Kings  »  11230  »  Ocean Ave  »  1940 Ocean Ave

1940 Ocean Avenue, Brooklyn, NY 11230 - Property report

Also known as: 1928-1938 Ocean Ave

Property image for 1940 Ocean Avenue, Brooklyn, NY 11230
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Property type

Elevator Apartment - Semi-fireproof without Stores (D1)

Year built

1935

Lot sq. ft.

12,500

Sale price

$850,000

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
1940 Ocean Avenue
Alternate address(es)
1928-1938 Ocean Ave
1928-1940 Ocean Ave
ZIP code
11230
Neighborhood
Midwood
Borough
Brooklyn
Block & lot
06757-0031

Owner

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Building
Property type
Elevator Apartment - Semi-fireproof without Stores (D1)
Building sq. ft.
52,830
Building dimensions
100 ft x 110 ft
Buildings on lot
1
Stories
6
Year built
1935
Building material
Sales
Sale date
12/28/2020
Sale price
$850,000
Tax
Tax year
2026-2027
Property tax
$216,233
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
55
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
100 ft x 125.75 ft
Lot sq. ft.
12,500

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
89 /100.  Excellent Transit
Bike score
62 /100.  Bikeable
School district
22
Community district
14
Closest police station
1.12 Miles
Closest fire station
0.41 Miles

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

Ownership

Ownership information for 1940 Ocean Avenue, Brooklyn, NY

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

Sales history for 1940 Ocean Avenue, Brooklyn, NY 11230

Sale date Sale price Buyer name Seller name
12/28/2020 $850,000 XXXXX, XXXXXX XXXXXX XXXX XXX
12/29/2009 $6,700,000 XXXXXX XXXX XXX XXXX XXXXX XXXXXX XXX XX X & X XXXXXXX XXXXXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
12/22/2022 - R UCC3 Termination
(2022121900347006)		 XXXXXX XXXX XXX XXXXXXXX XXXX X X
12/22/2022 - R Initial UCC1
(2022121900347005)		 XXXXXX XXXX XXX XXXXXXXX XXXX
12/22/2022 - R
12/13/2022 - D		 Assignment of Leases and Rents
(2022121900347004)		 XXXXXX XXXX XXX XXXXXXXX XXXX
12/22/2022 - R
12/13/2022 - D		 Agreement
(2022121900347003)		 XXXXXX XXXX XXX XXXXXXXX XXXX
12/22/2022 - R
12/13/2022 - D		 Certificate of Reduction
(2022121900347002)		 XXXXXX XXXX XXX XXXXXXXX XXXX
12/22/2022 - R
12/07/2022 - D		 Termination of Assign of L&R
(2022121900347007)		 XXXXXX XXXX XXX XXXXXXXX XXXX X X
12/22/2022 - R
12/07/2022 - D		 Assignment, Mortgage
(2022121900347001)		 XXXXXXXX XXXX X X XXXXXXXX XXXX
01/08/2021 - R
12/28/2020 - D		 Deed
(2021010400764003)		 XXXXX XXXXX XX XXXXXXX XXXXXX XXXX XXX
01/08/2021 - R
12/28/2020 - D		 Deed
(2021010400764002)		 XXXXX XXXXXX XXXXX XXXXX XX XXXXXXX
01/08/2021 - R
12/28/2020 - D		 Deed
(2021010400764001)		 XXXXXX XXXX XXX XXXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1940 Ocean Avenue, 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
$216,233
Municipal exemptions
Recent tax assessments
Market value
$4,339,000
Assessed value
$1,952,550

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 $3,641,000 $1,638,450 $1,638,450 12.439% $203,807 $203,807 -2.27%
2024/25 $3,864,000 $1,738,800 $1,668,330 12.5% $208,541 $208,541 +0.56%
2023/24 $3,826,000 $1,721,700 $1,658,790 12.502% $207,382 $207,382 +4.35%
2022/23 $3,645,000 $1,640,250 $1,620,090 12.267% $198,736 $198,736 +2.60%
2021/22 $3,521,000 $1,584,450 $1,583,100 12.235% $193,692 $193,692 +3.08%
2020/21 $3,681,000 $1,656,450 $1,531,800 12.267% $187,906 $187,906 +4.58%
2019/20 $3,758,000 $1,691,100 $1,440,540 12.473% $179,679 $179,679 +8.07%
2018/19 $3,396,000 $1,528,200 $1,318,320 12.612% $166,267 $166,267 +8.24%
2017/18 $3,234,000 $1,455,300 $1,207,710 12.719% $153,609 $153,609 +8.64%
2016/17 $2,951,000 $1,327,950 $1,096,740 12.892% $141,392 $141,392 +10.32%
Permits

Permit information for 1940 Ocean Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
11/07/2023 Alteration

*Most recent permit on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/30/2023 Lblvio-low pressure boiler boiler required
04/25/2023 Lblvio-low pressure boiler boiler required
09/17/2021 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
5

Subway & traffic

Closest station
15th St & Avenue M at SE Corner
Station lines
B-Q
Distance (miles)
0.332
View subway map

Access the detailed traffic volume map for 1940 Ocean Avenue, Brooklyn, NY 11230 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 1940 Ocean Avenue, Brooklyn, NY

1968 Ocean Ave, Brooklyn 1917 Avenue O, Brooklyn 1898 Ocean Ave, Brooklyn 1890 Ocean Ave, Brooklyn 1958 Ocean Ave, Brooklyn 1914 Avenue N, Brooklyn 1915 Avenue O, Brooklyn 1912 Avenue N, Brooklyn 1946 Ocean Ave, Brooklyn 1954 Ocean Ave, Brooklyn 1966 Ocean Ave, Brooklyn 1906 Ocean Ave, Brooklyn 1922 Ocean Ave, Brooklyn 1910 Ocean Ave, Brooklyn 1922 Avenue N, Brooklyn 1962 Ocean Ave, Brooklyn 1902 Ocean Ave, Brooklyn

Nearby ZIP codes for 1940 Ocean Avenue, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11210, New York City, NY 11213, New York City, NY 11214, New York City, NY 11215, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11223, New York City, NY 11224, New York City, NY 11225, New York City, NY 11226, New York City, NY 11228, New York City, NY 11229, New York City, NY 11232, New York City, NY 11234, New York City, NY 11235, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 1940 Ocean Avenue, Brooklyn, NY 11230?

The development at 1940 Ocean Avenue, Brooklyn, NY 11230 was built in 1935.

What is the total square footage of 1940 Ocean Avenue, Brooklyn, NY 11230?

1940 Ocean Avenue, Brooklyn, NY 11230 has a total of 52,830 square feet.

When was 1940 Ocean Avenue, Brooklyn, NY 11230 last sold and what was the sale price?

1940 Ocean Avenue, Brooklyn, NY 11230 was last sold on 12/28/2020 for $850,000.

What is the assessed value of 1940 Ocean Avenue, Brooklyn, NY 11230?

1940 Ocean Avenue, Brooklyn, NY 11230 is currently assessed at $1,952,550.

What are the property taxes for 1940 Ocean Avenue, Brooklyn, NY 11230?

The property taxes for 1940 Ocean Avenue, Brooklyn, NY 11230 total $216,233.

How many residential units does this building have?

This building has 55 residential unit(s).

Disclaimer

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