| Primary address | 488 Ocean Parkway |
| Secondary address | 482-488 Ocean Pkwy |
| Neighborhood | Kensington |
| Zip code | 11218 |
| Borough | Brooklyn |
| Block & lot | 05389-0041 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 07/16/2004 |
| Purchase price | $74,000 |
| Tax class | Register |
| Estimated property tax | $141,227 |
| Lot sq. ft. | 12,000 |
| Lot dimensions | |
| Property type | Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)
|
| Building sqft | 43,116 |
| Building dimensions | |
| Buildings on lot | 1 |
| Stories | 6 |
| Year built | 1958 |
| Frontage(s) | Ocean Parkway (narrow) |
| Nearest wide street | Ocean Parkway |
| Distance to wide street | Register |
| School district | 20 |
| Community district | 12 |
| Closest police station | 0.41 Miles |
| Closest fire station | 0.41 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.
488 Ocean Parkway, Brooklyn, NY 11218 was built in 1958 and has a total of 43,116 square feet.
What is the assessed value of 488 Ocean Parkway, Brooklyn, NY 11218 and the property tax paid?Assessed at $1,653,300, the tax amount paid for 488 Ocean Parkway, Brooklyn, NY 11218 is $175,225. For the next year, the tax amount for 488 Ocean Parkway, Brooklyn, NY 11218 is estimated at $141,227.
When was 488 Ocean Parkway, Brooklyn, NY 11218 last sold and what was the last sale price?488 Ocean Parkway, Brooklyn, NY 11218 was last sold in 07/16/2004 for $74,000.
How many residential units does this building have?This building has 49 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 488 Ocean Parkway, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 07/16/2004 | $74,000 | Register | Register |
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 488 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: | $140,847 |
| Estimated property tax: | $141,227 |
| Tax assessor's market value: | $3,674,000 |
| Assessed value: | $1,653,300 |
| Exemptions granted by city: | Register |
Here's the assessment & property tax history for 488 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 | $3,674,000 | $1,653,300 | $1,408,680 | 12.439% | $177,789 | $140,678 | +4.53% |
| 2024/25 | $3,214,000 | $1,446,300 | $1,364,960 | 12.5% | $173,576 | $134,585 | -1.91% |
| 2023/24 | $3,146,000 | $1,415,700 | $1,364,170 | 12.502% | $173,739 | $137,212 | +3.78% |
| 2022/23 | $3,060,000 | $1,377,000 | $1,326,990 | 12.267% | $166,300 | $132,209 | +11.42% |
| 2021/22 | $2,787,000 | $1,254,150 | $1,219,710 | 12.235% | $153,445 | $118,659 | -23.64% |
The complete history of permits filed for 488 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 & Ditmas Ave at SE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | F | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.247 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 18 Av/Ocean Py | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.238 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 0.32 |
| P.S. 179 Kensington | 5 | Yes | Public | PK, K-5 | 668 | 0.32 |
| Yeshiva & Mesivta Torah Temimah | NR | No | Private | PK, K-12 | 622 | 0.13 |
| Yeshiva & Mesivta Torah Temimah | NR | No | Private | PK, K-12 | 622 | 0.13 |
| Mavakshai Hashem | NR | No | Private | PK-8 | 475 | 0.14 |
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| Jhs 62 Ditmas | 7 | Yes | Public | 6-8 | 900 | 0.16 |
| Yeshiva & Mesivta Torah Temimah | NR | No | Private | PK, K-12 | 622 | 0.13 |
| Mavakshai Hashem | NR | No | Private | PK-8 | 475 | 0.14 |
| Mevakshai Hashem | NR | No | Private | PK-8 | 572 | 0.14 |
| Yeshiva Torah Vodaath | NR | No | Private | K-8 | 0 | 0.23 |
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| Yeshiva & Mesivta Torah Temimah | NR | No | Private | PK, K-12 | 622 | 0.13 |
| Torah Vodaath High School | NR | No | Private | 9-12 | 0 | 0.23 |
| Bonim Lamokom | NR | No | Private | 35 | 0.24 | |
| Yeshiva Nesivas Chaim | NR | No | Private | 9-12 | 0 | 0.25 |
| Yeshiva Gedolah of Midwood | NR | No | Private | 9-12 | 0 | 0.27 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for 488 Ocean Parkway, Brooklyn, NY 11218.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 649 E 5th St, Brooklyn | 2,532 | 06/04/2009 | $674,500 |
| 619 E 5th St, Brooklyn | 2,208 | 06/01/1992 | |
| 462 Ocean Pkwy, Brooklyn | 4,092 | 12/09/2021 | |
| 490 Ocean Pkwy, Brooklyn | 58,704 | 10/31/1985 | |
| 501 Ditmas Ave, Brooklyn | 19,400 | 08/31/1989 | |
| 468 Ocean Pkwy, Brooklyn | 7,210 | 02/08/1994 | |
| 450 Ocean Pkwy, Brooklyn | 69,600 | 05/19/2022 | $10,353,000 |
| 430 Ocean Pkwy, Brooklyn | 88,277 | 06/14/1991 | |
| 623 E 5th St, Brooklyn | 41,963 | 05/02/1996 | |
| 411 Ditmas Ave, Brooklyn | 21,320 | ||
| 645 E 5th St, Brooklyn | 2,711 | 11/05/2023 | |
| 617 E 5th St, Brooklyn | 2,188 | 10/15/2012 | |
| 637 E 5th St, Brooklyn | 2,316 | 10/30/2023 | |
| 470 Ocean Pkwy, Brooklyn | 72,600 | 03/20/1997 | |
| 464 Ocean Pkwy, Brooklyn | 4,092 | 11/10/2011 | $877,500 |
| 577 E 4th St, Brooklyn | 2,406 | 06/07/2002 | |
| 641 E 5th St, Brooklyn | 3,177 | 10/16/2023 | |
| 621 E 5th St, Brooklyn | 2,208 | 11/30/2017 | |
| 466 Ocean Pkwy, Brooklyn | 7,160 | 02/18/2014 | $1,200,000 |
| 438 Ocean Pkwy, Brooklyn | 55,932 | 03/17/1998 |
