107 Ocean Way, Brooklyn
Vacant land · Block 7071, Lot 123.
Building permits
- New Building — Tower, filed Jul 21, 2026, 527 units, 28 stories, described as “New Building”
- Alteration, filed Dec 3, 2024, estimated cost $295K, described as “Installation of permanent fence on vacant lot.”
- Alteration, filed Jun 6, 2023, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jun 6, 2023, described as “Installation of temporary construction fence per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jun 6, 2023, described as “Installation of temporary heavy duty sidewalk shed per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Demolition, filed May 8, 2023, estimated cost $400K, described as “Full demolition of three story structure, using hand held and mechanical means to assist.”
Property taxes
- Assessment
- $118,800
- 2026–27 tax
- $12,881
- Market value (city estimate)
- $264,000
- Taxable value
- $118,737
- Assessed land
- $118,800
Zoning
R7D: floor area ratio 0.00 built, 4.66 allowed by base zoning.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).
Recent sales
- May 25, 2017: $13,175,224
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Coney Island Business Improvement District (City Planning 2026K0149): Business improvement district, Completed, filed Aug 25, 2025. An application by NYC Small Business Services (SBS) for the proposed establishment of Coney Island Business Improvement District along Surf Avenue generally bound by West 5th Street to West 23rd Street, Mermaid Avenue generally bound by…
- Seaside Park & Community Arts Ctr Special Permit (City Planning 2023K0261): Special permit, Zoning text change, City property acquisition, Completed, filed Aug 1, 2025, decided Apr 20, 2026. The co-applicants, Seaside Park LLC, NYC EDC, and the Department of Citywide Administrative Services (DCAS), are requesting a zoning special permit, zoning text amendment, disposition of city-owned property, and acquisition to facilitate…
- CONEY ISLAND (City Planning P2010K0251): Completed. GRADE CHANGES FOR W21ST ST, OCEAN WAY, W22ND ST PARACHUTE A*WASY, SURF AVE & BOARDWALK
- HRA INCOME SUPPORT CNTR & DAS OFF (City Planning P1997K0182): Completed, decided Jan 10, 1997. LEASE APPROX 55,000SF OF SPACE FOR A NEW INCOME SUPPORT*CENTER & DIV OF AIDS SERVICES OFFICE
- HRA SUPPORT CENTER & DAS OFFICE (City Planning P1997K0069): Completed, decided Sep 20, 1996. ACQUISITION OF SPACE TO RELOCATE HRA'S CONEY ISLAND SUPPORT*CENTER & THE DIVISION OF AIDS SERVICES