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488 8th Avenue, New York, NY 10001 Property Information

488 8th Avenue, New York, NY 10001 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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488 8th Avenue, New York, NY 10001 2
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Address

Primary address 488 8th Avenue
Neighborhood Garment District
Zip code 10001
Borough Manhattan
Block & lot 00784-0005

Sales & Tax Overview for 488 8th Avenue, New York

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

Purchase date 10/18/2007
Purchase price $12,325,000
Tax class
Estimated property tax $95,103

Lot & Building Information for 488 8th Avenue, New York

Lot sqft 2,368
Lot dimensions 23.67 ft x 100 ft
Building class Zoned Commercial or Manhattan Residential (V1)
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Zoning & Use for 488 8th Avenue, New York

Zoning

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 5
Closest police station 0.12 Miles
Closest fire station 0.13 Miles

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

Other Property Data for 488 8th Avenue, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 488 8th Avenue, New York, NY 10001, 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 8th Avenue, New York, NY 10001, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 488 8th Avenue, New York

What is the market value of 488 8th Avenue, New York, NY 10001?

The current market value is $2,292,000.

Ownership Information for 488 8th Avenue, New York

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Property owner name for 488 8th Avenue, New York, NY 10001
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Building contacts for 488 8th Avenue, New York, NY 10001
Building management:
Representatives (from permits):
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Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
In this guide, we’ll walk you step by step through how to build property owner lists inside the PropertyShark platform, how to customize them for your goals and how to avoid common mistakes.
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 488 8th Avenue, New York

Create a free account to view the complete sales history for 488 8th Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
10/18/2007 $12,325,000

Title Documents for 488 8th Avenue, New York

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
03/18/2026 - D
03/19/2026 - R
Easement
(2026031900098003)
03/18/2026 - D
03/19/2026 - R
Declaration
(2026031900098002)
03/11/2026 - D
03/19/2026 - R
Sundry Miscellaneous
(2026031900098004)
03/10/2026 - D
03/19/2026 - R
Certificate
(2026031900098001)
11/21/2025 - D
12/08/2025 - R
Easement
(2025120500861004)
11/21/2025 - D
12/08/2025 - R
Sundry Miscellaneous
(2025120500861003)
11/21/2025 - D
12/08/2025 - R
Declaration
(2025120500861001)
10/29/2025 - D
12/08/2025 - R
Certificate
(2025120500861002)
09/25/2025 - D
10/03/2025 - R
Development Rights
(2025100101034004)
09/25/2025 - D
10/03/2025 - R
Declaration
(2025100101034003)
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R: Recorded date
D: Document date

Property Taxes for 488 8th Avenue, New York

Access detailed property tax data for 488 8th Avenue, New York, NY 10001. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $75,518
Estimated property tax: $95,103
Tax assessor's market value: $2,292,000
Assessed value: $1,031,400

Assessment History for 488 8th Avenue, New York

Here's the assessment & property tax history for 488 8th Avenue, New York, 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 $2,292,000 $1,031,400 $696,150 10.848% $75,518 $75,518 +28.66%
2024/25 $1,893,000 $851,850 $545,400 10.762% $58,696 $58,696 +28.71%
2023/24 $1,456,000 $655,200 $430,560 10.592% $45,605 $45,605 +20.65%
2022/23 $1,120,000 $504,000 $355,050 10.646% $37,799 $37,799 +13.45%
2021/22 $974,000 $438,300 $309,780 10.755% $33,317 $33,317 -80.89%

Permits for 488 8th Avenue, New York

The complete history of permits filed for 488 8th Avenue, New York, 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
10/09/2020 Alteration
09/10/2020 Alteration
08/19/2020 Alteration
03/16/2020 Alteration
03/16/2020 Alteration type 2
01/24/2020 Full demolition
11/26/2014 Alteration type 2
07/17/2014 Alteration type 2
07/17/2014 Alteration type 2
05/04/2012 Alteration type 2
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Manhattan Commercial Market Stats

Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$680
4.4% YoY
Median Price/Sqft Q4/2025
$550
-15.8% YoY
Median Price/Sqft 2025
$607
-2.5% YoY

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station 8th Ave & 34th St at NE Corner
Station lines A-C-E
Distance (miles) 0.019
View subway map
Bus Routes
Name 8 Av/W 34 St
Line M20
Distance (miles) 0.019

Neighbors for 488 8th Avenue, New York

Here are the neighbors for 488 8th Avenue, New York, NY 10001.

Address Square feet Purchase date Purchase price
410 8th Ave, New York 13,900 03/04/2011
14 Penn Plz, New York 461,386 08/26/2016
412 8th Ave, New York 15,781 01/15/1999
4 Penn Plz, New York 05/09/2014
460 8th Ave, New York 14,145 04/02/1998
267 W 34th St, New York 11/25/2013 $3,085,000
249 W 34th St, New York 14,686 08/15/2025 $6,625,000
414 8th Ave, New York 2,008 04/08/1998
265 W 34th St, New York 07/14/2017 $389,839,651
255 W 34th St, New York 157,517 04/15/2024 $1,000
486 8th Ave, New York 08/29/2016
2 Penn Plz, New York 09/26/2018 $572,651
261 W 34th St, New York 35,111 10/19/2023 $16,845,257
480 8th Ave, New York 06/10/2025
408 8th Ave, New York 4,200
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