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987 Ocean Parkway, Brooklyn, NY 11230 Property Information

987 Ocean Parkway, Brooklyn, NY 11230 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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987 Ocean Parkway, Brooklyn, NY 11230 1
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Address

Primary address 987 Ocean Parkway
Secondary address 987 Garage Ocean Pkwy
Neighborhood Midwood
Zip code 11230
Borough Brooklyn
Block & lot 06519-0051

Sales & Tax Overview for 987 Ocean Parkway, Brooklyn

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

Purchase date 11/26/2012
Purchase price $3,000,000
Tax class
Estimated property tax $30,019

Lot & Building Information for 987 Ocean Parkway, Brooklyn

Lot sqft 6,000
Lot dimensions 40 ft x 150 ft
Building class Large Suburban Residence (A3)
Building sqft 4,400
Building dimensions 22 ft x 100 ft
Buildings on lot 1
Stories 2
Structure type Unique
Building material Frame
Exterior wall Stucco
Basement type Full
Garage type Detached, frame garage
Year built 1920
Year last altered 2003
Frontage(s) Ocean Parkway (narrow)
Nearest wide street Avenue J
Distance to wide street
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Zoning & Use for 987 Ocean Parkway, Brooklyn

Zoning
Residential units (DOF) 1
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 21
Community district 12
Closest police station 0.43 Miles
Closest fire station 0.34 Miles

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

Other Property Data for 987 Ocean Parkway, Brooklyn

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Floor area ratio (FAR) for 987 Ocean Parkway, Brooklyn, NY 11230, 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 987 Ocean Parkway, Brooklyn, NY 11230, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 987 Garage Ocean Pkwy, Brooklyn, NY 11230

About 987 Ocean Parkway, Brooklyn

What is the year built & the total sq. ft. for 987 Ocean Parkway, Brooklyn, NY 11230?

987 Ocean Parkway, Brooklyn, NY 11230 was built in 1920 and has a total of 4,400 square feet.

What is the assessed value of 987 Ocean Parkway, Brooklyn, NY 11230 and the property tax paid?

Assessed at $220,680, the tax amount paid for 987 Ocean Parkway, Brooklyn, NY 11230 is $28,671. For the next year, the tax amount for 987 Ocean Parkway, Brooklyn, NY 11230 is estimated at $30,019.

When was 987 Ocean Parkway, Brooklyn, NY 11230 last sold and what was the last sale price?

987 Ocean Parkway, Brooklyn, NY 11230 was last sold in 11/26/2012 for $3,000,000.

How many residential units does this building have?

This building has 1 residential unit(s).

Ownership Information for 987 Ocean Parkway, Brooklyn

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Property owner name for 987 Ocean Parkway, Brooklyn, NY 11230
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Building contacts for 987 Ocean Parkway, Brooklyn, NY 11230
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Mar 19, 2026 Cheaper in the City? Nearly 100 Communities in Suburban NYC Surpass $1M
New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 987 Ocean Parkway, Brooklyn

Create a free account to view the complete sales history for 987 Ocean Parkway, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
11/26/2012 $3,000,000

Title Documents for 987 Ocean Parkway, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
06/24/2020 - D
08/11/2020 - R
Agreement
(2020080800032003)
06/24/2020 - D
08/11/2020 - R
Mortgage
(2020080800032002)
06/23/2020 - D
08/11/2020 - R
Assignment, Mortgage
(2020080800032001)
11/26/2012 - D
12/11/2012 - R
Satisfaction of Mortgage
(2012120300316001)
11/26/2012 - D
11/30/2012 - R
Mortgage
(2012112700365002)
11/26/2012 - D
11/30/2012 - R
Deed
(2012112700365001)
06/26/1981 - R Mortgage
(38130124600875)
05/12/1978 - R Mortgage
(37830099301312)
05/12/1978 - R Deed
(37830099301310)
07/02/1970 - R Deed
(37030042001485)
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R: Recorded date
D: Document date

Property Taxes for 987 Ocean Parkway, Brooklyn

Access detailed property tax data for 987 Ocean Parkway, Brooklyn, NY 11230. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $28,672
Estimated property tax: $30,019
Tax assessor's market value: $3,678,000
Assessed value: $220,680

