# 2518 Ocean Avenue, Brooklyn

Apartment building · 30 units · built 2024 · Block 7324, Lot 31.

On Umarelli: https://umarelli.org/nyc/3073240031/2518-ocean-avenue

More construction in Madison: https://umarelli.org/nyc/brooklyn/madison.md

## Building permits

- New Building — Multi-Family, filed Oct 18, 2022, estimated cost $8.0M, 30 units, 9 stories, described as “Proposed new 9-story residential and community facility use building with 30 dwelling units and 8 accessory residential parking spaces.”
- Alteration, filed Aug 5, 2024, estimated cost $3K, described as “Installation of engineered enclosure as shown on drawings. No change in use egress or occupancy. We shall comply with chapter 33 of 2022 b.c”
- Alteration, filed Jul 30, 2024, estimated cost $12K, described as “Installation of sidewalk shed and supported scaffold in conjunction with new building as shown on drawings. No change in use, egress or occupancy. We shall comply with chapter 33 of 2022 b.c”
- Alteration, filed Nov 30, 2022, estimated cost $4K, described as “Repair existing shared curb cut on north side of property”
- Alteration, filed Nov 30, 2022, estimated cost $4K, described as “Repair existing shared 10 feet curb cut south side of property.”
- Alteration, filed Nov 1, 2022, estimated cost $12K, described as “Installation of temporary standpipe for in the entire building in conjunction with new building application # B08022562. No change in use, egress or occupancy.”
- Alteration, filed Jan 12, 2022, estimated cost $1K, described as “Install 8' ht construction fence aligned with property and work in-conjunction with full demo #322044104. No change of use, egress, or occupancy under this application.”
- Alteration, filed Jan 12, 2022, estimated cost $1K, described as “Install 8' ht construction fence aligned with property and work in-conjunction with full DEMO#320997999. No change of use, egress, or occupancy under this application.”

## Property taxes

- Assessment: $1,629,450
- 2026–27 tax: $196,826
- Market value (city estimate): $3,621,000
- Taxable value: $1,582,332
- Assessed land: $254,250
- Assessed improvements: $1,375,200

## Zoning

R7A: floor area ratio 5.10 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jan 10, 2024: $4,000,000, sold with other lots
- Sep 26, 2017: $979,000

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

## Flood zone

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

## In the news

[Permits Filed for 2518 Ocean Avenue in Sheepshead Bay, Brooklyn](https://newyorkyimby.com/2022/10/permits-filed-for-2518-ocean-avenue-in-sheepshead-bay-brooklyn.html), New York YIMBY, Oct 23, 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