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498 Central Avenue, Brooklyn, NY 11221 Property Information

498 Central Avenue, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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498 Central Avenue, Brooklyn, NY 11221 1
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Address

Primary address 498 Central Avenue
Neighborhood Bushwick
Zip code 11221
Borough Brooklyn
Block & lot 03382-0039

Sales & Tax Overview for 498 Central Avenue, Brooklyn

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

Purchase date 06/03/2016
Purchase price $1,280,000
Tax class
Estimated property tax $9,216

Lot & Building Information for 498 Central Avenue, Brooklyn

Lot sqft 1,875
Lot dimensions 18.75 ft x 100 ft
Building class Three Families (C0) i
Building sqft 2,925
Building dimensions 18.75 ft x 52 ft
Buildings on lot 1
Stories 3
Structure type Row
Building material C block + brick
Exterior wall Combination
Basement type Full
Year built 2006
Frontage(s) Central Avenue (narrow)
Nearest wide street Bushwick Avenue
Distance to wide street
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Zoning & Use for 498 Central Avenue, Brooklyn

Zoning
Residential units (DOF) 3
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 32
Community district 4
Closest police station 0.47 Miles
Closest fire station 0.33 Miles

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

Other Property Data for 498 Central Avenue, Brooklyn

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Floor area ratio (FAR) for 498 Central 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 498 Central Avenue, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 498 Central Avenue, Brooklyn

What is the year built & the total sq. ft. for 498 Central Avenue, Brooklyn, NY 11221?

498 Central Avenue, Brooklyn, NY 11221 was built in 2006 and has a total of 2,925 square feet.

What is the assessed value of 498 Central Avenue, Brooklyn, NY 11221 and the property tax paid?

Assessed at $75,000, the tax amount paid for 498 Central Avenue, Brooklyn, NY 11221 is $8,879. For the next year, the tax amount for 498 Central Avenue, Brooklyn, NY 11221 is estimated at $9,216.

When was 498 Central Avenue, Brooklyn, NY 11221 last sold and what was the last sale price?

498 Central Avenue, Brooklyn, NY 11221 was last sold in 06/03/2016 for $1,280,000.

How many residential units does this building have?

This building has 3 residential unit(s).

Ownership Information for 498 Central Avenue, Brooklyn

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Property owner name for 498 Central Avenue, Brooklyn, NY 11221
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Building contacts for 498 Central 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 498 Central Avenue, Brooklyn

Create a free account to view the complete sales history for 498 Central Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
06/03/2016 $1,280,000
02/19/2015 $610,000
03/05/2007 $760,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 498 Central 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
11/24/2020 - D
02/12/2021 - R
Agreement
(2021020900628002)
11/24/2020 - D
02/12/2021 - R
Mortgage
(2021020900628001)
02/27/2018 - D
03/07/2018 - R
Satisfaction of Mortgage
(2018030600481001)
06/03/2016 - D
06/23/2016 - R
Mortgage
(2016061401270002)
06/03/2016 - D
06/23/2016 - R
Deed
(2016061401270001)
01/25/2016 - D
01/24/2018 - R
Satisfaction of Mortgage
(2016012600546001)
06/18/2015 - D
08/27/2015 - R
Assignment, Mortgage
(2015061900616001)
03/25/2015 - D
04/02/2015 - R
Satisfaction of Mortgage
(2015032600036001)
03/18/2015 - D
03/23/2015 - R
Satisfaction of Mortgage
(2015031900252001)
02/19/2015 - D
03/18/2015 - R
Deed
(2015022301132001)
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R: Recorded date
D: Document date

Property Taxes for 498 Central Avenue, Brooklyn

Access detailed property tax data for 498 Central 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: $8,880
Estimated property tax: $9,216
Tax assessor's market value: $1,250,000
Assessed value: $75,000

