New York City » 11223 » Lake St » 488 Lake St

488 Lake Street, Brooklyn, NY 11223 - Property report

Also known as: 488 Garage Lake St

Property image for 488 Lake Street, Brooklyn, NY 11223

Property type

Two Family Frame (B2)

Year built

1901

Lot sq. ft.

5,412

General information

Address

Primary address

488 Lake Street

Alternate address(es)

488 Garage Lake St

ZIP code

11223

Neighborhood

Gravesend

Borough

Brooklyn

Block & lot

07169-0009

Building

Property type

Two Family Frame (B2)

Building sq. ft.

1,680

Building dimensions

20 ft x 45 ft

Buildings on lot

Stories

Year built

1901

Building material

Frame

Exterior wall

Aluminum/Vinyl

Basement

Garage type

Detached, Frame Garage

Tax

Tax year

2026-2027

Property tax

$4,286

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Lake Street (narrow)

Nearest wide street

Avenue W

Distance to wide street

Lot dimensions

68.5 ft x 79 ft

Lot sq. ft.

5,412

Area overview

Walk score

91 /100. Walker's Paradise

Transit score

97 /100. Rider's Paradise

Bike score

67 /100. Bikeable

School district

Community district

Closest police station

0.77 Miles

Closest fire station

0.82 Miles

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

Ownership

Ownership information for 488 Lake Street, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 488 Lake Street, Brooklyn, NY 11223

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
11/18/2022 - R 11/01/2022 - D	Deed (2022111600782001)	XXXXXXXX XXXXXXX	XXXXXXXX XXXXXXX XXXXXXX
04/27/2022 - R 03/20/2022 - D	Deed (2022042000437001)	XXXXXXX XXXXXXXXX	XXXXXXX XXXXXXX
01/25/2007 - R 01/11/2007 - D	Agreement (2007012200625002)	XXXXXXX XXXXXXX	XXX XXXXX XXXXXXX XXXXXX XXXXX
01/25/2007 - R 01/11/2007 - D	Mortgage (2007012200625001)	XXXXXXX XXXXXXX	XXX XXXXX XXXXXXX XXXXXX XXXXX
01/25/2007 - R 01/10/2007 - D	Satisfaction of Mortgage (2007012200625003)	XXXXXX XXXXXX	XXXXXXXXX XXXXXXX XXXXXX XXXXX
09/22/2004 - R 06/25/2004 - D	Mortgage (2004091302341001)	XXXXXXX XXXXXXX	XXX XXXXX XXXXXXX XXXXXX XXXXX
08/24/2000 - R	Deed (3340007311734)	XXXXXX XXXXXX	XXXXXXX XXXXXXXX
05/22/2000 - R	Satisfaction of Mortgage (3030007225403)	XXXXXX XXX
05/08/2000 - R	Mortgage (3840007211684)	XXXXXX XXXXXX	XXXXXXXXX XXXXXXX XXXXXX XXXXX
05/11/1995 - R	Agreement (3700004767970)	XXXXXXXXX XXXXXXX XXXXXX XXXXX	XXXXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 488 Lake Street, 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

$4,286

Municipal exemptions

Recent tax assessments

Market value

$1,157,000

Assessed value

$69,420

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	$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%
2020/21	$976,000	$58,560	$18,158	21.045%	$9,023	$3,821	+5.98%
2019/20	$873,000	$52,380	$17,034	21.167%	$8,570	$3,606	+8.35%
2018/19	$981,000	$58,860	$15,908	20.919%	$8,020	$3,328	+9.69%
2017/18	$802,000	$48,120	$14,883	20.385%	$7,377	$3,034	+4.74%
2016/17	$943,000	$56,580	$14,489	19.991%	$7,144	$2,896	+2.69%

Permits

Permit information for 488 Lake Street, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Gravesend residential market stats

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.

Median sale price

$650,000

7% Y-o-Y

Median price/sq. ft.

$783

17.2% Y-o-Y

Brooklyn median sale price

$899,000

6% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

McDonald Ave & Avenue X at NW Corner

Station lines

Distance (miles)

0.102

View subway map

Access the detailed traffic volume map for 488 Lake Street, Brooklyn, NY 11223 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)
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
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
Our Lady of Grace Catholic Academy	NR	No	Private	PK-8	185	0.37
Sts. Simon & Jude Elementary School	NR	No	Private	PK, K-8	0	0.51
P.S. 212 Lady Deborah Moody	5	No	Public	PK, K-5	586	0.62

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
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
Sts. Simon & Jude Elementary School	NR	No	Private	PK, K-8	0	0.51
Ahi Ezer Yeshiva School	NR	No	Private	PK-8	149	0.57
Kingsborough Early College School	7	No	Public	6-12	743	0.60
Magen David Yeshivah School	NR	No	Private	PK, K-8	0	0.62
Is 303 Herbert S Eisenberg	4	No	Public	6-8	383	0.66

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
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
International High School At Lafayette	2	No	Public	9-12	353	0.60
High School Of Sports Management	2	No	Public	9-12	338	0.60
Life Academy High School For Film And Music	4	No	Public	9-12	251	0.60
Leaders High School	6	No	Public	9-12	372	0.60
Kingsborough Early College School	7	No	Public	6-12	743	0.60
Harma Inst of Secondary Education	NR	No	Private	12	0	0.62
Yeshivat Darche Eres Inc	NR	No	Private	PK-12	494	0.62

Nearby ZIP codes for 488 Lake Street, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11209, New York City, NY 11210, New York City, NY 11214, New York City, NY 11215, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11224, New York City, NY 11225, New York City, NY 11226, New York City, NY 11228, New York City, NY 11229, New York City, NY 11230, New York City, NY 11232, New York City, NY 11234, New York City, NY 11235, New York City, NY 11697, New York City, NY

Frequently asked questions

What is the year built for 488 Lake Street, Brooklyn, NY 11223?

The development at 488 Lake Street, Brooklyn, NY 11223 was built in 1901.

What is the total square footage of 488 Lake Street, Brooklyn, NY 11223?

488 Lake Street, Brooklyn, NY 11223 has a total of 1,680 square feet.

What is the assessed value of 488 Lake Street, Brooklyn, NY 11223?

488 Lake Street, Brooklyn, NY 11223 is currently assessed at $69,420.

What are the property taxes for 488 Lake Street, Brooklyn, NY 11223?

The property taxes for 488 Lake Street, Brooklyn, NY 11223 total $4,286.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

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.