NOT LISTED FOR SALE

488 2nd St Brooklyn, NY 11215

Park Slope Neighborhood

Estimated Value: $3,704,000 - $5,811,788

6 Beds
4 Baths
3,540 Sq Ft
$1,318/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $3,100,000 $876 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $25,284/month

152 Days on Market

About This Home

As of July 2020

Living tall in Park Slope! This four-story brownstone is situated in center Slope, just below vibrant Seventh Avenue. At 19.5-feet wide, the lot goes back 100 feet and offers a terrific amount of space, inside and out. The current setup is as a double duplex: The garden floor has a double parlor and rear kitchen with a full bath and laundry. The parlor floor has two bedrooms, center dressing room/office and a full bath. The top two floors are currently used as a second duplex rental with four bedrooms, another two baths and additional laundry. There are lots of original details -- parquet floors, mantles, cast-iron firebacks and pocket doors -- and lots of options to create your own customized home. If you're looking for a four story brownstone in a PRIME location this one is priced to sell.

Last Agent to Sell the Property

Judith Lief

Corcoran Group License #10301205377 Listed on: 02/05/2020

Corcoran Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 100.0 x 19.0

Community Details

  • 2 Units
  • Park Slope Subdivision

Listing and Financial Details

  • Tax Block 976

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 19.0

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1901

Tax Info

  • Tax Block: 976

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2020
Closed on
Jul 17, 2020
Sold by
Keltz Jeffrey Mark
Bought by
Cheng Elley and Yeh Harry
Seller's Agent
Judith Lief
Corcoran Group
List Price
$2,775,000
Sold Price
$3,100,000
Premium/Discount to List
$325,000
11.71%
Current Estimated Value
$4,666,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,566,197
Avg. Annual Appreciation
7.68%
Original Mortgage
$2,518,400
Outstanding Balance
$2,223,920
Interest Rate
3%
Estimated Equity
$2,442,277

Purchase Details

Closed on
May 8, 2018
Sold by
Hertz Marian S
Bought by
Keltz Jeffrey Mark

Purchase Details

Closed on
Jan 13, 1989
Sold by
Carol Joy
Bought by
Jeffrey Mark Keltz and Marian S Hertz
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cheng Elley $3,148,000 --
Keltz Jeffrey Mark -- --
Jeffrey Mark Keltz -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Elley $2,518,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2020 07/17/20 Sold $3,100,000 +11.7% $876 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $2,775,000 -- $784 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,349 $285,360 $38,220 $247,140
2024 $12,349 $272,820 $38,220 $234,600
2023 $10,350 $260,760 $38,220 $222,540
2022 $10,042 $225,540 $38,220 $187,320
2021 $11,424 $210,240 $38,220 $172,020
2020 $11,490 $226,140 $38,220 $187,920
2019 $10,718 $211,620 $38,220 $173,400
2018 $10,119 $48,370 $8,049 $40,321
Source: Public Records

Agents Affiliated with this Home

  • Judith Lief

    Seller's Agent in 2020

    Judith Lief

    Corcoran Group

    (718) 788-5471

    28 in this area

    69 Total Sales

    Judith Lief
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10612940

Real Estate Board of New York (REBNY)

APN: 00976-0031

New York Kings County Brooklyn 11215 Park Slope

488 2nd St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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