PARK SLOPE LIVE WORK OR INVEST
Park Slope four family townhouse offering endless possibilities. This well maintained four story property with full basement is perfect for the investor seeking income or a 1031 exchange. The building has seen many upgrades and improvements including plumbing, electrical, mechanical, new kitchens, and baths. The four two plus bedroom apartments are occupied and provide a stable rent roll. The property is easily adaptable for other usage as well. For the business owner the first floor can be used commercially, and those seeking a live workspace can combine units to meet their requirements.
Prospect Park with its weekly farmer's markets and top summer entertainment at the Prospect Park Bandshell, are just a few of blocks away. Close to all the neighborhood's great restaurants, schools, shops, and the Nighthawk Movie Theater! Easily accessible to Manhattan and other areas of Brooklyn by several subway lines and two bus lines at your front door. Email (do not call or text listing agents for more details or a setup) All showings by appointment only.
Sold for $2,500,000
$2,500,000
489 7th Ave, Brooklyn, NY 11215
8beds
3,900sqft
MultiFamily
Built in 1920
-- sqft lot
$3,056,800 Zestimate®
$641/sqft
$6,522 Estimated rent
Home value
$3,056,800
$2.54M - $3.64M
$6,522/mo
Zestimate® history
Owner options
List your home for rent
$6,522/mo
Rent Zestimate®
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$6,522/mo
Rent Zestimate®
Refinance and save
$14,893/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$14,893/mo
Est. payment
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List your homeWhat's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Included: Dishwasher, Range / Oven, Refrigerator
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 3,900 sqft
Property
Lot
- Size: 1,485 sqft
Details
- Parcel number: 011120006
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1920
Community & neighborhood
Location
- Region: Brooklyn
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2024 | Sold | $2,500,000-2%$641/sqft |
Source: Public Record Report a problem | ||
| 1/5/2024 | Listing removed | $2,550,000$654/sqft |
Source: StreetEasy Report a problem | ||
| 11/17/2023 | Listed for sale | $2,550,000-5.4%$654/sqft |
Source: StreetEasy Report a problem | ||
| 11/10/2023 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 7/7/2023 | Listed for sale | $2,695,000+72.8%$691/sqft |
Source: StreetEasy Report a problem | ||
| 6/20/2016 | Listing removed | $3,100+3.3%$1/sqft |
Source: Ideal Properties Group LLC Report a problem | ||
| 2/17/2016 | Listing removed | $3,000$1/sqft |
Source: idealpropertiesgroup.com Report a problem | ||
| 1/8/2016 | Listed for rent | $3,000$1/sqft |
Source: idealpropertiesgroup.com Report a problem | ||
| 4/27/2006 | Sold | $1,560,000+1305.4%$400/sqft |
Source: Public Record Report a problem | ||
| 5/31/2000 | Sold | $111,000-68.3%$28/sqft |
Source: Public Record Report a problem | ||
| 8/18/1997 | Sold | $350,000+87.2%$90/sqft |
Source: Public Record Report a problem | ||
| 2/10/1997 | Sold | $187,000$48/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,404 +7.4% | $508,050 +6.6% |
| 2024 | $9,688 | $476,550 +7.7% |
| 2023 | -- | $442,350 -20% |
| 2022 | -- | $553,050 -15% |
| 2021 | -- | $650,700 -7.5% |
| 2020 | $8,025 +7.9% | $703,800 +4.7% |
| 2019 | $7,435 | $672,300 +1027.9% |
| 2018 | -- | $59,607 +3.3% |
| 2017 | $7,342 +6.6% | $57,721 +8% |
| 2016 | $6,885 | $53,446 +8% |
| 2015 | $6,885 +53.9% | $49,491 +7.9% |
| 2014 | $4,473 | $45,852 |
| 2013 | -- | $45,852 +3.3% |
| 2012 | -- | $44,402 +8% |
| 2011 | -- | $41,113 +8% |
| 2010 | -- | $38,070 +7.9% |
| 2009 | -- | $35,271 |
| 2008 | -- | $35,271 +3.3% |
| 2007 | -- | $34,156 +8% |
| 2006 | -- | $31,626 +8% |
| 2005 | -- | $29,285 +7.9% |
| 2004 | -- | $27,132 |
| 2003 | -- | $27,132 +3.3% |
| 2002 | -- | $26,274 +8% |
| 2001 | -- | $24,328 +8% |
| 2000 | -- | $22,527 |
Find assessor info on the county website
Neighborhood: Park Slope
Nearby schools
GreatSchools rating
- 8/10P.S.10 Magnet School for Math, Science & Design TechnologyGrades: PK-5Distance: 0.1 mi
- 7/10Jhs 88 Peter RougetGrades: 6-8Distance: 0.2 mi
- 5/10John Jay School for LawGrades: 9-12Distance: 0.6 mi


