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488 Rockaway Parkway, Brooklyn, NY 11212 Property Information

488 Rockaway Parkway, Brooklyn, NY 11212 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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488 Rockaway Parkway, Brooklyn, NY 11212 1
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Address

Primary address 488 Rockaway Parkway
Neighborhood East Flatbush
Zip code 11212
Borough Brooklyn
Block & lot 04693-0071

Sales & Tax Overview for 488 Rockaway Parkway, Brooklyn

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

Purchase date 09/06/2023
Purchase price $3,900,000
Tax class
Estimated property tax $104,802

Lot & Building Information for 488 Rockaway Parkway, Brooklyn

Lot sq. ft. 10,000
Lot dimensions 100 ft x 100 ft
Property type Over Six Families without Stores (C1)
Building sqft 30,000
Building dimensions 100 ft x 89 ft
Buildings on lot 1
Stories 4
Year built 1927
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Zoning & Use for 488 Rockaway Parkway, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 39
Regulated units
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 18
Community district 17
Closest police station 0.76 Miles
Closest fire station 0.32 Miles

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

Other Property Data for 488 Rockaway Parkway, 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 Rockaway Parkway, Brooklyn, NY 11212, 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 Rockaway Parkway, Brooklyn, NY 11212, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 488 Rockaway Parkway, Brooklyn

What is the year built & the total sq. ft. for 488 Rockaway Parkway, Brooklyn, NY 11212?

488 Rockaway Parkway, Brooklyn, NY 11212 was built in 1927 and has a total of 30,000 square feet.

What is the assessed value of 488 Rockaway Parkway, Brooklyn, NY 11212 and the property tax paid?

Assessed at $963,900, the tax amount paid for 488 Rockaway Parkway, Brooklyn, NY 11212 is $99,132. For the next year, the tax amount for 488 Rockaway Parkway, Brooklyn, NY 11212 is estimated at $104,802.

When was 488 Rockaway Parkway, Brooklyn, NY 11212 last sold and what was the last sale price?

488 Rockaway Parkway, Brooklyn, NY 11212 was last sold in 09/06/2023 for $3,900,000.

How many residential units does this building have?

This building has 39 residential unit(s).

Ownership Information for 488 Rockaway Parkway, Brooklyn

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Property owner name for 488 Rockaway Parkway, Brooklyn, NY 11212
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Building contacts for 488 Rockaway Parkway, Brooklyn, NY 11212
Building management:
Representatives (from permits):
Tenants:
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Past Sales & Property History for 488 Rockaway Parkway, Brooklyn

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

Purchase date Purchase price Buyer name Seller name
09/06/2023 $3,900,000
03/18/2019 $6,500,000
       
       
       
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Title Documents for 488 Rockaway Parkway, 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
08/06/2025 - R UCC3 Termination
(2025073100408005)
07/28/2025 - D
08/06/2025 - R
Agreement
(2025073100408004)
07/28/2025 - D
08/06/2025 - R
Mortgage
(2025073100408003)
07/28/2025 - D
08/06/2025 - R
Assignment, Mortgage
(2025073100408002)
07/28/2025 - D
08/06/2025 - R
Termination of Assign of L&R
(2025073100408001)
09/20/2023 - R UCC3 Termination
(2023091300598008)
09/20/2023 - R Initial UCC1
(2023091300598007)
09/06/2023 - D
09/20/2023 - R
Assignment of Leases and Rents
(2023091300598006)
09/06/2023 - D
09/20/2023 - R
Agreement
(2023091300598005)
09/06/2023 - D
09/20/2023 - R
Mortgage
(2023091300598004)
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R: Recorded date
D: Document date

Property Taxes for 488 Rockaway Parkway, Brooklyn

Access detailed property tax data for 488 Rockaway Parkway, Brooklyn, NY 11212. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $99,133
Estimated property tax: $104,802
Tax assessor's market value: $2,142,000
Assessed value: $963,900

Assessment History for 488 Rockaway Parkway, Brooklyn

Here's the assessment & property tax history for 488 Rockaway Parkway, 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 $2,142,000 $963,900 $796,950 12.439% $99,133 $99,133 +0.53%
2024/25 $1,905,000 $857,250 $788,850 12.5% $98,606 $98,606 +4.58%
2023/24 $1,676,000 $754,200 $754,200 12.502% $94,290 $94,290 +7.56%
2022/23 $1,588,000 $714,600 $714,600 12.267% $87,660 $87,660 +3.12%
2021/22 $1,544,000 $694,800 $694,800 12.235% $85,009 $85,009 -17.70%

Permits for 488 Rockaway Parkway, Brooklyn

The complete history of permits filed for 488 Rockaway Parkway, 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
10/31/2024 Alteration
10/15/2024 Alteration
07/28/2020 Alteration
07/20/2020 Alteration
03/01/2020 Alteration
03/01/2020 Alteration
03/01/2020 Alteration
02/06/2020 Alteration
02/05/2020 Alteration
02/03/2020 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)
Hurricane evacuation zone: 6 (See more on map)

Transportation

Distance to Subway
Closest station Saratoga Ave & Livonia Ave at SW Corner
Station lines 3
Distance (miles) 0.344
View subway map
Bus Routes
Name Church Av/E 96 St
Line B35
Distance (miles) 0.042

Neighbors for 488 Rockaway Parkway, Brooklyn

Here are the neighbors for 488 Rockaway Parkway, Brooklyn, NY 11212.

Address Square feet Purchase date Purchase price
463 Rockaway Pkwy, Brooklyn 2,166 06/07/1996
475 Rockaway Pkwy, Brooklyn 2,166 07/14/2010
473 Rockaway Pkwy, Brooklyn 2,166 12/12/2025
426 Rockaway Pkwy, Brooklyn 36,099 01/02/1996
489 Rockaway Pkwy, Brooklyn 20,000 04/22/1975
461 Rockaway Pkwy, Brooklyn 2,166 05/22/2019
450 Rockaway Pkwy, Brooklyn 80,800 03/10/2015 $12,744,000
430 Rockaway Pkwy, Brooklyn 3,198 12/21/1981
459 Rockaway Pkwy, Brooklyn 2,166 02/02/2001
425 E 96th St, Brooklyn 79,800 03/20/2018
441 E 96th St, Brooklyn 5,343 10/01/2025 $1,225,000
467 Rockaway Pkwy, Brooklyn 2,166 05/22/2003 $340,000
466 Rockaway Pkwy, Brooklyn 25,600 02/25/2005
492 E 98th St, Brooklyn 3,520 12/17/2013
471 Rockaway Pkwy, Brooklyn 2,166 05/21/1996
469 Rockaway Pkwy, Brooklyn 2,166 05/24/2012 $10
440 Rockaway Pkwy, Brooklyn 3,198 06/01/2011
438 Rockaway Pkwy, Brooklyn 3,198 08/30/2006 $655,000
434 Rockaway Pkwy, Brooklyn 3,198 05/04/2022
443 E 96th St, Brooklyn 5,736 02/06/2006
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