New York City  »  11218  »  Ocean Pkwy  »  507 Ocean Pkwy

507 Ocean Parkway, Brooklyn, NY 11218 - Property report

Also known as: 602 Ditmas Ave

Property image for 507 Ocean Parkway, Brooklyn, NY 11218
static Mapbox map

Property type

Parochial School, Yeshiva (W2)

Year built

1930

Lot sq. ft.

14,000

Sale price

$20,000,000

General information

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

Address
Primary address
507 Ocean Parkway
Alternate address(es)
507-511 Ocean Pkwy
602 Ditmas Ave
ZIP code
11218
Neighborhood
Kensington
Borough
Brooklyn
Block & lot
05400-0001

Owner

Find out who owns 507 Ocean Parkway, Brooklyn, NY 11218. Uncover corporate and individual owners with a free account.

Building
Property type
Parochial School, Yeshiva (W2)
Building sq. ft.
34,800
Building dimensions
100 ft x 100 ft
Buildings on lot
1
Stories
5
Year built
1930
Sales
Sale date
10/26/2023
Sale price
$20,000,000
Tax
Tax year
2026-2027
Tax class
Zoning & Use
Zoning
Residential units
39
Residential sq. ft.
Lot
Lot dimensions
100 ft x 140 ft
Lot sq. ft.
14,000
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Current built area
34,860 sq. ft.
Buildable area

Area overview

Walk score
86 /100.  Very Walkable
Transit score
97 /100.  Rider's Paradise
Bike score
85 /100.  Very Bikeable
School district
22
Community district
12
Closest police station
0.37 Miles
Closest fire station
0.37 Miles

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

Ownership

Ownership information for 507 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 507 Ocean Parkway, Brooklyn, NY 11218

Sale date Sale price Buyer name Seller name
10/26/2023 $20,000,000 XXXXXX XXXXXX XX, XXX. XXXXXXXXXX XXXXXX XXXXXX XXX.
03/12/2020 $3,152,995 XXXXXXXXXX XXXXXX XXXXXX, XXX. XXXXXXX XXX XXXXXXX XXXXX XXXXXXX, XXX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
11/02/2023 - R UCC3 Termination
(2023103100422007)		 XXXXXXXXXX XXXXXX XXXXXX XXX XXXXXXXX XXXX X X
11/02/2023 - R
10/26/2023 - D		 Termination of Assign of L&R
(2023103100422006)		 XXXXXXXX XXXX X X XXXXXXX XXX XXXXXXX XXXXX XXXXXX XXX
11/02/2023 - R
10/26/2023 - D		 Assignment of Leases and Rents
(2023103100422005)		 XXXXXX XXXXXX XX XXX XXXXXXXXXX X X
11/02/2023 - R
10/26/2023 - D		 Agreement
(2023103100422004)		 XXXXXX XXXXXX XX XXX XXXXXXXXXX X X
11/02/2023 - R
10/26/2023 - D		 Mortgage
(2023103100422003)		 XXXXXX XXXXXX XX XXX XXXXXXXXXX X X
11/02/2023 - R
10/26/2023 - D		 Assignment, Mortgage
(2023103100422002)		 XXXXXXXX XXXX X X XXXXXXXXX XX XXXXXXXX XX XXXX XXXXXXXXXX X X
11/02/2023 - R
10/26/2023 - D		 Deed
(2023103100422001)		 XXXXXXXXXX XXXXXX XXXXXX XXX XXXXXX XXXXXX XX XXX
10/12/2023 - R Initial UCC1
(2023101200202001)		 XXXXXX XXXXXX XX XXX XXXXXXXXXX X X
05/18/2021 - R
04/29/2021 - D		 Agreement
(2021051000896002)		 XXXXXXXXXX XXXXXX XXXXXX XXX XXXXXXXXX XXXX
05/18/2021 - R
04/29/2021 - D		 Mortgage
(2021051000896001)		 XXXXXXXXXX XXXXXX XXXXXX XXX XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 507 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
Municipal exemptions
Recent tax assessments
Market value
$12,945,000
Assessed value
$5,825,250

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 $12,633,000 $5,684,850 $0 10.848% $588,506 $0 n/a
2024/25 $12,448,000 $5,601,600 $0 10.762% $574,135 $0 n/a
2023/24 $12,197,000 $5,488,650 $0 10.592% $554,010 $0 n/a
2022/23 $11,500,000 $5,175,000 $0 10.646% $543,903 $0 n/a
2021/22 $11,500,000 $5,175,000 $0 10.755% $537,059 $0 n/a
2020/21 $11,616,000 $5,227,200 $4,825,530 10.694% $516,042 $516,042 n/a
2019/20 $11,273,000 $5,072,850 $0 10.537% $485,374 $0 n/a
2018/19 $10,832,000 $4,874,400 $0 10.514% $461,993 $0 n/a
2017/18 $10,202,000 $4,590,900 $0 10.514% $441,705 $0 n/a
2016/17 $9,694,000 $4,362,300 $0 10.574% $425,164 $0 n/a
Permits

Permit information for 507 Ocean Parkway, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
03/18/2024 Alteration
02/19/2020 Alteration
11/26/2019 Alteration
11/25/2019 Alteration
06/27/2019 Alteration type 1

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
12/01/2023 Egrade-failure to post energy grade/score none
05/02/2023 Bench-failure to benchmark none
05/27/2021 E-elevator elevatorrequired

*Most recent DOB violations on record for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

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

Risk

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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)
0.31
View subway map

Access the detailed traffic volume map for 507 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

Neighbors for 507 Ocean Parkway, Brooklyn, NY

654 E 7th St, Brooklyn 662 E 7th St, Brooklyn 687 E 5th St, Brooklyn 719 E 5th St, Brooklyn 646 E 7th St, Brooklyn 685 E 5th St, Brooklyn 691 E 5th St, Brooklyn 703 E 5th St, Brooklyn 679 E 5th St, Brooklyn 658 E 7th St, Brooklyn 670 E 7th St, Brooklyn 681 E 5th St, Brooklyn 711 E 5th St, Brooklyn 664 E 7th St, Brooklyn 699 E 5th St, Brooklyn 668 E 7th St, Brooklyn 695 E 5th St, Brooklyn 674 E 7th St, Brooklyn 676 E 7th St, Brooklyn 650 E 7th St, Brooklyn

Nearby ZIP codes for 507 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 507 Ocean Parkway, Brooklyn, NY 11218?

The development at 507 Ocean Parkway, Brooklyn, NY 11218 was built in 1930.

What is the total square footage of 507 Ocean Parkway, Brooklyn, NY 11218?

507 Ocean Parkway, Brooklyn, NY 11218 has a total of 34,800 square feet.

When was 507 Ocean Parkway, Brooklyn, NY 11218 last sold and what was the sale price?

507 Ocean Parkway, Brooklyn, NY 11218 was last sold on 10/26/2023 for $20,000,000.

What is the assessed value of 507 Ocean Parkway, Brooklyn, NY 11218?

507 Ocean Parkway, Brooklyn, NY 11218 is currently assessed at $5,825,250.

How many residential units does this building have?

This building has 39 residential unit(s).

Disclaimer

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