New York City  »  11218  »  Ocean Pkwy  »  370 Ocean Pkwy

The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 - Property report

Also known as: 513-517 E 5th St

Property image for The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218
static Mapbox map

Property type

Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)

Year built

1961

Lot sq. ft.

33,000

General information

Unlock this property report with a free account

Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Building name
The Park Tower
Primary address
The Park Tower - 370 Ocean Parkway
Alternate address(es)
370-372 Ocean Pkwy
513-517 E 5th St
ZIP code
11218
Neighborhood
Kensington
Borough
Brooklyn
Block & lot
05374-0021

Owner

Find out who owns The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218. Uncover corporate and individual owners with a free account.

Building
Property type
Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)
Building sq. ft.
111,861
Building dimensions
175 ft x 53.33 ft
Buildings on lot
1
Stories
12
Year built
1961
Tax
Tax year
2026-2027
Property tax
$372,472
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Zoning & Use
Zoning
Residential units
133
Residential sq. ft.
Lot
Frontage(s)
Ocean Parkway (wide)
East 5 Street (narrow)
Lot dimensions
180 ft x 150 ft
Lot sq. ft.
33,000

Area overview

Walk score
80 /100.  Very Walkable
Transit score
98 /100.  Rider's Paradise
Bike score
89 /100.  Very Bikeable
School district
20
Community district
12
Closest police station
0.63 Miles
Closest fire station
0.37 Miles

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

Units for The Park Tower - 370 Ocean Parkway, Brooklyn, NY

Unit Sale date Sale price Sq. ft. Price/Sq. ft.
Unit 10A 08/09/2018
Unit 10C
Unit 10E 11/04/2005 721
Unit 10G 06/26/2019 1,059
Unit 10H 06/22/2015 1,410
Unit 10J 11/10/2010
Unit 10K 12/19/2024
Unit 10L 02/05/2015
Unit 11A 04/28/2025
Unit 11B
Unit 11C 03/13/2015 1,100
Unit 11D 07/20/2022
Unit 11F 03/28/2024
Unit 11G 05/29/2012 1,000
Unit 11H 02/01/2011
Unit 11J 03/15/2018
Unit 11K 03/06/2020 960
Unit 11L 03/12/2015
Unit 12A 08/18/2008 1,000
Unit 12B 06/26/2013 1,650
Unit 12C 800
Unit 12D
Unit 12F 02/16/2016
Unit 12G 01/14/2025
Unit 12J 01/29/2020
Unit 12K
Unit 12L 08/03/2023
Unit 1A 10/07/2022
Unit 1B 11/30/2016 1,203
Unit 1C
Unit 1F 08/16/2006
Unit 1G 10/28/2004
Unit 1H
Unit 1J
Unit 2A 10/24/2018
Unit 2B
Unit 2C
Unit 2D 10/17/2006
Unit 2F 03/20/2024 700
Unit 2G 10/25/2021 1,059
Unit 2H
Unit 2J 11/12/2024 1,200
Unit 2K 09/14/2018
Unit 2L 12/09/2025
Unit 3
Unit 390
Unit 3A 09/25/2013 1,250
Unit 3B 01/10/2022
Unit 3D 05/21/2025 700
Unit 3F 12/04/2017
Unit 3H
Unit 3J
Unit 3K 10/24/2018 930
Unit 3L 09/13/2013
Unit 4A 06/29/2023
Unit 4B 07/11/2022
Unit 4C 01/16/2024 1,100
Unit 4E 08/05/2016 721
Unit 4F 05/24/2021 550
Unit 4G
Unit 4H 09/29/2022
Unit 4J
Unit 4K 05/03/2019
Unit 5A
Unit 5B
Unit 5C 01/12/2007 1,000
Unit 5D
Unit 5E 02/25/2015 721
Unit 5F 12/29/2004 675
Unit 5G 04/27/2023
Unit 5H
Unit 5J 05/29/2026
Unit 5L
Unit 6A 11/15/2017 1,189
Unit 6B 11/09/2009 1,317
Unit 6C 02/28/2018
Unit 6D 09/23/2005 550
Unit 6F
Unit 6G 07/20/2022
Unit 6H 01/08/2024
Unit 6K 08/20/2019
Unit 6L 03/23/2016
Unit 7A 08/17/2006
Unit 7B 06/08/2015
Unit 7C 09/05/2019
Unit 7D 08/17/2020 740
Unit 7E
Unit 7F
Unit 7J 10/22/2021 1,300
Unit 7K
Unit 7L 04/26/2021 850
Unit 8A
Unit 8B 09/08/2023
Unit 8C
Unit 8D
Unit 8E 05/19/2022
Unit 8F
Unit 8G 09/01/2021
Unit 8J 12/09/2015
Unit 8K 05/31/2018
Unit 8L 04/17/2017 930
Unit 9A
Unit 9B 09/04/2025
Unit 9C 03/22/2021
Unit 9D 08/30/2022
Unit 9E
Unit 9F 07/13/2016 720
Unit 9G 01/10/2017 1,100
Unit 9H 09/20/2022 1,410
Unit 9J 06/22/2007
Unit 9K 1,700
Unit 9K,L 01/08/2013 1,700
Unit ALL
Unit E3
Ownership

