Seller's Agent in 2025
MARK MARTOV
Corcoran Group
(212) 355-3550
23 in this area
75 Total Sales
Estimated Value: $1,590,000 - $1,734,000
Please inquire direct with the listing agent (Mark Martov- Corcoran Group) for more information on a 5.75% mortgage with only 10% down exclusively for this property.
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.
Last Agent to Sell the Property
Corcoran Group License #10401264653 Listed on: 09/16/2024
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcveigh Luke Jeffrey | $1,650,000 | -- | |
| Mcveigh Luke Jeffrey | $1,650,000 | -- | |
| Almanzar Gilberto | $411,878 | -- | |
| Almanzar Gilberto | $411,878 | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcveigh Luke Jeffrey | $1,100,000 | |
| Closed | Mcveigh Luke Jeffrey | $1,100,000 | |
| Previous Owner | Almanzar Gilberto | $49,098 | |
| Previous Owner | Almanzar Gilberto | $307,550 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/13/2025 02/13/25 | Sold | $1,650,000 | -2.9% | $547 / Sq Ft |
| 11/29/2024 11/29/24 | Pending | -- | -- | -- |
| 09/16/2024 09/16/24 | For Sale | $1,699,995 | -- | $564 / Sq Ft |
| 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 | $8,802 | $73,260 | $14,160 | $59,100 |
| 2024 | $8,802 | $73,800 | $14,160 | $59,640 |
| 2023 | $8,735 | $82,020 | $14,160 | $67,860 |
| 2022 | $5,608 | $76,620 | $14,160 | $62,460 |
| 2021 | $5,308 | $70,740 | $14,160 | $56,580 |
| 2020 | $4,243 | $77,220 | $14,160 | $63,060 |
| 2019 | $5,016 | $77,220 | $14,160 | $63,060 |
| 2018 | $4,345 | $37,008 | $8,546 | $28,462 |
| 2017 | $3,587 | $35,286 | $8,253 | $27,033 |
| 2016 | $2,919 | $33,289 | $8,807 | $24,482 |
| 2015 | $966 | $31,406 | $9,207 | $22,199 |
| 2014 | $966 | $31,406 | $10,686 | $20,720 |
Seller's Agent in 2025
MARK MARTOV
Corcoran Group
(212) 355-3550
23 in this area
75 Total Sales
B
Seller Co-Listing Agent in 2025
Brooke Koropatnick
Corcoran Group
(848) 992-6163
8 in this area
29 Total Sales
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS11009666
APN: 03375-0138