1 month on rocket

488 Central Ave, New York City, NY, 11221

$1,699,995

Home List Price

$10,000*

Closing Credit

7 Bedrooms
4 Full Baths
Townhouse

Location

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488 Central Ave, New York$1,699,995

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTownhouse
Year Built2003
BasementYes
ViewOther
MLS #RPLU-33423184355
StatusActive

About 488 Central Ave

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.<br> 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.<br> 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.<br> 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.<br> 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.<br>

Property Details

Property Features

Property Information:

  • Year Built: 2003

Listing Office:

  • Office Name: Corcoran Group
  • Office Phone: (212) 355-3550
  • Listing Agent: MARK MARTOV
  • Agent Phone: (917) 939-3888

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • View: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,699,995
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

488 Central Ave vs New York

57 DAYS ON ROCKET

-27 Days

$1,699,995

+$843.8K More

KEY TAKEAWAY

This property is $843.8K more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #RPLU-33423184355

Listing Office:

  • Office Name: Corcoran Group
  • Office Phone: (212) 355-3550
  • Listing Agent: MARK MARTOV
  • Agent Phone: (917) 939-3888

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/16/2024, 10:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$8,552

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,163

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-137825
3
/10

  • P.S. 377 Alejandrina B. De Gautier School

  • 200 Woodbine St

  • 0.16 miles

  • Public District Grades PK-5

school-card-donut-137826
2
/10

  • P.S. 106 Edward Everett Hale School

  • 1328 Putnam Ave

  • 0.16 miles

  • Public District Grades PK-5

school-card-donut-137827
3
/10

  • P.S. 299 Thomas Warren Field School

  • 88 Woodbine St

  • 0.18 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,234. Most New York, NY residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 488 Central Ave

What is the listing price of this property?

The listing price of 488 Central Ave property is $1,699,995.

What type of property is this?

The property 488 Central Ave is a townhouse located in New York City, New York, 11221.

Is this property for sale now?

Active Listing: 488 Central Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 488 Central Ave has 7 bedrooms and 4 bathrooms.

Which year was this property built?

The year of construction for 488 Central Ave is 2003.

Rocket Homes›New York›Kings County›New York›11221›488 Central Ave

This home is located at 488 Central Ave in New York City, NY and zip code 11221 in the Bushwick neighborhood. This home was built in 2003. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $1,699,995.

In October 2024, from all listings sold in New York, NY there were more than 269 sold above asking price, over 833 sold below and more than 850 were sold right at the asked price. The inventory of homes for sale in New York, NY between September 2024 and October 2024 increased by 1.8%. In October 2024 median list price was $856,124 and the average listing age was 84 days.

From Rocket Homes Real Estate and based on county public records data.

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