements: $1,737,000

## Tax breaks

- 421-a exemption, through Jun 30, 2058, about $238,349 a year below the full tax.

## Zoning

R7A: floor area ratio 4.38 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- May 8, 2020: $3,900,000, 3,552 sq ft ($1,098 per sq ft)

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Housing Lottery Launches for 571 Ocean Parkway in Kensington, Brooklyn](https://newyorkyimby.com/2022/12/housing-lottery-launches-for-571-ocean-parkway-in-kensington-brooklyn.html), New York YIMBY, Dec 1, 2022.

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