| Building name | The Park Tower |
| Primary address | The Park Tower - 370 Ocean Parkway |
| Secondary address | 513-517 E 5th St |
| Neighborhood | Kensington |
| Zip code | 11218 |
| Borough | Brooklyn |
| Block & lot | 05374-0021 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Tax class | Register |
| Estimated property tax | $387,142 |
| Lot sq. ft. | 33,000 |
| Lot dimensions | |
| Property type | Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)
|
| Building sqft | 111,861 |
| Building dimensions | |
| Buildings on lot | 1 |
| Stories | 12 |
| Year built | 1961 |
| Frontage(s) | Ocean Parkway (narrow) East 5 Street (narrow) |
| Nearest wide street | Ocean Parkway |
| Distance to wide street | Register |
| School district | 20 |
| Community district | 12 |
| Closest police station | 0.63 Miles |
| Closest fire station | 0.37 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:
You will find all alternate addresses for the property in this section.
The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 was built in 1961 and has a total of 111,861 square feet.
What is the assessed value of The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 and the property tax paid?Assessed at $4,318,200, the tax amount paid for The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 is $468,494. For the next year, the tax amount for The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 is estimated at $387,142.
When was The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 last sold?The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218 was last sold in 04/29/2004.
How many residential units does this building have?This building has 133 residential unit(s).
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
Create a free account to view the complete sales history for 370 Ocean Parkway, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for The Park Tower - The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $348,443 |
| Estimated property tax: | $387,142 |
| Tax assessor's market value: | $9,596,000 |
| Assessed value: | $4,318,200 |
| Exemptions granted by city: | Register |
Here's the assessment & property tax history for 370 Ocean Parkway, Brooklyn, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year 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% |
The complete history of permits filed for 370 Ocean Parkway, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Kensington so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Kensington and compare it to other neighborhoods in Brooklyn.
Check out recently sold homes in Brooklyn and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | McDonald Ave & Cortelyou Rd at SE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | F | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.288 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | MC Donald Av/Av C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B67 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.255 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| 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 |
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| 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 |
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| 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 © 2025. All rights reserved.
Here are the neighbors for The Park Tower - The Park Tower - 370 Ocean Parkway, Brooklyn, NY 11218.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 511 Cortelyou Rd, Brooklyn | 2,480 | 11/05/2023 | |
| 507 Cortelyou Rd, Brooklyn | 2,480 | 06/07/2018 | |
| 350 Ocean Pkwy, Brooklyn | 73,026 | 12/28/1984 | |
| 402 Ocean Pkwy, Brooklyn | 57,900 | 09/22/1995 | |
| 506 Avenue C, Brooklyn | 2,078 | 10/19/2022 | $2,195,000 |
| 390 Ocean Pkwy, Brooklyn | 42,000 | 09/30/1997 | |
| 410 Ocean Pkwy, Brooklyn | 43,056 | 08/06/1999 | |
| 509 Cortelyou Rd, Brooklyn | 2,480 | 10/15/2020 | |
| 386 Ocean Pkwy, Brooklyn | 31,104 | 08/22/1985 | |
| 555 E 5th St, Brooklyn | 16,000 | 11/24/1986 | |
| 493 E 4th St, Brooklyn | 2,311 | 11/27/2001 | |
| 489 E 4th St, Brooklyn | 3,043 | 02/09/1994 | |
| 501 Cortelyou Rd, Brooklyn | 2,800 | 05/06/2008 | |
| 360 Ocean Pkwy, Brooklyn | 40,200 | 10/07/1986 | |
| 502 Avenue C, Brooklyn | 2,078 | 10/25/2023 | $2,100,000 |
| 491 E 4th St, Brooklyn | 3,278 | 05/12/2006 | |
| 503 Cortelyou Rd, Brooklyn | 2,480 | 05/06/2008 | |
| 514 Avenue C, Brooklyn | 2,078 | 06/22/2021 | $1,920,000 |
| 510 Avenue C, Brooklyn | 2,078 | 11/07/2025 | |
| 495 E 4th St, Brooklyn | 2,321 | 03/15/2004 | $560,000 |
