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488 Marcus Garvey Boulevard, Brooklyn, NY 11216 Property Information

488 Marcus Garvey Boulevard, Brooklyn, NY 11216 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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488 Marcus Garvey Boulevard, Brooklyn, NY 11216 1
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Address

Primary address 488 Marcus Garvey Boulevard
Secondary address 488-490 Marcus Garvey Blvd
Neighborhood Bedford-Stuyvesant
Zip code 11216
Borough Brooklyn
Block & lot 01859-0029

Sales & Tax Overview for 488 Marcus Garvey Boulevard, Brooklyn

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

Purchase date 02/06/2019
Purchase price $2,350,000
Tax class
Estimated property tax $17,083

Lot & Building Information for 488 Marcus Garvey Boulevard, Brooklyn

Lot sqft 2,037
Lot dimensions 45.17 ft x 81.92 ft
Building class Elevator Apartment - Semi-Fireproof with Stores (D7)
Building sqft 12,287
Building dimensions 45 ft x 81 ft
Buildings on lot 1
Stories 6
Year built 2022
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Zoning & Use for 488 Marcus Garvey Boulevard, Brooklyn

Zoning
Residential units (DOF) 18
Regulated units
Commercial units 1
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 3
Closest police station 0.52 Miles
Closest fire station 0.29 Miles

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

Other Property Data for 488 Marcus Garvey Boulevard, 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 Marcus Garvey Boulevard, Brooklyn, NY 11216, 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 Marcus Garvey Boulevard, Brooklyn, NY 11216, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 488-490 Marcus Garvey Blvd, Brooklyn, NY 11216

About 488 Marcus Garvey Boulevard, Brooklyn

How many sq. ft. does 488 Marcus Garvey Boulevard, Brooklyn, NY 11216 have & what is the price per sq. ft?

This Elevator Apartment - Semi-Fireproof with Stores (D7) located at 488 Marcus Garvey Boulevard, Brooklyn, NY 11216 has a total of 12,287 square feet and a current price per square foot of $191.

What is the year built & the current market value of 488 Marcus Garvey Boulevard, Brooklyn, NY 11216?

488 Marcus Garvey Boulevard, Brooklyn, NY 11216 was built in 2022 and has a current tax assessor's market value of $2,680,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 488 Marcus Garvey Boulevard, Brooklyn

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Property owner name for 488 Marcus Garvey Boulevard, Brooklyn, NY 11216
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Building contacts for 488 Marcus Garvey Boulevard, Brooklyn, NY 11216
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 488 Marcus Garvey Boulevard, Brooklyn

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

Purchase date Purchase price Buyer name Seller name
02/06/2019 $2,350,000

Title Documents for 488 Marcus Garvey Boulevard, 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
07/16/2025 - R UCC3 Assignment
(2025071000679003)
05/29/2025 - D
07/16/2025 - R
Asgn of Asgn of L&R
(2025071000679002)
05/29/2025 - D
07/16/2025 - R
Assignment, Mortgage
(2025071000679001)
06/06/2024 - R UCC3 Termination
(2024053000635010)
06/06/2024 - R UCC3 Termination
(2024053000635009)
06/06/2024 - R Initial UCC1
(2024053000635006)
05/23/2024 - D
06/06/2024 - R
Termination of Assign of L&R
(2024053000635008)
05/23/2024 - D
06/06/2024 - R
Termination of Assign of L&R
(2024053000635007)
05/23/2024 - D
06/06/2024 - R
Assignment of Leases and Rents
(2024053000635005)
05/23/2024 - D
06/06/2024 - R
Agreement
(2024053000635004)
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R: Recorded date
D: Document date

Property Taxes for 488 Marcus Garvey Boulevard, Brooklyn

Access detailed property tax data for 488 Marcus Garvey Boulevard, Brooklyn, NY 11216. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $17,084
Estimated property tax: $17,083
Tax assessor's market value: $2,680,000
Assessed value: $1,206,000
Exemptions granted by city:

Assessment History for 488 Marcus Garvey Boulevard, Brooklyn

Here's the assessment & property tax history for 488 Marcus Garvey Boulevard, 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 $2,680,000 $1,206,000 $137,340 12.439% $141,257 $17,084 -87.68%
2024/25 $2,581,000 $1,161,450 $1,109,304 12.5% $138,663 $138,663 +3498.49%
2023/24 $223,000 $100,350 $30,822 12.502% $3,853 $3,853 +41.17%
2022/23 $224,000 $13,440 $13,440 20.309% $2,730 $2,730 -79.03%
2021/22 $269,000 $121,050 $121,050 10.755% $13,019 $13,019 -11.36%

Permits for 488 Marcus Garvey Boulevard, Brooklyn

The complete history of permits filed for 488 Marcus Garvey Boulevard, 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
03/04/2024 Alteration
09/05/2023 Alteration
09/05/2023 Alteration
12/06/2022 Alteration
10/03/2022 Alteration
09/16/2022 Alteration
05/11/2022 Alteration
04/12/2022 Alteration
04/28/2021 Alteration
04/28/2021 Alteration
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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
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% 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) 0.131
View subway map
Bus Routes
Name Fulton St/Marcus Garvey Bl
Line B25
Distance (miles) 0.026

Neighbors for 488 Marcus Garvey Boulevard, Brooklyn

Here are the neighbors for 488 Marcus Garvey Boulevard, Brooklyn, NY 11216.

Address Square feet Purchase date Purchase price
1589 Fulton St, Brooklyn 3,410 01/01/2021
1257 Bedford Ave, Brooklyn 3,360 01/30/2013 $10,000
3 Albany Ave, Brooklyn 3,000 10/21/2020 $15,000,000
1591 Fulton St, Brooklyn 1,145 02/20/2002
140 Decatur St, Brooklyn 1,440 04/01/2005 $356,300
132 Decatur St, Brooklyn 3,600 09/17/2024 $1,875,000
1255 Bedford Ave, Brooklyn 8,400 02/26/2019 $1,300,000
474 Marcus Garvey Blvd, Brooklyn 2,904 08/28/2024
134 Decatur St, Brooklyn 3,600 09/01/2021 $1,650,000
1 Albany Ave, Brooklyn 3,336 10/21/2020 $15,000,000
138 Decatur St, Brooklyn 2,880 08/22/2001
1583 Fulton St, Brooklyn 2,640 08/09/2002
472 Marcus Garvey Blvd, Brooklyn 7,698 10/05/2012
136 Decatur St, Brooklyn 3,600 12/06/2019
1587 Fulton St, Brooklyn 5,202 07/02/2015 $1,300,000
476 Marcus Garvey Blvd, Brooklyn 9,800 03/16/2001
1192 Fulton St, Brooklyn 22,505 10/11/2005
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