Kings  »  11226  »  Ocean Ave  »  505 Ocean Ave

505 Ocean Avenue, Brooklyn, NY 11226 - Property report

Also known as: 505 Ocean Ave

Property image for 505 Ocean Avenue, Brooklyn, NY 11226
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Property type

Elevator Apartment - Semi-fireproof without Stores (D1)

Year built

1931

Lot sq. ft.

9,045

Sale price

$2,725,000

General information

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Address
Primary address
505 Ocean Avenue
ZIP code
11226
Neighborhood
Flatbush
Borough
Brooklyn
Block & lot
05081-0048

Owner

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Building
Property type
Elevator Apartment - Semi-fireproof without Stores (D1)
Building sq. ft.
36,129
Building dimensions
67 ft x 108 ft
Buildings on lot
1
Stories
6
Year built
1931
Building material
Sales
Sale date
02/18/2004
Sale price
$2,725,000
Tax
Tax year
2026-2027
Property tax
$182,883
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
52
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
67 ft x 135 ft
Lot sq. ft.
9,045

Area overview

Walk score
98 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
87 /100.  Very Bikeable
School district
17
Community district
14
Closest police station
1.14 Miles
Closest fire station
0.75 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 505 Ocean Avenue, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 505 Ocean Avenue, Brooklyn, NY 11226

Sale date Sale price Buyer name Seller name
02/18/2004 $2,725,000 XXXXX XXX XXX XXXXX XXX XXXXXXXXXX, XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/21/2024 - R
10/07/2024 - D		 Memorandum of Lease
(2024100900843001)		 XXXXXXX XXXXXXXXXX XX XXX XXXX XXXXXXXX XXX
08/06/2020 - R Initial UCC1
(2020080600688004)		 XXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
08/06/2020 - R
08/05/2020 - D		 Assignment of Leases and Rents
(2020080600688003)		 XXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
08/06/2020 - R
08/05/2020 - D		 Agreement
(2020080600688002)		 XXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
08/06/2020 - R
08/05/2020 - D		 Mortgage
(2020080600688001)		 XXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
06/29/2015 - R Initial UCC1
(2015062400498003)		 XXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
06/29/2015 - R
06/17/2015 - D		 Agreement
(2015062400498002)		 XXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
06/29/2015 - R
06/17/2015 - D		 Mortgage
(2015062400498001)		 XXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
05/29/2013 - R Initial UCC1
(2013051600393004)		 XXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
05/29/2013 - R
05/08/2013 - D		 Assignment of Leases and Rents
(2013051600393003)		 XXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 505 Ocean Avenue, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$182,883
Municipal exemptions
Recent tax assessments
Market value
$3,783,000
Assessed value
$1,702,350

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $3,615,000 $1,626,750 $1,344,780 12.439% $167,277 $167,277 +6.00%
2024/25 $3,195,000 $1,437,750 $1,262,430 12.5% $157,804 $157,804 +6.66%
2023/24 $2,905,000 $1,307,250 $1,183,410 12.502% $147,950 $147,950 +7.49%
2022/23 $2,838,000 $1,277,100 $1,122,030 12.267% $137,639 $137,639 +6.30%
2021/22 $2,389,000 $1,075,050 $1,058,310 12.235% $129,484 $129,484 +2.37%
2020/21 $2,700,000 $1,215,000 $1,031,130 12.267% $126,489 $126,489 +5.57%
2019/20 $2,317,000 $1,042,650 $960,570 12.473% $119,812 $119,812 +3.35%
2018/19 $2,223,000 $1,000,350 $919,170 12.612% $115,926 $115,926 +5.77%
2017/18 $2,130,000 $958,500 $861,750 12.719% $109,606 $109,606 +6.39%
2016/17 $2,087,000 $939,150 $799,110 12.892% $103,021 $103,021 +3.34%
Permits

Permit information for 505 Ocean Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
06/13/2022 Alteration
11/04/2021 Alteration
08/16/2010 Alteration type 2
04/23/2007 Alteration type 2
07/25/2002 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/20/2023 Lblvio-low pressure boiler boiler required
09/07/2019 E-elevator elevatorrequired
07/17/2018 E-elevator elevatorrequired

*Most recent DOB violations on record for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
St. Pauls Pl & Caton Ave at SE Corner
Station lines
B-Q
Distance (miles)
0.128
View subway map

Access the detailed traffic volume map for 505 Ocean Avenue, Brooklyn, NY 11226 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 505 Ocean Avenue, Brooklyn, NY

455 Ocean Ave, Brooklyn 2104 Caton Ave, Brooklyn 2118 Caton Ave, Brooklyn 2114 Caton Ave, Brooklyn 100 E 21st St, Brooklyn 816 Flatbush Ave, Brooklyn 515 Ocean Ave, Brooklyn 1913 Church Ave, Brooklyn 499 Ocean Ave, Brooklyn 828 Flatbush Ave, Brooklyn 2017 Church Ave, Brooklyn 150 E 21st St, Brooklyn 122 E 21st St, Brooklyn 152 E 21st St, Brooklyn 1911 Church Ave, Brooklyn 465 Ocean Ave, Brooklyn 820 Flatbush Ave, Brooklyn 154 E 21st St, Brooklyn 475 Ocean Ave, Brooklyn

Nearby ZIP codes for 505 Ocean Avenue, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11205, New York City, NY 11210, New York City, NY 11212, New York City, NY 11213, New York City, NY 11215, New York City, NY 11216, New York City, NY 11217, New York City, NY 11218, New York City, NY 11219, New York City, NY 11221, New York City, NY 11223, New York City, NY 11225, New York City, NY 11229, New York City, NY 11230, New York City, NY 11231, New York City, NY 11232, New York City, NY 11233, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 505 Ocean Avenue, Brooklyn, NY 11226?

The development at 505 Ocean Avenue, Brooklyn, NY 11226 was built in 1931.

What is the total square footage of 505 Ocean Avenue, Brooklyn, NY 11226?

505 Ocean Avenue, Brooklyn, NY 11226 has a total of 36,129 square feet.

When was 505 Ocean Avenue, Brooklyn, NY 11226 last sold and what was the sale price?

505 Ocean Avenue, Brooklyn, NY 11226 was last sold on 02/18/2004 for $2,725,000.

What is the assessed value of 505 Ocean Avenue, Brooklyn, NY 11226?

505 Ocean Avenue, Brooklyn, NY 11226 is currently assessed at $1,702,350.

What are the property taxes for 505 Ocean Avenue, Brooklyn, NY 11226?

The property taxes for 505 Ocean Avenue, Brooklyn, NY 11226 total $182,883.

How many residential units does this building have?

This building has 52 residential unit(s).

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