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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
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    Owner options

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    $6,522/mo

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    $6,522/mo

    Rent Zestimate®

    Refinance and save

    $14,893/mo

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    $14,893/mo

    Est. payment

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    What's special

    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.

    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

    DateEventPrice
    6/26/2024Sold$2,500,000-2%$641/sqft
    Source: Public Record Report a problem
    1/5/2024Listing removed$2,550,000$654/sqft
    Source: StreetEasy Report a problem
    11/17/2023Listed for sale$2,550,000-5.4%$654/sqft
    Source: StreetEasy Report a problem
    11/10/2023Listing removed--
    Source: StreetEasy Report a problem
    7/7/2023Listed for sale$2,695,000+72.8%$691/sqft
    Source: StreetEasy Report a problem
    6/20/2016Listing removed$3,100+3.3%$1/sqft
    Source: Ideal Properties Group LLC Report a problem
    2/17/2016Listing removed$3,000$1/sqft
    Source: idealpropertiesgroup.com Report a problem
    1/8/2016Listed for rent$3,000$1/sqft
    Source: idealpropertiesgroup.com Report a problem
    4/27/2006Sold$1,560,000+1305.4%$400/sqft
    Source: Public Record Report a problem
    5/31/2000Sold$111,000-68.3%$28/sqft
    Source: Public Record Report a problem
    8/18/1997Sold$350,000+87.2%$90/sqft
    Source: Public Record Report a problem
    2/10/1997Sold$187,000$48/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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