New York City  »  11208  »  Shepherd Ave  »  488 Shepherd Ave

488 Shepherd Avenue, Brooklyn, NY 11208 - Property report

Also known as: 488 Shepherd Ave

Property image for 488 Shepherd Avenue, Brooklyn, NY 11208
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Property type

Two Family Brick (B1)

Year built

1930

Lot sq. ft.

4,650

Sale price

$320,250

General information

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Address
Primary address
488 Shepherd Avenue
ZIP code
11208
Neighborhood
East New York
Borough
Brooklyn
Block & lot
04036-0025

Owner

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Building
Property type
Two Family Brick (B1)
Building sq. ft.
1,800
Building dimensions
20 ft x 55 ft
Buildings on lot
1
Stories
2
Year built
1930
Building material
Brick
Exterior wall
Stucco
Basement
4
Sales
Sale date
07/16/2003
Sale price
$320,250
Tax
Tax year
2026-2027
Property tax
$2,929
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
Shepherd Avenue (narrow)
Nearest wide street
Sutter Avenue
Distance to wide street
Lot dimensions
46.5 ft x 100 ft
Lot sq. ft.
4,650

Area overview

Walk score
66 /100.  Somewhat Walkable
Transit score
100 /100.  Rider's Paradise
Bike score
66 /100.  Bikeable
School district
19
Community district
5
Closest police station
0.07 Miles
Closest fire station
0.53 Miles

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

Ownership

Ownership information for 488 Shepherd Avenue, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 488 Shepherd Avenue, Brooklyn, NY 11208

Sale date Sale price Buyer name Seller name
07/16/2003 $320,250 XXXXXX, XXXXXXX XXX XXXXX, XXXXX XXXXXX, XXXXXXX XXX XXXXX, XXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/10/2025 - R UCC3 Continuation
(2025070900456001)		 XXXXXX XXXXXXX XXXXXX XXXXXXXXXX XXXXX XXXXX XX XXXXXXXXXX XXXX
07/21/2023 - R
07/05/2023 - D		 Satisfaction of Mortgage
(2023072000672001)		 XXXXX XXXXX XXX XXXXXXXXXXXX XX XXXXXX XXXXXXXX
08/10/2020 - R Initial UCC1
(2020080600695001)		 XXXXXX XXXXXXX XXXXXX XXXXXXXXXX XXXXX XXXXX XX XXXXXXXXXX XXXX
12/10/2018 - R
11/16/2018 - D		 Mortgage
(2018120400612001)		 XXXXX XXXXX XXX XXXXXXXXXXXX XX XXXXXX XXXXXXXX
07/27/2005 - R
07/08/2005 - D		 Satisfaction of Mortgage
(2005072002334001)		 XXXXXX XXXXXXX
07/25/2005 - R
06/24/2005 - D		 Mortgage
(2005071100930001)		 XXXXXX XXXXXXX XXX XXXXXXX XXXXXXXX XXXXXXXXXXX
10/03/2003 - R Satisfaction of Mortgage
(2003081400594001)		 XXXXXX XXXXXXX XXXXXX XXXXXXXX XXXXXXX XXX
02/09/2004 - R
07/23/2003 - D		 Agreement
(2003120501058001)		 XXXXX XXXXX XXXXXX XXXXXXXX XXXXXXX XXX
09/29/2003 - R
07/16/2003 - D		 Mortgage
(2003081301572002)		 XXXXXX XXXXXXX XXXXXX XXXXXXXX XX XXX
09/29/2003 - R
07/16/2003 - D		 Deed
(2003081301572001)		 XXXXXX XXXXXXX XXXXXX XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 488 Shepherd 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
$2,929
Municipal exemptions
Recent tax assessments
Market value
$779,000
Assessed value
$46,740

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 $593,000 $35,580 $14,759 19.843% $2,929 $2,929 +2.53%
2024/25 $657,000 $39,420 $14,221 20.085% $2,856 $2,856 +301.86%
2023/24 $722,000 $43,320 $13,436 20.085% $2,699 $711 +14.71%
2022/23 $791,000 $47,460 $12,839 20.309% $2,607 $620 +32.68%
2021/22 $868,000 $52,080 $12,299 19.963% $2,455 $467 -81.96%
2020/21 $745,000 $44,700 $12,299 21.045% $2,588 $2,588 +3.18%
2019/20 $699,000 $41,940 $11,851 21.167% $2,509 $2,509 +7.10%
2018/19 $806,000 $48,360 $11,197 20.919% $2,342 $2,342 +7.40%
2017/18 $740,000 $44,400 $10,699 20.385% $2,181 $2,181 +6.45%
2016/17 $548,000 $32,880 $10,249 19.991% $2,049 $2,049 +2.23%
Permits

Permit information for 488 Shepherd Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
11/23/2018 Alteration
10/10/2018 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

East New York (part A) residential market stats

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

Median sale price

—

Median price/sq. ft.

