# 1988 Ocean Parkway, Brooklyn

Two-family · built 1960 · Block 7108, Lot 174.

On Umarelli: https://umarelli.org/nyc/3071080174/1988-ocean-parkway

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

## Building permits

- Major Renovation — Residential, filed Mar 28, 2025, estimated cost $1.8M, 1 unit in all, 4 stories, described as “Big alteration including horizontal andf vertical enlargement to existing 2 family. Coverting to one family dwelling., 4 story with cellar interior renovation. New exterior and fenestration work. Change in use and occupancy, increase in…”

## Property taxes

- Assessment: $448,320
- 2026–27 tax: $20,840
- Market value (city estimate): $7,472,000
- Taxable value: $105,022
- Assessed land: $42,780
- Assessed improvements: $405,540

## Zoning

R5: floor area ratio 1.05 built, 1.50 allowed by base zoning.

## Recent sales

- Nov 30, 2018: $3,750,000

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

## Flood zone

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

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