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Sold
  • $1,650,000

    488 Central Ave, Brooklyn, NY 11221

    9beds
    4,018sqft
    Rental Unit
    Built in 2003
    -- sqft lot
    $1,820,400 Zestimate®
    $411/sqft
    $7,938 Estimated rent

    Home value

    $1,820,400

    $1.66M - $2.00M

    $7,938/mo

    Zestimate® history
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    $10,572/mo

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    What's special

    Private backyardAdditional bedrooms and bathroomsSpacious great roomPrivate balconyFinished windowed basement spaceFully equipped kitchenFlexible layout
    Welcome to 488 Central Avenue, a contemporary multi-family property in the highly desirable Bushwick neighborhood of Brooklyn. Constructed in 2003, this three-story building features a flexible layout with three residential units and the added convenience of deeded parking. The property boasts over 3,015 square feet of living space, plus an additional 1,004 square feet of finished windowed basement space, complete with a large recreation area, ample storage, and a spacious great room ideal for entertaining. The highlight of this property is the first-floor owner’s duplex, which includes a private backyard and deeded parking. This generous unit offers three bedrooms, an office, and three full bathrooms, providing both comfort and functionality. The ground floor features a spacious bedroom, a well-designed kitchen, and an open living and dining area. The upper level continues with additional bedrooms and bathrooms, ensuring ample privacy and convenience. The second unit spans the parlor and second floors and includes a primary bedroom with access to a private balcony, adding a charming outdoor retreat. The third-floor unit features a well-proportioned living and dining area, a fully equipped kitchen, three bedrooms, and a full bathroom—making it an excellent choice for families or as additional rental income. Each unit is meticulously designed to maximize space, making 488 Central Avenue a prime opportunity for both homeowners and investors. Situated in a highly sought neighborhood, you’ll enjoy easy access to local transit options, including the J, M, and L subway lines, and be immersed in Bushwick’s vibrant arts, dining, and cultural scene. This property offers a strong investment opportunity for both investors and homeowners, allowing them to offset the mortgage through multiple rental income streams.

    Zillow last checked:

    Listing updated:

    Listed by:

    Mark Martov,

    Corcoran,

    Brooke Koropatnick

    Source: StreetEasy,MLS#: S1735104

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 5
    • Full bathrooms: 5
    Appliances
    • Included: Dishwasher, Washer/Dryer
    • Laundry: Inside
    Features
    • Flooring: Hardwood
    • Has fireplace: No
    Interior area
    • Total structure area: 4,018
    • Total interior livable area: 4,018 sqft

    Property

    Features
    • Patio & porch: Other
    • Exterior features: Balcony, Garden
    • Has view: Yes
    • View description: Garden
    Details
    • Parcel number: 033750138
    • Special conditions: Resale

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Rental Unit
    Condition
    • Year built: 2003

    Community & HOA

    Community
    • Subdivision: Bushwick
    HOA
    • Has HOA: Yes
    • Amenities included: Laundry
    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $411/sqft
    • Tax assessed value: $1,221,000
    • Annual tax amount: $8,808
    • Date on market: 9/17/2024

    Price history

    DateEventPrice
    3/3/2025Sold$1,650,000-2.9%$411/sqft
    Source: Public Record Report a problem
    11/29/2024Contingent$1,699,995$423/sqft
    Source: StreetEasy #S1735104 Report a problem
    9/17/2024Listed for sale$1,699,995+312.7%$423/sqft
    Source: StreetEasy #1735104 Report a problem
    8/3/2005Sold$411,878$103/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,974 -1.2%$73,260 -0.7%
    2024$9,083 $73,800 -10%
    2023-- $82,020 +7%
    2022-- $76,620 +8.3%
    2021-- $70,740 -8.4%
    2020$5,703 +12.4%$77,220
    2019$5,075 -34.4%$77,220 +108.7%
    2018$7,742 +7.6%$37,008 +4.9%
    2017$7,193 +151.9%$35,286 +6%
    2016$2,855 $33,289 +6%
    2015$2,855 +195.5%$31,406
    2014$966 $31,406 +1.8%
    2013-- $30,840 +4.9%
    2012-- $29,405 +6%
    2011-- $27,741 +6%
    2010-- $26,172
    2009-- $26,172 +0.8%
    2008-- $25,975 +6%
    2007-- $24,505 +6%
    2006-- $23,118 +6%
    2005-- $21,810 -12.7%
    2004-- $24,978 +4474.7%
    2003-- $546 +5.8%
    2002-- $516 +6%
    2001-- $487 +5.9%
    2000-- $460
    Find assessor info on the county website

    Neighborhood: Bushwick

    Nearby schools

    GreatSchools rating