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514 Ocean Parkway, Brooklyn, NY 11218 Property Information

514 Ocean Parkway, Brooklyn, NY 11218 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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514 Ocean Parkway, Brooklyn, NY 11218 1
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Address

Primary address 514 Ocean Parkway
Neighborhood Kensington
Zip code 11218
Borough Brooklyn
Block & lot 05399-0015

Sales & Tax Overview for 514 Ocean Parkway, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Tax class
Estimated property tax $229,354

Lot & Building Information for 514 Ocean Parkway, Brooklyn

Lot sqft 18,000
Lot dimensions 120 ft x 150 ft
Building class Elevator Apartment - Semi-Fireproof with Stores (D7)
Building sqft 64,800
Building dimensions 120 ft x 98.83 ft
Buildings on lot 1
Stories 6
Year built 1962
Construction type
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Zoning & Use for 514 Ocean Parkway, Brooklyn

Zoning
Residential units (DOF) 74
Regulated units
Commercial units 1
Residential sqft
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 20
Community district 12
Closest police station 0.33 Miles
Closest fire station 0.44 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 514 Ocean Parkway, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 514 Ocean Parkway, Brooklyn, NY 11218, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 514 Ocean Parkway, Brooklyn, NY 11218, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 514 Ocean Parkway, Brooklyn

How many square feet does 514 Ocean Parkway, Brooklyn, NY 11218 have?

This Elevator Apartment - Semi-Fireproof with Stores (D7) located at 514 Ocean Parkway, Brooklyn, NY 11218 has a total of 64,800 square feet.

What is the year built & the current market value of 514 Ocean Parkway, Brooklyn, NY 11218?

514 Ocean Parkway, Brooklyn, NY 11218 was built in 1962 and has a current tax assessor's market value of $4,164,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 514 Ocean Parkway, Brooklyn

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Property owner name for 514 Ocean Parkway, Brooklyn, NY 11218
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Building contacts for 514 Ocean Parkway, Brooklyn, NY 11218
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
In this guide, we’ll walk you step by step through how to build property owner lists inside the PropertyShark platform, how to customize them for your goals and how to avoid common mistakes.
Laura Pop-Badiu, Sep 10, 2025 How to Find Comps for Commercial Real Estate: A Step-by-Step GuideĀ 
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Past Sales & Property History for 514 Ocean Parkway, Brooklyn

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No recorded sales for this property.

Title Documents for 514 Ocean Parkway, Brooklyn

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.

Date Type Amount Party 1 Party 2 Doc image
11/07/2022 - R UCC3 Continuation
(2022110700024001)
05/03/2018 - R Initial UCC1
(2018050201261001)
11/14/2017 - R UCC3 Continuation
(2017111301428001)
12/07/2012 - R UCC3 Termination
(2012120400878007)
12/07/2012 - R Initial UCC1
(2012120400878006)
11/30/2012 - D
12/07/2012 - R
Termination of Assign of L&R
(2012120400878008)
11/30/2012 - D
12/07/2012 - R
Assignment, Mortgage
(2012120400878005)
11/30/2012 - D
12/07/2012 - R
Agreement
(2012120400878004)
11/30/2012 - D
12/07/2012 - R
Mortgage
(2012120400878003)
11/30/2012 - D
12/07/2012 - R
Assignment, Mortgage
(2012120400878002)
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R: Recorded date
D: Document date

Property Taxes for 514 Ocean Parkway, Brooklyn

Access detailed property tax data for 514 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: $220,331
Estimated property tax: $229,354
Tax assessor's market value: $4,164,000
Assessed value: $1,873,800

Assessment History for 514 Ocean Parkway, Brooklyn

Here's the assessment & property tax history for 514 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 $4,164,000 $1,873,800 $1,771,290 12.439% $220,331 $220,331 -4.95%
2024/25 $4,162,000 $1,872,900 $1,854,360 12.5% $231,795 $231,795 +5.73%
2023/24 $3,897,000 $1,753,650 $1,753,650 12.502% $219,241 $219,241 +1.63%
2022/23 $3,908,000 $1,758,600 $1,758,600 12.267% $215,727 $215,727 +10.37%
2021/22 $3,550,000 $1,597,500 $1,597,500 12.235% $195,454 $195,454 -14.16%

Permits for 514 Ocean Parkway, Brooklyn

The complete history of permits filed for 514 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.

Filing date Job type Job status Job description Initial cost
07/11/2024 Alteration
03/07/2024 Alteration
03/04/2024 Alteration
02/02/2020 Alteration
09/28/2004 Alteration type 2
02/25/2000 Alteration type 2
10/27/1993 Alteration type 2
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station McDonald Ave & Ditmas Ave at SE Corner
Station lines F
Distance (miles) 0.245
View subway map
Bus Routes
Name 18 Av/Ocean Py
Line B8
Distance (miles) 0.168

Neighbors for 514 Ocean Parkway, Brooklyn

Here are the neighbors for 514 Ocean Parkway, Brooklyn, NY 11218.

Address Square feet Purchase date Purchase price
572 Ocean Pkwy, Brooklyn 34,000 11/13/1992
685 E 4th St, Brooklyn 3,411 06/08/2000
570 Ocean Pkwy, Brooklyn 39,600 06/27/1985
677 E 4th St, Brooklyn 2,496 09/14/1992
681 E 4th St, Brooklyn 1,414 08/21/2019 $995,000
540 Ocean Pkwy, Brooklyn 130,496 04/28/2004
550 Ocean Pkwy, Brooklyn 25,065 09/24/2015
507 Avenue F, Brooklyn 3,282 03/26/2025 $2,325,000
669 E 5th St, Brooklyn 35,200 06/02/1995
691 E 4th St, Brooklyn 2,240 10/20/2020 $999,900
703 E 4th St, Brooklyn 3,188 09/15/2004 $690,000
511 Avenue F, Brooklyn 3,164 03/24/1988
510 Ocean Pkwy, Brooklyn 30,850 05/10/1985
743 E 5th St, Brooklyn 2,768 07/03/2023 $1,700,000
739 E 5th St, Brooklyn 2,558 05/22/2007 $800,000
687 E 4th St, Brooklyn 3,972 08/20/2001
695 E 4th St, Brooklyn 3,948 10/30/2023 $2,475,000
699 E 4th St, Brooklyn 2,232 12/17/2024 $1,850,000
733 E 5th St, Brooklyn 2,558 07/23/1991
501 Avenue F, Brooklyn 2,708 12/24/2025
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