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488 Central Avenue, Brooklyn, NY 11221 Property Information

488 Central Avenue, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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488 Central Avenue, Brooklyn, NY 11221 1
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Address

Primary address 488 Central Avenue
Neighborhood Bushwick
Zip code 11221
Borough Brooklyn
Block & lot 03375-0138

Sales & Tax Overview for 488 Central Avenue, Brooklyn

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

Purchase date 02/13/2025
Purchase price $1,650,000
Tax class
Estimated property tax $9,511

Lot & Building Information for 488 Central Avenue, Brooklyn

Lot sqft 2,117
Lot dimensions 21.17 ft x 100 ft
Building class Three Families (C0) i
Building sqft 3,015
Building dimensions 21.17 ft x 47.46 ft
Buildings on lot 1
Stories 2
Structure type Row
Building material Brick
Exterior wall Brick/masonry
Basement type Full
Year built 2003
Frontage(s) Central Avenue (narrow)
Nearest wide street Bushwick Avenue
Distance to wide street
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Zoning & Use for 488 Central Avenue, Brooklyn

Zoning
Residential units (DOF) 3
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 32
Community district 4
Closest police station 0.44 Miles
Closest fire station 0.31 Miles

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

Other Property Data for 488 Central Avenue, Brooklyn

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Floor area ratio (FAR) for 488 Central Avenue, Brooklyn, NY 11221, 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 488 Central Avenue, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 488 Central Avenue, Brooklyn

What is the year built & the total sq. ft. for 488 Central Avenue, Brooklyn, NY 11221?

488 Central Avenue, Brooklyn, NY 11221 was built in 2003 and has a total of 3,015 square feet.

What is the assessed value of 488 Central Avenue, Brooklyn, NY 11221 and the property tax paid?

Assessed at $73,260, the tax amount paid for 488 Central Avenue, Brooklyn, NY 11221 is $8,973. For the next year, the tax amount for 488 Central Avenue, Brooklyn, NY 11221 is estimated at $9,511.

When was 488 Central Avenue, Brooklyn, NY 11221 last sold and what was the last sale price?

488 Central Avenue, Brooklyn, NY 11221 was last sold in 02/13/2025 for $1,650,000.

How many residential units does this building have?

This building has 3 residential unit(s).

Ownership Information for 488 Central Avenue, Brooklyn

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Property owner name for 488 Central Avenue, Brooklyn, NY 11221
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Building contacts for 488 Central Avenue, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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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 488 Central Avenue, Brooklyn

Create a free account to view the complete sales history for 488 Central Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
02/13/2025 $1,650,000
07/01/2005 $411,878
       
       
       
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Title Documents for 488 Central Avenue, 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
03/19/2025 - D
04/22/2025 - R
Partial Release of Mortgage
(2025032400440001)
02/13/2025 - D
03/03/2025 - R
Mortgage
(2025022700315002)
02/13/2025 - D
03/03/2025 - R
Deed
(2025022700315001)
07/26/2022 - D
08/01/2022 - R
Satisfaction of Mortgage
(2022072800274001)
11/06/2019 - D
11/14/2019 - R
Satisfaction of Mortgage
(2019111200072001)
07/01/2005 - D
08/03/2005 - R
Release
(2005070602542006)
07/01/2005 - D
08/03/2005 - R
Partial Release of Mortgage
(2005070602542005)
07/01/2005 - D
08/03/2005 - R
Partial Release of Mortgage
(2005070602542004)
07/01/2005 - D
08/03/2005 - R
Mortgage
(2005070602542003)
07/01/2005 - D
08/03/2005 - R
Mortgage
(2005070602542002)
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R: Recorded date
D: Document date

Property Taxes for 488 Central Avenue, Brooklyn

Access detailed property tax data for 488 Central Avenue, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $8,974
Estimated property tax: $9,511
Tax assessor's market value: $1,221,000
Assessed value: $73,260

