New York City  »  11218  »  Ocean Pkwy  »  490 Ocean Pkwy

490 Ocean Parkway, Brooklyn, NY 11218 - Property report

Also known as: 490 Ocean Pkwy

Property image for 490 Ocean Parkway, Brooklyn, NY 11218
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Property type

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

Year built

1931

Lot sq. ft.

14,000

General information

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Address
Primary address
490 Ocean Parkway
Alternate address(es)
490-498 Ocean Pkwy
ZIP code
11218
Neighborhood
Kensington
Borough
Brooklyn
Block & lot
05389-0046

Owner

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Building
Property type
Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)
Building sq. ft.
58,704
Building dimensions
100 ft x 100 ft
Buildings on lot
1
Stories
7
Year built
1931
Last altered
2009
Tax
Tax year
2026-2027
Property tax
$213,583
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
51
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
Ocean Parkway (wide)
Ditmas Avenue (wide)
Distance to wide street
Lot dimensions
100 ft x 140 ft
Lot sq. ft.
14,000

Area overview

Walk score
80 /100.  Very Walkable
Transit score
95 /100.  Rider's Paradise
Bike score
82 /100.  Very Bikeable
School district
20
Community district
12
Closest police station
0.39 Miles
Closest fire station
0.41 Miles

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

Units for 490 Ocean Parkway, Brooklyn, NY

Unit Sale date Sale price
Unit 1 09/15/2005
Unit 10 09/15/2005
Unit 11 09/15/2005
Unit 12 08/06/2007
Unit 12A 08/06/2007
Unit 14 09/15/2005
Unit 15 11/28/2007
Unit 16 09/15/2005
Unit 17 09/15/2005
Unit 18 09/15/2005
Unit 19 09/15/2005
Unit 2 09/15/2005
Unit 20 09/15/2005
Unit 21 09/15/2005
Unit 22
Unit 23 08/06/2007
Unit 24 09/15/2005
Unit 25 08/06/2007
Unit 26 08/06/2007
Unit 27 08/06/2007
Unit 28 09/15/2005
Unit 29 09/15/2005
Unit 3
Unit 30 08/06/2007
Unit 31 09/15/2005
Unit 32 05/25/2004
Unit 4 09/15/2005
Unit 5 09/15/2005
Unit 6 09/15/2005
Unit 7 09/15/2005
Unit 8 09/15/2005
Unit 9 08/06/2007
Ownership

Ownership information for 490 Ocean Parkway, Brooklyn, NY

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

Sales history for 490 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
08/09/2021 - R
07/16/2021 - D		 Assignment of Leases and Rents
(2021072300694002)		 XXX XXXXXX XXXX XX XXXX X X
08/09/2021 - R
07/16/2021 - D		 Agreement
(2021072300694001)		 XXX XXXXXX XXXX XX XXXX X X
08/09/2021 - R
06/30/2021 - D		 Termination of Assign of L&R
(2021072300694003)		 XX XXXX X X XXX XXXXXX XXXX
03/06/2008 - R
10/15/2007 - D		 Zoning Lot Description
(2008030300835001)		 XXX XXXXXX XXX X
03/06/2008 - R
09/12/2007 - D		 Certificate
(2008030300835002)		 XXXXXXXXXX XXXXXXXX XXX XXXXXX XXX
09/16/2005 - R
08/23/2005 - D		 Initial UCC1
(2005082301663001)		 XXX XXXXXX XXXX XXXXXXXXXXXX XXXXXXXXX XXXX
09/07/2004 - R UCC3 Assignment
(2004060900215001)		 XXXXX XXXXXX XXX XXXXX XXXXXXX XXXXXX XXX
07/12/2004 - R UCC3 Assignment
(2004060900376001)		 XXXXX XXXXXX XXXXXX XXX XXX XXXXX XXXXXXX XXXXXX XXX
07/12/2004 - R UCC3 Assignment
(2004060900433001)		 XXXXX XXXX XXX XXXXX XXXXXXX XXXXXX XXX
07/12/2004 - R UCC3 Assignment
(2004060900796001)		 XXXXX XXXX XXX XXXXX XXXXXXX XXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 490 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
$213,583
Municipal exemptions
Recent tax assessments
Market value
$4,072,000
Assessed value
$1,832,400

