488 Ocean Parkway, Unit #49, Brooklyn, New York, NY 11218


Address: 488 Ocean Parkway, Unit #49, Brooklyn, New York, NY 11218
Owner: EDGEWOOD INC

488 Ocean Parkway, Unit #49, Brooklyn, New York, NY 11218 (Parcel #3053890041) is a property assessed by City of New York, Department of Finance (DOF). The owner is EDGEWOOD INC. The assessed value is 1214100.

Property Overview

Borough-Block-Lot-Easement (BBLE) 3053890041
Borough: 3 (Brooklyn), Block: 5389, Lot: 41
Property Address 488 Ocean Parkway
Unit #49
Brooklyn
New York, NY 11218
Owner EDGEWOOD INC
Building Class D4 (ELEVATOR COOPERATIVE)
Property Tax Class 2 (APARTMENTS)
Lot Width 80
Number of Stories 6
Assessment Year 2017/18
Estimated Market Value 2698000
Actual Assessed Total Value 1214100
(45% of estimated market value)
Transitional Assessed Total Value 1099190
Actual Exempt Total Value 36480
Transitional Exempt Total Value 36480
Exemption Code 1017 - SCHOOL TAX RELIEF - Legal Reference: RPTL § 425
Building Width 80
Building Depth 99
Assessment Period When File Created FINAL
Apartment Number 49

Assessment Information (year 2016)

Description Land Value Total Value
(Current) (Tentative) (New) (Current) (Tentative) (New)
Estimated Market Value 343000 660000 2559000 2698000
Actual Assessed Value 154350 297000 297000 1151550 1214100 1214100
Actual Exempt Value 37760 36480 36480 37760 36480 36480
Transitional Assessed Value 154350 182880 182880 989300 1099190 1099190
Transitional Exempt Value 37760 36480 36480 37760 36480 36480
Estimated market value changed on 12/11/2016. Tentative assessed value changed on 05/11/2017. Final assessed value changed on 05/11/2017.

Property Assessment History

Year Estimated Market Value Increase % Assessed Land Value Assessed Total Value
2009/10 1820000 0.00% 819000 154350
2010/11 2190000 20.33% 985500 154350
2011/12 1343000 -38.68% 604350 154350
2012/13 1477000 9.98% 664650 154350
2013/14 2206000 49.36% 992700 154350
2014/15 2423000 9.84% 1090350 154350
2015/16 2428000 0.21% 1092600 154350
2016/17 2559000 5.40% 1151550 154350
2017/18 2698000 5.43% 1214100 297000

Property Location

Borough-Block-Lot-Easement (BBLE) 3053890041
Borough: 3 (Brooklyn), Block: 5389, Lot: 41
Property Address 488 Ocean Parkway
Unit #49
Brooklyn
New York, NY 11218
Borough Brooklyn
Zip Code 11218

Owner Overview

Owner EDGEWOOD INC

Competitor

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Dataset Information

Data Provider City of New York, Department of Finance (DOF)
Jurisdiction New York

This dataset includes 1.07 million properties assessed by City of New York, Department of Finance (DOF). The data contains property, or parcel, ownership together with value information, which ensures fair assessment of New York taxable and non-taxable property of all types and classifications. Each property is disclosed with parcel id, address, owner, mailing address, assessed value, etc.

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