Assessment History for 488 Central Avenue, Brooklyn

Here's the assessment & property tax history for 488 Central Avenue, 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 $1,221,000 $73,260 $45,224 19.843% $8,974 $8,974 +1.81%
2024/25 $1,230,000 $73,800 $43,884 20.085% $9,083 $8,814 +2.03%
2023/24 $1,367,000 $82,020 $43,010 20.085% $8,920 $8,639 +13.64%
2022/23 $1,277,000 $76,620 $37,431 20.309% $8,599 $7,602 +18.56%
2021/22 $1,179,000 $70,740 $32,117 19.963% $7,975 $6,412 +13.13%

Permits for 488 Central Avenue, Brooklyn

The complete history of permits filed for 488 Central Avenue, 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
07/16/2002 New building
09/18/1998 New building
         
         
         
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Bushwick Residential Market Stats

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

Median Sale Price
$775,000
-0.9% YoY
Median Price/Sqft
$921
2.3% YoY
Brooklyn Median Sale Price
$839,000
6.2% 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 Weirfield St & Broadway at NE Corner
Station lines J
Distance (miles) 0.401
View subway map
Bus Routes
Name Wilson Av/Putnam Av
Line B60
Distance (miles) 0.143

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 106 Edward Everett Hale 2 Yes Public PK, K-5 356 0.17
P.S. 106 Edward Everett Hale 2 Yes Public PK, K-5 356 0.17
P.S. 377 Alejandina B De Gautier 2 No Public PK, K-5 173 0.15
P.S. 377 Alejandina B De Gautier 2 No Public PK, K-5 173 0.15
Achievement First North Brooklyn Prep Charter School 7 No Charter K-8 851 0.15

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Jhs 291 Roland Hayes 3 Yes Public 6-8 267 0.28
Achievement First North Brooklyn Prep Charter School 7 No Charter K-8 851 0.15
St. Marks Lutheran Schools NR No Private PK, K-8 0 0.27
Evergreen Middle School-Urban Exploration 4 No Public 6-8 342 0.28
Bushwick Ascend Charter School 7 No Charter K-8 799 0.31

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Bushwick Community High School 2 No Public 9-12 86 0.28
Math, Eng, Science Academy Charter High 5 No Charter 9-12 515 0.28
Academy for Environmental Leadership 2 No Public 9-12 275 0.37
Bushwick School for Social Justice 2 No Public 9-12 272 0.37
Academy Of Urban Planning 5 No Public 9-12 403 0.37

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

Neighbors for 488 Central Avenue, Brooklyn

Here are the neighbors for 488 Central Avenue, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
455 Central Ave, Brooklyn 3,033 12/30/2004 $286,732
453 Central Ave, Brooklyn 3,033 01/14/2005 $286,732
163 Cornelia St, Brooklyn 2,859
463 Central Ave, Brooklyn 3,147 01/31/2005 $286,732
457 Central Ave, Brooklyn 3,033 12/30/2004 $286,732
478 Central Ave, Brooklyn 3,009 07/01/2005 $411,878
461 Central Ave, Brooklyn 3,033 01/11/2005 $286,732
451 Central Ave, Brooklyn 3,033 02/02/2005 $286,732
449 Central Ave, Brooklyn 3,198 01/12/2005 $286,732
484 Central Ave, Brooklyn 3,015 01/11/2005 $411,878
480 Central Ave, Brooklyn 3,015 07/01/2005 $411,878
11 Menahan St, Brooklyn 6,000 11/15/2004 $615,000
913 Bushwick Ave, Brooklyn 2,355 02/28/2006 $580,000
490 Central Ave, Brooklyn 2,970 02/21/2025
486 Central Ave, Brooklyn 3,015 12/30/2004 $411,878
482 Central Ave, Brooklyn 3,015 06/24/2022 $1,349,000
1332 Gates Ave, Brooklyn 3,273 12/02/2005
459 Central Ave, Brooklyn 3,033 12/27/2024 $1,300,000
1338 Gates Ave, Brooklyn 4,044 07/03/2007 $735,000
1334 Gates Ave, Brooklyn 3,273 05/25/2006
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