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488 3rd Avenue, Brooklyn, NY 11215 Property Information

488 3rd Avenue, Brooklyn, NY 11215 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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488 3rd Avenue, Brooklyn, NY 11215 1
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Address

Primary address 488 3rd Avenue
Neighborhood Gowanus
Zip code 11215
Borough Brooklyn
Block & lot 01014-0050

Sales & Tax Overview for 488 3rd Avenue, Brooklyn

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

Purchase date 04/07/2022
Purchase price $2,375,000
Tax class
Estimated property tax $6,671

Lot & Building Information for 488 3rd Avenue, Brooklyn

Lot sqft 1,440
Lot dimensions 18 ft x 80 ft
Building class Three Families (C0) i
Building sqft 1,950
Building dimensions 18 ft x 40 ft
Buildings on lot 1
Stories 2
Structure type Old style
Building material Brick
Exterior wall Brick/masonry
Basement type Full
Year built 1901
Year last altered 2015
Frontage(s) 3 Avenue (wide)
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Zoning & Use for 488 3rd Avenue, Brooklyn

Zoning
Residential units (DOF) 3
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 6
Closest police station 0.96 Miles
Closest fire station 0.25 Miles

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

Other Property Data for 488 3rd Avenue, Brooklyn

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Floor area ratio (FAR) for 488 3rd Avenue, Brooklyn, NY 11215, 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 3rd Avenue, Brooklyn, NY 11215, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 488 3rd Avenue, Brooklyn

What is the year built & the total sq. ft. for 488 3rd Avenue, Brooklyn, NY 11215?

488 3rd Avenue, Brooklyn, NY 11215 was built in 1901 and has a total of 1,950 square feet.

What is the assessed value of 488 3rd Avenue, Brooklyn, NY 11215 and the property tax paid?

Assessed at $140,220, the tax amount paid for 488 3rd Avenue, Brooklyn, NY 11215 is $6,671. For the next year, the tax amount for 488 3rd Avenue, Brooklyn, NY 11215 is estimated at $6,671.

When was 488 3rd Avenue, Brooklyn, NY 11215 last sold and what was the last sale price?

488 3rd Avenue, Brooklyn, NY 11215 was last sold in 04/07/2022 for $2,375,000.

How many residential units does this building have?

This building has 3 residential unit(s).

Ownership Information for 488 3rd Avenue, Brooklyn

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Property owner name for 488 3rd Avenue, Brooklyn, NY 11215
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Building contacts for 488 3rd Avenue, Brooklyn, NY 11215
Building management:
Representatives (from permits):
Tenants:
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Past Sales & Property History for 488 3rd Avenue, Brooklyn

Create a free account to view the complete sales history for 488 3rd Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
04/07/2022 $2,375,000
08/30/2016 $2,145,000
03/26/2015 $900,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 488 3rd 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
09/25/2023 - D
10/03/2023 - R
Mortgage
(2023092900535001)
04/21/2022 - D
04/28/2022 - R
Satisfaction of Mortgage
(2022042200122001)
04/07/2022 - D
04/21/2022 - R
Mortgage
(2022041300218003)
04/07/2022 - D
04/21/2022 - R
Mortgage
(2022041300218002)
04/07/2022 - D
04/21/2022 - R
Deed
(2022041300218001)
08/30/2016 - D
09/06/2016 - R
Mortgage
(2016090101193002)
08/30/2016 - D
09/06/2016 - R
Deed
(2016090101193001)
06/01/2016 - D
06/30/2016 - R
Assignment, Mortgage
(2016061500341002)
06/01/2016 - D
06/30/2016 - R
Assignment, Mortgage
(2016061500341001)
03/26/2015 - D
04/07/2015 - R
Mortgage
(2015040100995002)
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R: Recorded date
D: Document date

Property Taxes for 488 3rd Avenue, Brooklyn

Access detailed property tax data for 488 3rd Avenue, Brooklyn, NY 11215. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $6,672
Estimated property tax: $6,671
Tax assessor's market value: $2,337,000
Assessed value: $140,220

