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488 Jefferson Avenue, Brooklyn, NY 11221 Property Information

488 Jefferson Avenue, Brooklyn, NY 11221 Property Information

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

Primary address 488 Jefferson Avenue
Secondary address 364-378 Marcus Garvey Blvd
Neighborhood Bedford-Stuyvesant
Zip code 11221
Borough Brooklyn
Block & lot 01836-0048

Sales & Tax Overview for 488 Jefferson Avenue, Brooklyn

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Tax class

Lot & Building Information for 488 Jefferson Avenue, Brooklyn

Lot sq. ft. 2,400
Lot dimensions 24 ft x 100 ft
Property type Single or Multiple Dwelling with Stores or Offices (S9)
Building sqft 7,080
Building dimensions 24 ft x 65 ft
Buildings on lot 1
Stories 4
Year built 1900
Construction type
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Zoning & Use for 488 Jefferson Avenue, Brooklyn

Zoning
Residential units (DOF) 6
Regulatory status Rent stabilized
Stabilized units 6
Commercial units 3
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 3
Closest police station 0.41 Miles
Closest fire station 0.14 Miles

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

Other Property Data for 488 Jefferson Avenue, Brooklyn

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 Jefferson 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 Jefferson Avenue, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 364-378 Marcus Garvey Blvd, Brooklyn, NY 11221

About 488 Jefferson Avenue, Brooklyn

How many square feet does 488 Jefferson Avenue, Brooklyn, NY 11221 have?

This Single or Multiple Dwelling with Stores or Offices (S9) located at 488 Jefferson Avenue, Brooklyn, NY 11221 has a total of 7,080 square feet.

What is the year built & the current market value of 488 Jefferson Avenue, Brooklyn, NY 11221?

488 Jefferson Avenue, Brooklyn, NY 11221 was built in 1900 and has a current tax assessor's market value of $1,194,000.

How many commercial spaces does this building have?

This building has 3 commercial spaces available for lease.

Ownership Information for 488 Jefferson Avenue, Brooklyn

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Property owner name for 488 Jefferson Avenue, Brooklyn, NY 11221
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Building contacts for 488 Jefferson Avenue, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Jun 11, 2026 NYC Business Leaders on RTO: Survey Reveals Hybrid Still Dominates, Office Attendance Set to Rise
Huble’s recent survey of 126 founders, CEOs and other decision-makers in New York City’s startup ecosystem revealed how local business leaders are approaching workplace strategy in 2026 and beyond.
Lucian Alixandrescu, May 27, 2026 NYC Office Market Ahead of National Curve: Manhattan Q1 Vacancy Drops to 13.1% 
New York City’s office market outpaced the U.S. on several major metrics in Q1, with Manhattan vacancy nearly 5 percentage points below the national benchmark, asking rents climbing against a downward national trend and flex inventory crossing 15 million square feet.
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Past Sales & Property History for 488 Jefferson Avenue, Brooklyn

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No recorded sales for this property.

Title Documents for 488 Jefferson 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
05/10/2006 - R
04/25/2006 - D
Satisfaction of Mortgage
(2006042701615001)
05/26/2006 - R
04/06/2006 - D
Satisfaction of Mortgage
(2006041400866001)
05/26/2006 - R
04/04/2006 - D
Termination of Assign of L&R
(2006041400900001)
05/08/2006 - R
03/16/2006 - D
Initial UCC1
(2006031600527004)
05/08/2006 - R
03/10/2006 - D
Assignment of Leases and Rents
(2006031600527002)
05/08/2006 - R
03/10/2006 - D
Mortgage
(2006031600527001)
04/17/2006 - R
03/01/2006 - D
Termination of Assign of L&R
(2006030802015001)
04/17/2006 - R
03/01/2006 - D
Satisfaction of Mortgage
(2006030801989001)
05/08/2006 - R
03/16/2001 - D
Initial UCC1
(2006031600527003)
07/30/1999 - R Satisfaction of Mortgage
(3230006762423)
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R: Recorded date
D: Document date

Property Taxes for 488 Jefferson Avenue, Brooklyn

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

Tax year: 2026-2027
Property tax: $16,235
Tax assessor's market value: $1,194,000
Assessed value: $537,300

Assessment History for 488 Jefferson Avenue, Brooklyn

Here's the assessment & property tax history for 488 Jefferson 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 $995,000 $447,750 $126,433 12.439% $15,727 $15,727 +7.46%
2024/25 $1,061,000 $477,450 $117,083 12.5% $14,635 $14,635 +7.97%
2023/24 $985,000 $443,250 $108,423 12.502% $13,555 $13,555 +10.07%
2022/23 $821,000 $369,450 $100,395 12.267% $12,315 $12,315 +0.26%
2021/22 $657,100 $295,695 $100,395 12.235% $12,283 $12,283 +2.96%

Permits for 488 Jefferson Avenue, Brooklyn

The complete history of permits filed for 488 Jefferson 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
02/21/2025 Alteration
10/24/2019 Alteration
02/25/2004 Alteration type 2
02/09/2004 Alteration type 2
02/04/2003 Alteration type 2
03/27/2002 Alteration type 2
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Brooklyn Commercial Market Stats

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

Median Price/Sqft Q1/2026
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% 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 Throop Ave & Fulton St at NE Corner
Station lines A-C
Distance (miles) 0.315
View subway map

Neighbors for 488 Jefferson Avenue, Brooklyn

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

Address Square feet Purchase date Purchase price
423 Hancock St, Brooklyn 2,800 01/30/2013
480 Jefferson Ave, Brooklyn 3,240 03/14/2022
478 Jefferson Ave, Brooklyn 3,152 01/30/2018 $1,400,000
437 Hancock St, Brooklyn 2,800 07/09/2013 $830,000
476 Jefferson Ave, Brooklyn 3,152 06/22/2015 $1,200,000
472 Jefferson Ave, Brooklyn 3,152 08/18/1978
433 Hancock St, Brooklyn 3,192 06/02/2015 $264,858
482 Jefferson Ave, Brooklyn 3,240 03/26/2026 $2,675,000
474 Jefferson Ave, Brooklyn 3,152 10/31/2003 $486,940
484 Jefferson Ave, Brooklyn 3,240 02/15/2023
468 Jefferson Ave, Brooklyn 3,168 08/05/1987
380 Marcus Garvey Blvd, Brooklyn 8,125 04/29/2014 $1,425,000
435 Hancock St, Brooklyn 3,591 03/09/1995
486 Jefferson Ave, Brooklyn 3,240 12/17/2001
470 Jefferson Ave, Brooklyn 3,152 10/30/1996
439 Hancock St, Brooklyn 3,700 12/26/2007
431 Hancock St, Brooklyn 3,192 04/07/2003
429 Hancock St, Brooklyn 3,192 11/11/2013
425 Hancock St, Brooklyn 3,192 07/21/2015 $1,643,794
427 Hancock St, Brooklyn 3,192 10/13/2025
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