Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,650,000

· Closed February 13, 2025

488 CENTRAL Avenue
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Closed For Sale Multi Family

$1,650,000

488 CENTRAL Avenue

Bushwick, Brooklyn

MLS® #RLS11009666

RLS at REBNY

Listing by Corcoran Group

7

Bedrooms

4

Baths

N/A

Sq. Ft.

2003

Year Built

Quick Summary

Bedrooms 7
Bathrooms 4
Lot Size 2,117 sq ft
Year Built 2003
Ownership None
Property Taxes $8,820/yr
Neighborhood Bushwick
Floor 1 of 2

Property Highlights

  • Views: Other

Property Details

Type Multi Family
Ownership None
Total Rooms 14
Baths 4 Full
Floor 1 of 2
View Other
Pets Yes
Year Built 2003
Structure Type Townhouse
Basement Other
Lot Size 2,117 sq ft
Parcel # 03375-0138
Block/Lot 03375/0138

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

Smoke Free Building Other

Exterior Features

Private Outdoor Space Under60 Sqft

Building Amenities

Green Building

Building Information

Total Units 3
Stories 2
Structure Townhouse

Financial Details

RE Taxes $8,820/yr ($735/mo)
Original Price $1,699,995
Sale Price $1,650,000
Previous Price $1,699,995

Bushwick 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 Neighborhood

Active Listings

93

Median Asking Price

$975K

Median $/Sqft

$925

Avg Days on Market

N/A

New This Week

9

Price Reduced

19%

Sold (30 Days)

7

Median Sale Price

$854K

Live data from RLS at REBNY • Updated 3/23/26, 1:15 PM EST

Similar Listings in Bushwick

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Location

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488 CENTRAL Avenue, Bushwick, Kings County

MLS® ID: RLS11009666
First Listed: 9/16/2024
On Market: 9/16/2024
Price Changed: 2/13/2025
Closed: 2/13/2025
Contract Date: 9/16/2024

Listing 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 at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 3/23/2026 at 5:15 PM UTC

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