New York City » 11215 » 3rd Ave » 488 3rd Ave

488 3rd Avenue, Brooklyn, NY 11215 - Property report

Also known as: 488 3rd Ave

Property image for 488 3rd Avenue, Brooklyn, NY 11215

Property type

Three Families (C0)

Year built

1901

Lot sq. ft.

1,440

Sale price

$2,375,000

General information

Address

Primary address

488 3rd Avenue

ZIP code

11215

Neighborhood

Gowanus

Borough

Brooklyn

Block & lot

01014-0050

Building

Property type

Three Families (C0)

Building sq. ft.

1,950

Building dimensions

18 ft x 40 ft

Buildings on lot

Stories

Year built

1901

Last altered

2015

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Sales

Sale date

04/07/2022

Sale price

$2,375,000

Tax

Tax year

2026-2027

Property tax

$6,672

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

3 Avenue (wide)

Distance to wide street

Lot dimensions

18 ft x 80 ft

Lot sq. ft.

1,440

Area overview

Walk score

98 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

91 /100. Biker's Paradise

School district

Community district

Closest police station

0.96 Miles

Closest fire station

0.25 Miles

View more such as transportation, nearby schools and risk designations.

Units for 488 3rd Avenue, Brooklyn, NY

Unit 2A Unit 3A

Ownership

Ownership information for 488 3rd Avenue, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 488 3rd Avenue, Brooklyn, NY 11215

Sale date	Sale price	Buyer name	Seller name
04/07/2022	$2,375,000	XXXXXXXX, XXXXX XXX XXXXXXXX, XXXXXXX	XXXXX, XXXXX XXX X'XXXXXX, XXXXXX
08/30/2016	$2,145,000	XXXXX, XXXXX XXX XXXXXXX, XXXXXX	XXXX XXXXX XXX XXX
03/26/2015	$900,000	XXXX XXXXX XXX XXX	XXXXX XXXXXXXXXXX XXX XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
10/03/2023 - R 09/25/2023 - D	Mortgage (2023092900535001)	XXXXXXXX XXXXX	XXXX XXXXXXXXX XXXX
04/28/2022 - R 04/21/2022 - D	Satisfaction of Mortgage (2022042200122001)	XXXXX XXXXX	XXXXXXXX XXXXX XXXX X X
04/21/2022 - R 04/07/2022 - D	Mortgage (2022041300218003)	XXXXXXXX XXXXX	XX XXXX X X
04/21/2022 - R 04/07/2022 - D	Mortgage (2022041300218002)	XXXXXXXX XXXXX	XXXX XX XXXXXXX
04/21/2022 - R 04/07/2022 - D	Deed (2022041300218001)	XXXXX XXXXX	XXXXXXXX XXXXX
09/06/2016 - R 08/30/2016 - D	Mortgage (2016090101193002)	XXXXX XXXXX	XXXXXXXX XXXXX XXXX X X
09/06/2016 - R 08/30/2016 - D	Deed (2016090101193001)	XXXX XXXXX XXX XXX	XXXXX XXXXX
06/30/2016 - R 06/01/2016 - D	Assignment, Mortgage (2016061500341002)	XXX XXXXXX XXXXXXX XXX	XXXXXXXXXX X X
06/30/2016 - R 06/01/2016 - D	Assignment, Mortgage (2016061500341001)	XXXXXXX XXXXXXX XXXXXXX XX XXX	XXX XXXXXX XXXXXXX XXX
04/07/2015 - R 03/26/2015 - D	Mortgage (2015040100995002)	XXXX XXXXX XXX XXX	XXXXXXX XXXXXXX XXXXXXX XX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 488 3rd Avenue, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$6,672

Municipal exemptions

Recent tax assessments

Market value

$2,360,000

Assessed value

$141,600

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y 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%
2020/21	$2,120,000	$127,200	$28,019	21.045%	$5,897	$5,897	+0.07%
2019/20	$2,345,000	$140,700	$27,837	21.167%	$5,892	$5,892	+68.18%
2018/19	$1,746,000	$104,760	$16,748	20.919%	$3,504	$3,504	+8.62%
2017/18	$1,107,000	$66,420	$15,823	20.385%	$3,226	$3,226	+8.08%
2016/17	$1,302,000	$78,120	$14,929	19.991%	$2,984	$2,984	+2.23%

Permits

Permit information for 488 3rd Avenue, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
06/10/2015	Alteration type 2

*Most recent permit on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID	Inspection date	Class	NOV issue date	Status
	04/30/2026	A
	11/19/2025	I
	06/05/2025	A

*Most recent HPD violations on record for this property.

Neighborhood

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

$1,180,000

-12.6% Y-o-Y

Median price/sq. ft.

$1,256

-0.6% Y-o-Y

Brooklyn median sale price

$899,000

6% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

4th Ave & 10th St at NW Corner

Station lines

Distance (miles)

0.144

View subway map

Access the detailed traffic volume map for 488 3rd Avenue, Brooklyn, NY 11215 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
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
Al-Madinah School	NR	No	Private	PK-12	790	0.32
Al-Madinah School	NR	No	Private	PK-12	790	0.32
Avalon Childcare Fifth Avenue	NR	No	Private	K-1	83	0.37
P.S. 39 Henry Bristow	9	No	Public	K-5	344	0.49
Hellenic Classical Charter School	10	No	Charter	PK, K-8	483	0.53

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
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
Hellenic Classical Charter School	10	No	Charter	PK, K-8	483	0.53
P.S. 372 The Children S School	NR	No	Public	PK, K-8	436	0.54
AL-Noor School	NR	No	Private	PK-12	630	0.56
New Voices School Of Academic And Creative Arts	9	No	Public	6-8	530	0.69
Park Slope Collegiate	4	No	Public	6-12	577	0.71

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
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
Park Slope Collegiate	4	No	Public	6-12	577	0.71
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
Cyberarts Studio Academy	2	No	Public	9-12	298	0.71
Yeshiva Machzikel Hadas	NR	No	Private	12	0	0.73
P.S. 53	NR	No	Public	K-12	410	0.75
Berkeley Carroll Elementary School	NR	No	Private	PK-12	940	0.78

Frequently asked questions

What is the year built for 488 3rd Avenue, Brooklyn, NY 11215?

The development at 488 3rd Avenue, Brooklyn, NY 11215 was built in 1901.

What is the total square footage of 488 3rd Avenue, Brooklyn, NY 11215?

488 3rd Avenue, Brooklyn, NY 11215 has a total of 1,950 square feet.

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

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

What is the assessed value of 488 3rd Avenue, Brooklyn, NY 11215?

488 3rd Avenue, Brooklyn, NY 11215 is currently assessed at $141,600.

What are the property taxes for 488 3rd Avenue, Brooklyn, NY 11215?

The property taxes for 488 3rd Avenue, Brooklyn, NY 11215 total $6,671.

How many residential units does this building have?

This building has 3 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.