Assessment History for 498 Central Avenue, Brooklyn

Here's the assessment & property tax history for 498 Central 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 $1,250,000 $75,000 $44,751 19.843% $8,880 $8,880 +4.72%
2024/25 $1,471,000 $88,260 $42,218 20.085% $8,479 $8,479 +6.00%
2023/24 $1,337,000 $80,220 $39,830 20.085% $8,000 $8,000 -1.10%
2022/23 $1,097,000 $65,820 $39,830 20.309% $8,089 $8,089 +4.69%
2021/22 $1,135,000 $68,100 $38,707 19.963% $7,727 $7,727 -1.55%

Permits for 498 Central Avenue, Brooklyn

The complete history of permits filed for 498 Central 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
07/10/2007 Alteration type 2
07/10/2007 Alteration type 2
10/17/2003 Alteration type 3
10/17/2003 Alteration type 3
08/04/2003 New building
08/04/2003 New building
08/04/2003 New building
08/04/2003 New building
08/04/2003 New building
08/04/2003 New building
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Bushwick Residential Market Stats

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

Median Sale Price
$775,000
-0.9% YoY
Median Price/Sqft
$921
2.3% 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 Weirfield St & Broadway at NE Corner
Station lines J
Distance (miles) 0.388
View subway map
Bus Routes
Name Wilson Av/Jefferson Av
Line B60
Distance (miles) 0.147

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 299 Thomas Warren Field School 3 Yes Public PK, K-5 197 0.21
P.S. 299 Thomas Warren Field School 3 Yes Public PK, K-5 197 0.21
Achievement First North Brooklyn Prep Charter School 7 No Charter K-8 851 0.17
P.S. 377 Alejandina B De Gautier 2 No Public PK, K-5 173 0.17
P.S. 377 Alejandina B De Gautier 2 No Public PK, K-5 173 0.17

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Jhs 291 Roland Hayes 3 Yes Public 6-8 267 0.30
Achievement First North Brooklyn Prep Charter School 7 No Charter K-8 851 0.17
Evergreen Middle School-Urban Exploration 4 No Public 6-8 342 0.25
St. Marks Lutheran Schools NR No Private PK, K-8 0 0.26
Bushwick Ascend Charter School 7 No Charter K-8 799 0.30

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Math, Eng, Science Academy Charter High 5 No Charter 9-12 515 0.30
Bushwick Community High School 2 No Public 9-12 86 0.30
Brooklyn School For Math And Research NR No Public 9-12 333 0.38
Bushwick School for Social Justice 2 No Public 9-12 272 0.38
Academy Of Urban Planning 5 No Public 9-12 403 0.38

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

Neighbors for 498 Central Avenue, Brooklyn

Here are the neighbors for 498 Central Avenue, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
154 Cornelia St, Brooklyn 2,499 05/25/2023
150 Cornelia St, Brooklyn 2,565 10/10/1974
1219 Jefferson Ave, Brooklyn 2,700 06/25/2015 $1,325,000
1215 Jefferson Ave, Brooklyn 2,260 09/27/2023 $1,570,000
494 Central Ave, Brooklyn 2,925 09/16/2019
156 Cornelia St, Brooklyn 2,499
1211 Jefferson Ave, Brooklyn 2,250 02/22/2013 $592,500
1205 Jefferson Ave, Brooklyn 2,700 12/23/2016
158 Cornelia St, Brooklyn 2,532 06/24/2010
1207 Jefferson Ave, Brooklyn 2,700 11/20/1972
162 Cornelia St, Brooklyn 2,532 09/23/2022
1223 Jefferson Ave, Brooklyn 2,700 11/08/2024 $1,935,000
1217 Jefferson Ave, Brooklyn 2,700 12/30/2022 $1,820,000
1203 Jefferson Ave, Brooklyn 2,688 07/20/1999
166 Cornelia St, Brooklyn 9,000 05/23/2006
164 Cornelia St, Brooklyn 2,110 05/19/2017
1225 Jefferson Ave, Brooklyn 3,600 11/08/2006
1221 Jefferson Ave, Brooklyn 2,700 08/30/2023
160 Cornelia St, Brooklyn 2,532 06/30/2011 $275,000
152 Cornelia St, Brooklyn 2,565 06/03/2022
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