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487 Ocean Parkway, Brooklyn, NY 11218 Property Information

487 Ocean Parkway, Brooklyn, NY 11218 Property Information

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

Primary address 487 Ocean Parkway
Neighborhood Kensington
Zip code 11218
Borough Brooklyn
Block & lot 05390-0060

Sales & Tax Overview for 487 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 08/30/2014
Purchase price $2,360,000
Tax class
Estimated property tax $6,164

Lot & Building Information for 487 Ocean Parkway, Brooklyn

Lot sq. ft. 4,500
Lot dimensions 30 ft x 150 ft
Property type Zoned Residential - Not Manhattan (V0)
Frontage(s) Ocean Parkway (narrow)
Nearest wide street Ocean Parkway
Distance to wide street
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Zoning & Use for 487 Ocean Parkway, Brooklyn

Zoning

Area Overview

Walk Score
Transit Score
Bike Score


School district 20
Community district 12
Closest police station 0.42 Miles
Closest fire station 0.35 Miles

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

Other Property Data for 487 Ocean Parkway, Brooklyn

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Floor area ratio (FAR) for 487 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 487 Ocean Parkway, Brooklyn, NY 11218, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 487 Ocean Parkway, Brooklyn

What is the market value of 487 Ocean Parkway, Brooklyn, NY 11218?

The current market value is $1,254,000.

Ownership Information for 487 Ocean Parkway, Brooklyn

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Property owner name for 487 Ocean Parkway, Brooklyn, NY 11218
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Building contacts for 487 Ocean Parkway, Brooklyn, NY 11218
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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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 487 Ocean Parkway, Brooklyn

Create a free account to view the complete sales history for 487 Ocean Parkway, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
08/30/2014 $2,360,000
01/23/2014 $50,000
08/29/2013 $300,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 487 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
03/05/2025 - D
03/12/2025 - R
Deed
(2025030600101001)
02/26/2019 - D
03/01/2019 - R
Satisfaction of Mortgage
(2019022800913001)
12/26/2018 - D
12/31/2018 - R
Certificate
(2018122800327002)
12/21/2018 - D
12/31/2018 - R
Zoning Lot Description
(2018122800327001)
11/20/2017 - D
11/28/2017 - R
Certificate
(2017112001109001)
09/07/2017 - D
10/11/2017 - R
Zoning Lot Description
(2017091400566001)
08/30/2014 - D
09/24/2014 - R
Deed
(2014090900378001)
01/23/2014 - D
02/10/2014 - R
Deed
(2014012301122001)
08/29/2013 - D
09/18/2013 - R
Deed
(2013083000212001)
07/26/2012 - D
03/05/2019 - R
Power of Attorney
(2019030401098001)
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R: Recorded date
D: Document date

Property Taxes for 487 Ocean Parkway, Brooklyn

Access detailed property tax data for 487 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: $5,815
Estimated property tax: $6,164
Tax assessor's market value: $1,254,000
Assessed value: $75,240

Assessment History for 487 Ocean Parkway, Brooklyn

Here's the assessment & property tax history for 487 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 $1,254,000 $75,240 $29,306 19.843% $5,815 $5,815 +4.72%
2024/25 $987,000 $59,220 $27,648 20.085% $5,553 $5,553 0.00%
2023/24 $759,000 $45,540 $27,648 20.085% $5,553 $5,553 -0.35%
2022/23 $584,000 $35,040 $27,440 20.309% $5,573 $5,573 +7.83%
2021/22 $508,000 $30,480 $25,887 19.963% $5,168 $5,168 +0.55%

Permits for 487 Ocean Parkway, Brooklyn

The complete history of permits filed for 487 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
05/13/2019 Alteration
04/29/2019 Alteration type 3
11/15/2018 Alteration type 3
11/13/2018 New building
11/12/2018 Alteration type 3
01/19/2018 New building
01/19/2018 New building
01/09/2018 New building
08/22/2008 Alteration type 2
08/22/2008 Alteration type 2
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Kensington Residential Market Stats

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

Median Sale Price
$550,000
10.9% YoY
Median Price/Sqft
$742
6.5% 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 & Ditmas Ave at SE Corner
Station lines F
Distance (miles) 0.314
View subway map
Bus Routes
Name 18 Av/E 8 St
Line B8
Distance (miles) 0.202

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 179 Kensington 5 Yes Public PK, K-5 668 0.36
P.S. 179 Kensington 5 Yes Public PK, K-5 668 0.36
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 0.15

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Jhs 62 Ditmas 7 Yes Public 6-8 900 0.12
Yeshiva & Mesivta Torah Temimah NR No Private PK, K-12 622 0.12
Mevakshai Hashem NR No Private PK-8 572 0.15
Mavakshai Hashem NR No Private PK-8 475 0.15
Yeshiva Torah Vodaath NR No Private K-8 0 0.17

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Yeshiva & Mesivta Torah Temimah NR No Private PK, K-12 622 0.12
Torah Vodaath High School NR No Private 9-12 0 0.17
Bonim Lamokom NR No Private 35 0.18
Yeshiva Nesivas Chaim NR No Private 9-12 0 0.30
Yeshiva Gedolah of Midwood NR No Private 9-12 0 0.32

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

Neighbors for 487 Ocean Parkway, Brooklyn

Here are the neighbors for 487 Ocean Parkway, Brooklyn, NY 11218.

Address Square feet Purchase date Purchase price
815 McDonald Ave, Brooklyn 1,160 01/19/2005 $450,000
633 Dahill Rd, Brooklyn 3,300 03/07/2002
1656 42nd St, Brooklyn 4,290 05/12/2022 $1,615,000
369 E 9th St, Brooklyn 10/26/1980
813 McDonald Ave, Brooklyn 1,212 07/30/2013 $200,000
814 E 3rd St, Brooklyn 2,046 09/21/1989
1723 43rd St, Brooklyn 2,100 02/07/2002
406 Ditmas Ave, Brooklyn 3,972 09/13/2017
629 E 8th St, Brooklyn 3,144 09/04/2015 $805,000
502 Cortelyou Rd, Brooklyn 2,880 07/12/2022
909 Cortelyou Rd, Brooklyn 3,174 06/06/2023 $10
511 E 5th St, Brooklyn 1,553 03/26/2007 $575,000
705 E 2nd St, Brooklyn 3,867 07/03/2025 $2,850,000
4321 17th Ave, Brooklyn 1,886 04/22/2012
340 E 9th St, Brooklyn 06/06/2022
622 Avenue C, Brooklyn 3,457 04/27/2017 $919,000
507 E 5th St, Brooklyn 1,282 05/28/2013 $640,000
531 E 9th St, Brooklyn 4,968 02/18/1999
549 E 4th St, Brooklyn 3,144 07/11/2019
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