Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Sold on 9/25/2025 for $2,695,000

Closed For Sale Multi Family

$2,695,000

$1,113 per sq ft

488 7TH Avenue

South Slope, Brooklyn

MLS® #RLS20010539

RLS at REBNY

Listing by Serhant

6

Bedrooms

4

Baths

2,422

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms 6
Bathrooms 4
Living Area 2,422 sq ft
Lot Size 1,700 sq ft
Year Built 1920
Ownership None
Property Taxes $5,688/yr
Neighborhood South Slope
Floor 1 of 1

Property Highlights

  • Views: Other
  • Fireplace: 1 fireplace
  • Climate Control: Central Air

Property Details

Type Multi Family
Ownership None
Total Rooms 14
Baths 4 Full
Floor 1 of 1
View Other
Cooling Central Air
Pets Yes
Year Built 1920
Living Area 2,422 sq ft
Structure Type Townhouse
Basement Other
Lot Size 1,700 sq ft
Parcel # 01056-0043
Block/Lot 01056/0043

Description

Showing by appointment Sunday, please reach out to schedule.

Welcome to, 488 7th Avenue, a brick Multi-Family Townhouse in Park Slope, Brooklyn. Built in 1920, offering a perfect blend of historic charm and modern updates, this income-generating four-story property sits on a 1,767 sqft lot.

This turn-key property spans 3,256 sqft. 2,422 sqft livable + 814 sqft extra space on lower level. Over the four floors, you will find 14 rooms and 4 full baths, offering flexible layouts with a variety of possible configurations including combining the units to create one majestic single-family home.

This highly sought after South Slope location is nestled in-between Park Slope, Windsor Terrace and Greenwood Heights, just blocks from Brooklyn's famous Prospect Park. Prospect Park similar to Central Park, with scenic trails, a lake and a zoo, is a 526-acre oasis for running, cycling, horseback riding, boating, fishing, soccer, baseball, basketball, tennis, ice skating, roller skating, children's playgrounds, and kids" sports activities plus ample picnic/BBQ area,. With abundant year-round activities, from sports to outdoor recreation, properties bordering the park are continuously in demand. The protected rental income is upwards of $14K.

You're also minutes to Green Wood, also a National Historic Landmark, a 478-acre green space hosting 7,000 trees. Other than greenery and tree-lined streets, Park Slope is know for it's vibrant mix of boutique local businesses, the Park Slope Food Coop, great coffee shop's and it's plethora of Michelin-quality restaurants. Too many to mention here, our favourites include: Little Honey, Winner Cafe, LORE, Fonda, Couleur Cafe, Al Di L , Faust and Pasta Louise.

The building is conveniently located, you have two local trains: F to Manhattan and the G for other Brooklyn hotspots plus seamless connectivity via the BQE and CitiBike.

The property features preserved New-Grec marble fireplaces, and tin ceilings with substantial updates including: HVAC AC units installed throughout, in-unit washer/dryer added to both units, new dishwasher, new flooring, update electrical and plumbing, basement build-out, updated roof and the addition of two new Hot Water Heaters.

There's a lot to take in, let's recap: 3,256 sqft (2,422 sqft Livable), two separate units, one with a private back yard, comprising 14 Rooms total (#1 is 5 rooms, and #2 is 9 rooms) and 4 Full Baths (2 for each unit) your opportunity awaits!

Contact us today to find out more or take a closer look.

Features & Amenities

Interior Features

Smoke Free Common On Floor Fireplace (1)

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Green Building

Building Information

Total Units -1
Stories 1
Structure Townhouse

Financial Details

RE Taxes $5,688/yr ($474/mo)
Original Price $2,850,000
Sale Price $2,695,000
Previous Price $2,699,000

South Slope provides a rising environment for those seeking space and value within New York City. The area is known for its natural atmosphere and a real estate market that features a blend of rising cooperatives and traditional multi-family residences.

South Slope Live Market Data

View Neighborhood

Active Listings

2

Median Asking Price

$862K

Median $/Sqft

$1,139

Avg Days on Market

N/A

New This Week

0

Price Reduced

50%

Sold (30 Days)

0

Median Sale Price

N/A

Live data from RLS at REBNY • Updated 3/1/26, 2:24 AM EST

Recently Sold in South Slope

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Location

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488 7TH Avenue, South Slope, Kings County

Virtual Tour

MLS® ID: RLS20010539
First Listed: 3/20/2025
On Market: 3/20/2025
Price Changed: 5/12/2025
Closed: 9/25/2025
Contract Date: 3/20/2025

Listing Courtesy of Serhant - Gillian Anderson-Mann

Listing Contact: (347) 968-1361

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.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 3/1/2026 at 7:24 AM UTC

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