Ownership information for The Park Tower - 370 Ocean Parkway, 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 The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
06/23/2025 - R
05/29/2025 - D		 Asgn of Asgn of L&R
(2025061800203002)		 XXXXXXXX XXXXXXXXXXX XXXX X X XXXXXX XXX
06/23/2025 - R
05/29/2025 - D		 Assignment, Mortgage
(2025061800203001)		 XXXXXXXX XXXXXXXXXXX XXXX X X XXXXXX XXX
05/16/2025 - R
04/30/2025 - D		 Subordination of Mortgage
(2025050600293013)		 XXXXXXXX XXXXXXXXXXX XXXX X X XXXXXXXX XXXXXXXXXXX XXXX X X
05/16/2025 - R
04/30/2025 - D		 Asgn of Asgn of L&R
(2025050600293012)		 XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXX X X
05/16/2025 - R
04/30/2025 - D		 Assignment, Mortgage
(2025050600293011)		 XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXX X X
05/16/2025 - R
04/30/2025 - D		 Assignment of Leases and Rents
(2025050600293010)		 XXXX XXXXXX XXXXXX XXX XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX
05/16/2025 - R
04/30/2025 - D		 Mortgage
(2025050600293009)		 XXXX XXXXXX XXXXXX XXX XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX
05/16/2025 - R
04/30/2025 - D		 Asgn of Asgn of L&R
(2025050600293008)		 XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXX X X
05/16/2025 - R
04/30/2025 - D		 Assignment, Mortgage
(2025050600293007)		 XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXX X X
05/16/2025 - R
04/30/2025 - D		 Assignment of Leases and Rents
(2025050600293006)		 XXXX XXXXXX XXXXXX XXX XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for The Park Tower - 370 Ocean Parkway, 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
$372,472
Municipal exemptions
Recent tax assessments
Market value
$10,693,000
Assessed value
$4,811,850

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 $9,596,000 $4,318,200 $3,766,336 12.439% $488,297 $349,364 +2.81%
2024/25 $9,391,000 $4,225,950 $3,637,901 12.5% $476,291 $339,820 +4.69%
2023/24 $9,061,000 $4,077,450 $3,490,978 12.502% $459,580 $324,593 +3.52%
2022/23 $8,061,000 $3,627,450 $3,357,418 12.267% $433,939 $313,565 +7.23%
2021/22 $7,508,000 $3,378,600 $3,193,457 12.235% $413,372 $292,430 -24.69%
2020/21 $8,316,000 $3,742,200 $3,165,569 12.267% $410,677 $388,320 +8.09%
2019/20 $7,899,000 $3,554,550 $2,880,347 12.473% $384,256 $359,266 +9.12%
2018/19 $7,521,000 $3,384,450 $2,610,404 12.612% $357,652 $329,224 +7.97%
2017/18 $7,022,000 $3,159,900 $2,397,476 12.719% $331,954 $304,935 +8.23%
2016/17 $6,440,000 $2,898,000 $2,185,539 12.892% $310,584 $281,760 +3.79%
Permits

Permit information for The Park Tower - 370 Ocean Parkway, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
08/20/2026 Alteration
06/17/2026 Alteration
04/18/2025 Alteration
02/03/2025 Alteration
02/03/2025 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID Inspection date Class NOV issue date Status
03/01/2022 A
10/31/2019 I
10/13/2015 I

*Most recent HPD violations on record for this property.