—

Brooklyn median sale price

$899,000

6% Y-o-Y

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

Risk

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
5

Subway & traffic

Closest station
Shepherd Ave & Pitkin Ave at SE Corner
Station lines
A-C
Distance (miles)
0.107
View subway map

Access the detailed traffic volume map for 488 Shepherd Avenue, Brooklyn, NY 11208 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)
East New York Elementary School Of Excellence 2 Yes Public PK, K-5 370 0.22
East New York Elementary School Of Excellence 2 Yes Public PK, K-5 370 0.22
P.S. 158 Warwick 5 No Public PK, K-5 402 0.23
P.S. 158 Warwick 5 No Public PK, K-5 402 0.23
P.S. 345 Patrolman Robert Bolden 5 No Public PK, K-5 517 0.27
P.S. 345 Patrolman Robert Bolden 5 No Public PK, K-5 517 0.27
Achievement First Apollo Charter School 6 No Charter K-8 912 0.37
Salve Regina Catholic Academy NR No Private PK-8 412 0.42
Salve Regina Catholic Academy NR No Private PK-8 412 0.42
Central Brooklyn Ascend Charter 3 NR No Charter K-3 113 0.42
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Vista Academy 7 Yes Public 6-8 418 0.37
Liberty Avenue Middle School 4 Yes Public 6-8 439 0.37
East New York Middle School Of Excellence 4 No Public 6-8 239 0.22
Jhs 218 James P Sinnott 4 No Public 6-8 305 0.36
Achievement First Apollo Charter School 6 No Charter K-8 912 0.37
Salve Regina Catholic Academy NR No Private PK-8 412 0.42
Salve Regina Catholic Academy NR No Private PK, K-8 0 0.44
St. Michael School NR No Private PK, K-8 0 0.44
Followers of Jesus School NR No Private 1-12 36 0.46
P.S. 89 Cypress Hills 3 No Public PK, K-8 474 0.49
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
The School For Classics: An Academy Of Thinkers 2 No Public 9-12 269 0.36
Followers of Jesus School NR No Private 1-12 36 0.46
Transit Tech Career and Technical Education High School 4 No Public 9-12 805 0.53
W H Maxwell Career and Technical Education High School 2 No Public 9-12 408 0.81
East New York Family Academy 5 No Public 6-12 659 0.84
World Academy For Total Community Health 2 No Public 9-12 132 0.86
Performing Arts and Technology High School 6 No Public 9-12 319 0.86
High School For Civil Rights 2 No Public 9-12 140 0.86
Captain Vernon a Richards High School-Fire 3 No Public 9-12 223 0.86
P.S. 36 NR No Public PK, K-12 388 0.90

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 488 Shepherd Avenue, Brooklyn, NY

510 Shepherd Ave, Brooklyn 784 Belmont Ave, Brooklyn 479 Essex St, Brooklyn 790 Belmont Ave, Brooklyn 477 Essex St, Brooklyn 498 Shepherd Ave, Brooklyn 499 Essex St, Brooklyn 490 Shepherd Ave, Brooklyn 496 Shepherd Ave, Brooklyn 778 Belmont Ave, Brooklyn 495 Essex St, Brooklyn 485 Essex St, Brooklyn 471 Essex St, Brooklyn 786 Belmont Ave, Brooklyn 780 Belmont Ave, Brooklyn 467 Essex St, Brooklyn 469 Essex St, Brooklyn 494 Shepherd Ave, Brooklyn 489 Essex St, Brooklyn 493 Essex St, Brooklyn

Nearby ZIP codes for 488 Shepherd Avenue, Brooklyn, NY

11207, New York City, NY 11212, New York City, NY 11221, New York City, NY 11233, New York City, NY 11236, New York City, NY 11237, New York City, NY 11239, New York City, NY 11374, New York City, NY 11375, New York City, NY 11379, New York City, NY 11385, New York City, NY 11414, New York City, NY 11415, New York City, NY 11416, New York City, NY 11417, New York City, NY 11418, New York City, NY 11419, New York City, NY 11420, New York City, NY 11421, New York City, NY 11424, New York City, NY

Frequently asked questions

What is the year built for 488 Shepherd Avenue, Brooklyn, NY 11208?

The development at 488 Shepherd Avenue, Brooklyn, NY 11208 was built in 1930.

What is the total square footage of 488 Shepherd Avenue, Brooklyn, NY 11208?

488 Shepherd Avenue, Brooklyn, NY 11208 has a total of 1,800 square feet.

When was 488 Shepherd Avenue, Brooklyn, NY 11208 last sold and what was the sale price?

488 Shepherd Avenue, Brooklyn, NY 11208 was last sold on 07/16/2003 for $320,250.

What is the assessed value of 488 Shepherd Avenue, Brooklyn, NY 11208?

488 Shepherd Avenue, Brooklyn, NY 11208 is currently assessed at $46,740.

What are the property taxes for 488 Shepherd Avenue, Brooklyn, NY 11208?

The property taxes for 488 Shepherd Avenue, Brooklyn, NY 11208 total $2,928.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

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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.

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