| Primary address | 488 Lake Street |
| Secondary address | 488 Garage Lake St |
| Neighborhood | Gravesend |
| Zip code | 11223 |
| Borough | Brooklyn |
| Block & lot | 07169-0009 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Tax class | Register |
| Estimated property tax | $4,296 |
| Lot sqft | 5,412 |
| Lot dimensions | |
| Building class | Two Family Frame (B2) |
| Building sqft | 1,680 |
| Building dimensions | |
| Buildings on lot | 2 |
| Stories | 2 |
| Structure type | Old style |
| Building material | Frame |
| Exterior wall | Aluminum/vinyl |
| Basement type | Full |
| Garage type | Detached, frame garage |
| Year built | 1901 |
| Frontage(s) | Lake Street (narrow) |
| Nearest wide street | Avenue W |
| Distance to wide street | Register |
| School district | 21 |
| Community district | 15 |
| Closest police station | 0.77 Miles |
| Closest fire station | 0.82 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
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You will find all alternate addresses for the property in this section.
488 Lake Street, Brooklyn, NY 11223 was built in 1901 and has a total of 1,680 square feet.
What is the assessed value of 488 Lake Street, Brooklyn, NY 11223 and the property tax paid?Assessed at $69,540, the tax amount paid for 488 Lake Street, Brooklyn, NY 11223 is $4,295. For the next year, the tax amount for 488 Lake Street, Brooklyn, NY 11223 is estimated at $4,296.
When was 488 Lake Street, Brooklyn, NY 11223 last sold?488 Lake Street, Brooklyn, NY 11223 was last sold in 11/01/2022.
How many residential units does this building have?This building has 2 residential unit(s).
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
Create a free account to view the complete sales history for 488 Lake Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
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.
R: Recorded date
D: Document date
Access detailed property tax data for 488 Lake Street, Brooklyn, NY 11223. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $4,295 |
| Estimated property tax: | $4,296 |
| Tax assessor's market value: | $1,159,000 |
| Assessed value: | $69,540 |
| Exemptions granted by city: | Register |
Here's the assessment & property tax history for 488 Lake Street, 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 | $1,159,000 | $69,540 | $21,645 | 19.843% | $10,209 | $4,295 | +4.04% |
| 2024/25 | $1,105,000 | $66,300 | $20,553 | 20.085% | $9,758 | $4,128 | +7.04% |
| 2023/24 | $1,157,000 | $69,420 | $19,201 | 20.085% | $9,240 | $3,857 | +5.13% |
| 2022/23 | $1,138,000 | $68,280 | $18,062 | 20.309% | $8,819 | $3,668 | +1.73% |
| 2021/22 | $1,061,000 | $63,660 | $18,063 | 19.963% | $8,561 | $3,606 | -5.64% |
The complete history of permits filed for 488 Lake Street, 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.
Access a detailed real estate market overview of Gravesend so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Gravesend and compare it to other neighborhoods in Brooklyn.
Check out recently sold homes in Brooklyn and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
| Hurricane evacuation zone: | 2 (See more on map) |
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Distance to Subway
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| Closest station | McDonald Ave & Avenue X at NW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | F | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.102 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 86 St/Van Sicklen St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.058 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| P.S. 95 The Gravesend | 7 | Yes | Public | K-8 | 940 | 0.28 |
| Big Apple Academy | NR | No | Private | TK-8 | 888 | 0.08 |
| Big Apple Academy | NR | No | Private | TK-8 | 888 | 0.08 |
| P.S. 216 Arturo Toscanini | 6 | No | Public | PK, K-5 | 690 | 0.30 |
| P.S. 216 Arturo Toscanini | 6 | No | Public | PK, K-5 | 690 | 0.30 |
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| Is 228 David A Boody | 7 | Yes | Public | 6-8 | 1,551 | 0.62 |
| Big Apple Academy | NR | No | Private | TK-8 | 888 | 0.08 |
| P.S. 95 The Gravesend | 7 | No | Public | K-8 | 940 | 0.28 |
| P.S. 721 Brooklyn Occupational Training Center | NR | No | Public | K-3, 5-7, 9-12 | 454 | 0.34 |
| Our Lady of Grace Catholic Academy | NR | No | Private | PK-8 | 185 | 0.37 |
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| P.S. 721 Brooklyn Occupational Training Center | NR | No | Public | K-3, 5-7, 9-12 | 454 | 0.34 |
| John Dewey High School | 4 | No | Public | 9-12 | 2,150 | 0.43 |
| Yeshivat Magen Abraham | NR | No | Private | 9-12 | 39 | 0.54 |
| Life Academy High School For Film And Music | 4 | No | Public | 9-12 | 251 | 0.60 |
| Kingsborough Early College School | 7 | No | Public | 6-12 | 743 | 0.60 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for 488 Lake Street, Brooklyn, NY 11223.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 2925 86th St, Brooklyn | 2,583 | 08/26/2019 | |
| 520 Lake St, Brooklyn | 1,182 | 06/07/2013 | $10 |
| 524 Lake St, Brooklyn | 3,096 | 06/07/2013 | $10 |
| 2881 86th St, Brooklyn | 1,440 | 05/08/2017 | $788,000 |
| 490 Lake St, Brooklyn | 1,056 | 01/03/2022 | $865,000 |
| 506 Lake St, Brooklyn | 1,618 | 07/28/2015 | $770,000 |
| 508 Lake St, Brooklyn | 1,345 | 04/13/2023 | $907,000 |
| 516 Lake St, Brooklyn | 1,088 | 08/30/1967 | |
| 220 Avenue W, Brooklyn | 2,464 | 04/17/2018 | $1,120,000 |
| 218 Avenue W, Brooklyn | 2,464 | 02/24/2017 | $1,130,000 |
| 2885 86th St, Brooklyn | 1,440 | 02/12/2019 | $850,000 |
| 2889 86th St, Brooklyn | 3,450 | 06/11/2014 | |
| 502 Lake St, Brooklyn | 2,511 | ||
| 2911 86th St, Brooklyn | 77,000 | 08/30/2011 | |
| 2879 86th St, Brooklyn | 2,160 | 08/02/2023 | |
| 522 Van Sicklen St, Brooklyn | 1,296 | 09/22/1987 | |
| 516 Van Sicklen St, Brooklyn | 1,296 | 09/23/2003 | $305,000 |
| 518 Lake St, Brooklyn | 1,106 | 04/03/2008 | |
| 520 Van Sicklen St, Brooklyn | 1,296 | 12/22/2005 | |
| 499 Van Sicklen St, Brooklyn | 2,222 | 12/11/2015 | $1 |