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 $3,817,000 $1,717,650 $1,663,110 12.439% $206,874 $205,073 -0.52%
2024/25 $4,026,000 $1,811,700 $1,649,160 12.5% $206,145 $206,145 +3.07%
2023/24 $3,895,000 $1,752,750 $1,599,840 12.502% $200,012 $200,012 +5.48%
2022/23 $3,435,000 $1,545,750 $1,545,750 12.267% $189,617 $189,617 +4.17%
2021/22 $3,306,000 $1,487,700 $1,487,700 12.235% $182,020 $182,020 +5.01%
2020/21 $3,662,000 $1,647,900 $1,413,040 12.267% $173,338 $173,338 +9.99%
2019/20 $3,478,000 $1,565,100 $1,263,460 12.473% $157,591 $157,591 +9.77%
2018/19 $3,311,000 $1,489,950 $1,138,360 12.612% $143,570 $143,570 +10.23%
2017/18 $3,215,000 $1,446,750 $1,024,060 12.719% $130,250 $130,250 +5.26%
2016/17 $2,645,000 $1,190,250 $959,850 12.892% $123,744 $123,744 +4.90%
Permits

Permit information for 490 Ocean Parkway, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
09/03/2020 Alteration
08/20/2020 Alteration
08/19/2020 Alteration
04/09/2014 Alteration type 2
01/15/2013 Alteration type 2

*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
06/03/2026 C
06/03/2026 B
06/03/2026 C

*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 & Ditmas Ave at SE Corner
Station lines
F
Distance (miles)
0.246
View subway map

Access the detailed traffic volume map for 490 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 0.34
P.S. 179 Kensington 5 Yes Public PK, K-5 668 0.34
Yeshiva & Mesivta Torah Temimah NR No Private PK, K-12 622 0.12
Yeshiva & Mesivta Torah Temimah NR No Private PK, K-12 622 0.12
Mevakshai Hashem NR No Private PK-8 572 0.12
Mevakshai Hashem NR No Private PK-8 572 0.12
Mavakshai Hashem NR No Private PK-8 475 0.12
P.S. 134 9 No Public K-5 493 0.28
Brooklyn Dreams Charter School 6 No Charter K-8 616 0.35
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Jhs 62 Ditmas 7 Yes Public 6-8 900 0.17
Yeshiva & Mesivta Torah Temimah NR No Private PK, K-12 622 0.12
Mevakshai Hashem NR No Private PK-8 572 0.12
Mavakshai Hashem NR No Private PK-8 475 0.12
Yeshiva Torah Vodaath NR No Private K-8 0 0.24
Bonim Lamokom NR No Private 35 0.25
Brooklyn Dreams Charter School 6 No Charter K-8 616 0.35
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Yeshiva & Mesivta Torah Temimah NR No Private PK, K-12 622 0.12
Torah Vodaath High School NR No Private 9-12 0 0.24
Yeshiva Nesivas Chaim NR No Private 9-12 0 0.24
Bonim Lamokom NR No Private 35 0.25
Yeshiva Gedolah of Midwood NR No Private 9-12 0 0.26
Urban Assembly School for Leadership and Empowerment 7 No Public 6-12 495 0.46

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

Neighbors for 490 Ocean Parkway, Brooklyn, NY

649 E 5th St, Brooklyn 619 E 5th St, Brooklyn 462 Ocean Pkwy, Brooklyn 501 Ditmas Ave, Brooklyn 468 Ocean Pkwy, Brooklyn 450 Ocean Pkwy, Brooklyn 430 Ocean Pkwy, Brooklyn 623 E 5th St, Brooklyn 488 Ocean Pkwy, Brooklyn 411 Ditmas Ave, Brooklyn 645 E 5th St, Brooklyn 617 E 5th St, Brooklyn 637 E 5th St, Brooklyn 470 Ocean Pkwy, Brooklyn 464 Ocean Pkwy, Brooklyn 641 E 5th St, Brooklyn 621 E 5th St, Brooklyn 466 Ocean Pkwy, Brooklyn 438 Ocean Pkwy, Brooklyn 613 E 5th St, Brooklyn

Nearby ZIP codes for 490 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 490 Ocean Parkway, Brooklyn, NY 11218?

The development at 490 Ocean Parkway, Brooklyn, NY 11218 was built in 1931.

What is the total square footage of 490 Ocean Parkway, Brooklyn, NY 11218?

490 Ocean Parkway, Brooklyn, NY 11218 has a total of 58,704 square feet.

What is the assessed value of 490 Ocean Parkway, Brooklyn, NY 11218?

490 Ocean Parkway, Brooklyn, NY 11218 is currently assessed at $1,832,400.

What are the property taxes for 490 Ocean Parkway, Brooklyn, NY 11218?

The property taxes for 490 Ocean Parkway, Brooklyn, NY 11218 total $215,449.

How many residential units does this building have?

This building has 51 residential unit(s).

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