# 524 Ocean View Avenue, Brooklyn

Apartment building · 27 units · built 2019 · Block 8675, Lot 76.

On Umarelli: https://umarelli.org/nyc/3086750076/524-ocean-view-avenue

More construction in Brighton Beach: https://umarelli.org/nyc/brooklyn/brighton-beach.md

## Building permits

- Alteration, filed Mar 8, 2019, described as “Installation of pipe scaffold as per plans. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $2,317,950
- 2026–27 tax: $8,650
- Market value (city estimate): $5,151,000
- Taxable value: $69,540
- Assessed land: $360,000
- Assessed improvements: $1,957,950

## Tax breaks

- 421-a exemption, through Jun 30, 2057, about $279,680 a year below the full tax.

## Zoning

R6: floor area ratio 2.70 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Feb 25, 2016: $706,250, sold with other lots

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

## Flood zone

Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year. FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NAVD88).

## In the news

[Housing Lottery Launches for 524 Ocean View Avenue in Brighton Beach, Brooklyn](https://newyorkyimby.com/2022/01/housing-lottery-launches-for-524-ocean-view-avenue-in-brighton-beach-brooklyn.html), New York YIMBY, Jan 15, 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