SOLD FOR $1,650,000
· Closed February 13, 2025
$1,650,000
488 CENTRAL Avenue
MLS® #RLS11009666
Listing by Corcoran Group
7
Bedrooms
4
Baths
N/A
Sq. Ft.
2003
Year Built
Quick Summary
Property Highlights
- Views: Other
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Sep 16, 2024 | $1,699,995 | - |
| Currently | May 17, 2026 | $1,650,000 | -2.9% |
Description
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.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Bushwick
View All Bushwick ListingsBushwick has emerged as Brooklyn's premier creative frontier, known for its world-class street art, eclectic nightlife, and industrial-chic vibe. The neighborhood offers a wide range of housing options, from converted warehouse lofts that appeal to artists and professionals to traditional multi-family townhouses. Recent years have seen a surge in boutique new construction condominiums, making it a top destination for those seeking a dynamic and evolving urban environment.
Bushwick Live Market Data
View NeighborhoodActive Listings
127
Median Asking Price
$949K
Median $/Sqft
$930
Avg Days on Market
N/A
New This Week
8
Price Reduced
25%
Sold (30 Days)
2
Median Sale Price
$1.67M
Live data from RLS at REBNY • Updated 5/17/26, 6:55 PM EST
Similar Listings in Bushwick
View All119 Suydam Street
Duplex • RLS #RLS20086108
1015 HALSEY Street
Multi Family • RLS #RLS20087087
1222 Decatur Street
Multi Family • RLS #RLS20083602
1324 JEFFERSON Avenue
Multi Family • RLS #RLS20059280
Active
186 COVERT Street
Multi Family • RLS #RLS20091013
487 HART Street
Multi Family • RLS #RLS20081165
Browse More NYC Properties
In This Neighborhood
By Property Type
By Borough
Location
488 CENTRAL Avenue, Bushwick, Kings County
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed annual property tax is $8,820, or roughly $735 per month. Verify the current assessment with your attorney before closing.
This property has 7 bedrooms and 4 full bathrooms.
According to MLS records, the building was constructed in 2003, making it approximately 23 years old.
This listing is None
Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Corcoran Group - MARK MARTOV
Listing Contact: (917) 939-3888
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 5/17/2026 at 10:55 PM UTC