Neighborhood

Kensington, Ocean Parkway residential market stats

Access a detailed real estate market overview of Kensington, Ocean Parkway so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Kensington, Ocean Parkway and compare it to other neighborhoods in Brooklyn.

Median sale price

—

Median price/sq. ft.

—

Brooklyn median sale price

$899,000

6% 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
McDonald Ave & Cortelyou Rd at SE Corner
Station lines
F
Distance (miles)
0.288
View subway map

Access the detailed traffic volume map for The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 179 Kensington 5 Yes Public PK, K-5 668 0.16
P.S. 179 Kensington 5 Yes Public PK, K-5 668 0.16
Yeshiva Torah Vodaath NR No Private K-8 0 0.26
Bnos Yerushalayim School NR No Private PK-12 1,156 0.27
Bnos Yerushalayim School NR No Private PK-12 1,156 0.27
Mesivta Torah Vodaath NR No Private PK, K-8 432 0.28
Mesivta Torah Vodaath NR No Private PK, K-8 432 0.28
P.S. 889 4 No Public PK, K-5 386 0.36
P.S. 889 4 No Public PK, K-5 386 0.36
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Jhs 62 Ditmas 7 Yes Public 6-8 900 0.19
Yeshiva Torah Vodaath NR No Private K-8 0 0.26
Bnos Yerushalayim School NR No Private PK-12 1,156 0.27
Mesivta Torah Vodaath NR No Private PK, K-8 432 0.28
Bonim Lamokom NR No Private 35 0.28
Yeshivat Shaare Torah Girls Elementary School NR No Private PK-8 435 0.31
Middle 890 7 No Public 6-8 301 0.36
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Torah Vodaath High School NR No Private 9-12 0 0.26
Bnos Yerushalayim School NR No Private PK-12 1,156 0.27
Talmudical Yeshiva of Philadel NR No Private 9-12 0 0.28
Bonim Lamokom NR No Private 35 0.28
Yeshivat Shaare Torah Girls' D NR No Private PK, K-12 0 0.32

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for The Park Tower - 370 Ocean Parkway, Brooklyn, NY

511 Cortelyou Rd, Brooklyn 507 Cortelyou Rd, Brooklyn 350 Ocean Pkwy, Brooklyn 402 Ocean Pkwy, Brooklyn 506 Avenue C, Brooklyn 390 Ocean Pkwy, Brooklyn 410 Ocean Pkwy, Brooklyn 509 Cortelyou Rd, Brooklyn 386 Ocean Pkwy, Brooklyn 555 E 5th St, Brooklyn 493 E 4th St, Brooklyn 489 E 4th St, Brooklyn 501 Cortelyou Rd, Brooklyn 360 Ocean Pkwy, Brooklyn 502 Avenue C, Brooklyn 491 E 4th St, Brooklyn 503 Cortelyou Rd, Brooklyn 514 Avenue C, Brooklyn 510 Avenue C, Brooklyn 495 E 4th St, Brooklyn

Nearby ZIP codes for The Park Tower - 370 Ocean Parkway, Brooklyn, NY

11201, New York City, NY 11203, New York City, NY 11204, New York City, NY 11205, New York City, NY 11210, New York City, NY 11213, New York City, NY 11214, New York City, NY 11215, New York City, NY 11216, New York City, NY 11217, New York City, NY 11219, New York City, NY 11220, New York City, NY 11223, New York City, NY 11225, New York City, NY 11226, New York City, NY 11228, New York City, NY 11230, New York City, NY 11231, New York City, NY 11232, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218?

The development at The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 was built in 1961.

What is the total square footage of The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218?

The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 has a total of 111,861 square feet.

What is the assessed value of The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218?

The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 is currently assessed at $4,811,850.

What are the property taxes for The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218?

The property taxes for The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 total $495,294.

How many residential units does this building have?

This building has 133 residential unit(s).

Disclaimer

Copyright 2003-2026 by PropertyShark.com

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

Sign up for a free account