Assessment History for 488 3rd Avenue, Brooklyn

Here's the assessment & property tax history for 488 3rd 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 $2,337,000 $140,220 $33,623 19.843% $6,672 $6,672 +3.76%
2024/25 $1,903,000 $114,180 $32,014 20.085% $6,430 $6,430 +6.00%
2023/24 $2,149,000 $128,940 $30,202 20.085% $6,066 $6,066 +2.67%
2022/23 $1,759,000 $105,540 $29,092 20.309% $5,908 $5,908 +5.64%
2021/22 $1,929,000 $115,740 $28,019 19.963% $5,593 $5,593 -5.15%

Permits for 488 3rd Avenue, Brooklyn

The complete history of permits filed for 488 3rd 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
06/10/2015 Alteration type 2
         
         
         
         
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Gowanus Residential Market Stats

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

Median Sale Price
$1,051,223
-47.4% YoY
Median Price/Sqft
$1,195
-22.5% 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)
Hurricane evacuation zone: 2 (See more on map)

Transportation

Distance to Subway
Closest station 4th Ave & 10th St at NW Corner
Station lines F
Distance (miles) 0.144
View subway map
Bus Routes
Name 3 Av/10 St
Line B37
Distance (miles) 0.032

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 124 Silas B Dutcher 3 Yes Public PK, K-5 329 0.23
P.S. 124 Silas B Dutcher 3 Yes Public PK, K-5 329 0.23
St. Thomas Aquinas School NR No Private PK, K-8 0 0.21
St. Thomas Aquinas School NR No Private PK, K-8 0 0.21
Maurice Sendak Community School 8 No Public K-5 211 0.23

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
St. Thomas Aquinas School NR No Private PK, K-8 0 0.21
Al-Madinah School NR No Private PK-12 790 0.32
Ms 51 William Alexander 7 No Public 6-8 1,026 0.41
International School of Brooklyn NR No Private PK-8 369 0.52
International School of Brooklyn NR No Private PK, K-8 0 0.52

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Al-Madinah School NR No Private PK-12 790 0.32
AL-Noor School NR No Private PK-12 630 0.56
Al-Noor School NR No Private PK-12 654 0.56
Millennium Brooklyn High School 10 No Public 9-12 721 0.71
John Jay School for Law 3 No Public 9-12 461 0.71

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

Neighbors for 488 3rd Avenue, Brooklyn

Here are the neighbors for 488 3rd Avenue, Brooklyn, NY 11215.

Address Square feet Purchase date Purchase price
484 3rd Ave, Brooklyn 6,400 02/04/2021 $1,400,000
194 10th St, Brooklyn 2,800 05/06/2006
151 11th St, Brooklyn 2,310 12/01/2011 $669,500
200 10th St, Brooklyn 5,125 05/06/2006
176 10th St, Brooklyn 954 03/15/2014
494 3rd Ave, Brooklyn 1,632 07/06/1988
147 11th St, Brooklyn 8,750 09/16/2015 $999,950
486 3rd Ave, Brooklyn 6,480 11/10/2020
182 10th St, Brooklyn 6,600 05/06/2006
490 3rd Ave, Brooklyn 2,880 05/03/2004
155 11th St, Brooklyn 2,400 01/06/2011
129 11th St, Brooklyn 7,650 12/31/2025 $2,400,000
178 10th St, Brooklyn 954 10/31/1995
157 11th St, Brooklyn 3,600 04/01/2018
139 11th St, Brooklyn 29,100 01/24/2017
480 3rd Ave, Brooklyn 6,400 12/23/2010
153 11th St, Brooklyn 2,100 09/02/1975
149 11th St, Brooklyn 2,310 09/21/2018 $1,830,000
198 10th St, Brooklyn 2,800 05/06/2006
188 10th St, Brooklyn 2,233 05/06/2006
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