Assessment History for 987 Ocean Parkway, Brooklyn

Here's the assessment & property tax history for 987 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 $3,678,000 $220,680 $144,492 19.843% $28,672 $28,672 -1.20%
2024/25 $3,973,000 $238,380 $144,492 20.085% $29,021 $29,021 +4.40%
2023/24 $4,860,000 $291,600 $138,396 20.085% $27,797 $27,797 +3.64%
2022/23 $5,151,000 $309,060 $132,058 20.309% $26,820 $26,820 +6.56%
2021/22 $4,025,000 $241,500 $126,072 19.963% $25,168 $25,168 -0.68%

Permits for 987 Ocean Parkway, Brooklyn

The complete history of permits filed for 987 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
10/16/2013 Alteration type 2
02/07/2003 Alteration type 2
10/25/2002 Full demolition
08/20/2002 Alteration type 2
         
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Midwood Residential Market Stats

Access a detailed real estate market overview of Midwood so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Midwood and compare it to other neighborhoods in Brooklyn.

Median Sale Price
$667,500
-20.3% YoY
Median Price/Sqft
$743
3.7% YoY
Brooklyn Median Sale Price
$885,000
2.5% 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 & Avenue J at NE Corner
Station lines F
Distance (miles) 0.312
View subway map
Bus Routes
Name Av J/Ocean Py
Line B6
Distance (miles) 0.027

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 99 Isaac Asimov 4 Yes Public PK, K-8 804 0.30
P.S. 99 Isaac Asimov 4 Yes Public PK, K-8 804 0.30
Yeshiva Machzikei Hadas 2 NR No Private 1-3 265 0.22
Lubavitcher School Chabad NR No Private PK-8 139 0.22
Lubavitcher School Chabad NR No Private PK-8 139 0.22

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 99 Isaac Asimov 4 Yes Public PK, K-8 804 0.30
Lubavitcher School Chabad NR No Private PK-8 139 0.22
Yeshivah of Flatbush Elementary School NR No Private PK-8 1,435 0.24
Ivdu School NR No Private 35 0.29
Yeshiva of Brooklyn Boys School NR No Private PK, K-8 0 0.35

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Lubavitcher High School NR No Private 9-12 0 0.23
Lubavitcher High School NR No Private 9-12 135 0.24
Bnot Chaya Academy NR No Private 9-12 27 0.26
Mesivta Sholom Schachna NR No Private 9-12 192 0.27
Ivdu School NR No Private 35 0.29

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 987 Ocean Parkway, Brooklyn

Here are the neighbors for 987 Ocean Parkway, Brooklyn, NY 11230.

Address Square feet Purchase date Purchase price
961 Ocean Pkwy, Brooklyn 5,940 05/20/1998
601 Avenue J, Brooklyn 3,782 02/16/2001
1050 E 7th St, Brooklyn 2,054 03/02/1989
941 Ocean Pkwy, Brooklyn 2,177 12/14/1971
1074 E 7th St, Brooklyn 2,256 03/19/2013
975 Ocean Pkwy, Brooklyn 6,875 12/28/2020
1056 E 7th St, Brooklyn 3,174 12/14/2012 $10
965 Ocean Pkwy, Brooklyn 4,092
953 Ocean Pkwy, Brooklyn 5,390 09/17/2015 $4,000,000
619 Avenue J, Brooklyn 3,136 12/29/2020
1070 E 7th St, Brooklyn 2,860 12/30/2012
969 Ocean Pkwy, Brooklyn 4,092 04/12/2021 $3,000,000
1064 E 7th St, Brooklyn 3,980 12/15/2003
981 Ocean Pkwy, Brooklyn 3,520 03/17/2016
947 Ocean Pkwy, Brooklyn 1,431 02/28/2006
627 Avenue J, Brooklyn 3,440 06/28/1978
1060 E 7th St, Brooklyn 2,512 01/16/2018 $3,700,000
951 Ocean Pkwy, Brooklyn 3,088 06/13/2006
935 Ocean Pkwy, Brooklyn 4,428 12/28/2020
1080 E 7th St, Brooklyn 2,280 10/29/1991
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