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488 Lexington Avenue, Brooklyn, NY 11221 Property Information

488 Lexington Avenue, Brooklyn, NY 11221 Property Information

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

Primary address 488 Lexington Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11221
Borough Brooklyn
Block & lot 01806-0017

Sales & Tax Overview for 488 Lexington Avenue, Brooklyn

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

Purchase date 07/31/2018
Purchase price $999,000
Tax class
Estimated property tax $5,214

Lot & Building Information for 488 Lexington Avenue, Brooklyn

Lot sqft 2,000
Lot dimensions 20 ft x 100 ft
Building class Two Family Converted from One Family (B3) i
Building sqft 2,880
Building dimensions 20 ft x 48 ft
Buildings on lot 1
Stories 2
Structure type Row
Building material Brick
Exterior wall Brick/masonry
Basement type Full
Year built 1899
Year last altered 2018
Frontage(s) Lexington Avenue (wide)
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Zoning & Use for 488 Lexington Avenue, Brooklyn

Zoning
Residential units (DOF) 2
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 16
Community district 3
Closest police station 0.16 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 Lexington Avenue, Brooklyn

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

About 488 Lexington Avenue, Brooklyn

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

488 Lexington Avenue, Brooklyn, NY 11221 was built in 1899 and has a total of 2,880 square feet.

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

Assessed at $105,480, the tax amount paid for 488 Lexington Avenue, Brooklyn, NY 11221 is $4,938. For the next year, the tax amount for 488 Lexington Avenue, Brooklyn, NY 11221 is estimated at $5,214.

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

488 Lexington Avenue, Brooklyn, NY 11221 was last sold in 07/31/2018 for $999,000.

How many residential units does this building have?

This building has 2 residential unit(s).

Ownership Information for 488 Lexington Avenue, Brooklyn

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Property owner name for 488 Lexington Avenue, Brooklyn, NY 11221
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Building contacts for 488 Lexington 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 Lexington Avenue, Brooklyn

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

Purchase date Purchase price Buyer name Seller name
07/31/2018 $999,000

Title Documents for 488 Lexington Avenue, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
07/31/2018 - D
08/27/2018 - R
Agreement
(2018082400611004)
07/31/2018 - D
08/27/2018 - R
Mortgage
(2018082400611003)
07/31/2018 - D
08/09/2018 - R
Deed
(2018080801327001)
07/18/2018 - D
08/27/2018 - R
Assignment, Mortgage
(2018082400611002)
07/18/2018 - D
08/27/2018 - R
Assignment, Mortgage
(2018082400611001)
01/22/2008 - D
01/28/2008 - R
Satisfaction of Mortgage
(2008012300706001)
02/06/2007 - D
02/16/2007 - R
Satisfaction of Mortgage
(2007020600435001)
02/06/2007 - D
02/16/2007 - R
Assignment, Mortgage
(2007020600411001)
01/23/2007 - D
03/22/2007 - R
Mortgage
(2007020600235001)
09/25/2006 - D
02/13/2007 - R
Mortgage
(2007020800752001)
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R: Recorded date
D: Document date

Property Taxes for 488 Lexington Avenue, Brooklyn

Access detailed property tax data for 488 Lexington 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: $4,939
Estimated property tax: $5,214
Tax assessor's market value: $1,758,000
Assessed value: $105,480

Assessment History for 488 Lexington Avenue, Brooklyn

Here's the assessment & property tax history for 488 Lexington 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 $1,758,000 $105,480 $24,888 19.843% $4,939 $4,939 +4.72%
2024/25 $1,389,000 $83,340 $23,479 20.085% $4,716 $4,716 +3.65%
2023/24 $1,595,000 $95,700 $22,653 20.085% $4,550 $4,550 -1.10%
2022/23 $1,415,000 $84,900 $22,653 20.309% $4,601 $4,601 +5.23%
2021/22 $1,319,000 $79,140 $21,900 19.963% $4,372 $4,372 -4.52%

Permits for 488 Lexington Avenue, Brooklyn

The complete history of permits filed for 488 Lexington 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
12/10/2018 Alteration type 2
         
         
         
         
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Bedford-Stuyvesant Residential Market Stats

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

Median Sale Price
$840,000
-1.2% YoY
Median Price/Sqft
$903
1.2% 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 Nostrand Ave & Lafayette Ave at SW Corner
Station lines G
Distance (miles) 0.56
View subway map
Bus Routes
Name Throop Av/Gates Av
Line B43
Distance (miles) 0.08

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 25 Eubie Blake School 3 Yes Public PK, K-5 60 0.20
P.S. 25 Eubie Blake School 3 Yes Public PK, K-5 60 0.20
The Co-Op School NR No Private K-7 118 0.13
P.S. 44 Marcus Garvey 3 No Public PK, K-5 119 0.17
P.S. 44 Marcus Garvey 3 No Public PK, K-5 119 0.17

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
The Co-Op School NR No Private K-7 118 0.13
Unity Prep Charter School of Brooklyn 6 No Charter 6-12 558 0.17
Success Academy Charter School-Nyc 9 9 No Charter 5-8 232 0.20
Mount Pleasant Christian Academy NR No Private 1-12 0 0.25
Mt Pleasant Christian Academy NR No Private PK-12 10 0.27

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Boys and Girls High School 2 Yes Public 9-12 403 0.84
Unity Prep Charter School of Brooklyn 6 No Charter 6-12 558 0.17
Mount Pleasant Christian Academy NR No Private 1-12 0 0.25
Mt Pleasant Christian Academy NR No Private PK-12 10 0.27
Ember Charter School 7 No Charter K-12 423 0.31

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

Neighbors for 488 Lexington Avenue, Brooklyn

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

Address Square feet Purchase date Purchase price
423 Throop Ave, Brooklyn 4,875 12/20/2021
486 Lexington Ave, Brooklyn 4,635 09/19/2025 $10
419 Throop Ave, Brooklyn 4,875 08/15/2001
427 Throop Ave, Brooklyn 4,002 11/11/2016
490 A Lexington Ave, Brooklyn 1,920 03/01/2012 $355,000
425 Throop Ave, Brooklyn 2,400 11/22/2013 $609,932
490 Lexington Ave, Brooklyn 1,920 05/05/1995
492 Lexington Ave, Brooklyn 1,920 10/03/2019 $980,000
512 Lexington Ave, Brooklyn 1,974 09/15/2022 $830,000
516 Lexington Ave, Brooklyn 2,809 03/08/2023 $2,245,000
421 Throop Ave, Brooklyn 6,312 01/18/2013 $580,000
502 Lexington Ave, Brooklyn 5,508 12/30/2005 $8,671,757
431 Throop Ave, Brooklyn 1,500 10/18/2017 $1,030,000
254 Marcus Garvey Blvd, Brooklyn 5,248 06/30/2015 $2,672,679
482 Lexington Ave, Brooklyn 05/17/2022 $442,000
417 Throop Ave, Brooklyn 5,750 03/27/2023 $2,740,000
518 Lexington Ave, Brooklyn 2,052 06/15/2006
256 Marcus Garvey Blvd, Brooklyn 4,056 05/08/2017
258 Marcus Garvey Blvd, Brooklyn 4,056 04/02/2012 $492,358
433 Throop Ave, Brooklyn 2,200 09/30/2013
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