#RLS11018612, Carter Mchyman, Listing Office: Douglas Elliman Real Estate

488 7th Ave New York City, NY 11215
Property details
About 488 7th Ave
<p>First showing 12:30pm Sunday </p> <p>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 2,772 sqft, over four floors, 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.</p> <p>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.</p> <p>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. </p> <p>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.</p> <p>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.</p> <p>There's a lot to take in, let's recap: 2,772 sqft, 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! </p> <p>Contact us today to find out more or take a closer look. </p>
Highlights
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Summary
- MLS Number: RLS20010539
- MLS Name: RLS
- Office Name: Serhant
- Office Phone: (646) 480-7665
- Listing Agent: Gillian Anderson-Mann
- Agent Phone: (347) 968-1361
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Last updated on: 4/9/2025, 2:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,850,000
488 7th Ave
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Price information
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Nearby schools
8
Magnet School of Math, Science & Design Technology
Public Magnet KG-5
0.1 mi
•511 7th Ave
7
P.S. 295 Brooklyn
Public District PK-5
0.2 mi
•330 18th St
8
P.S. 107 John W. Kimball School
Public District KG-5
0.3 mi
•1301 8th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $114,231. The majority of New York City, NY residents have income between $100k-200k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
Similar homes for sale
This home is located at 488 7th Ave in New York City, NY and zip code 11215 in the South Brooklyn neighborhood. This 2,772 square foot home was built in 1920. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 21, 2025 and is currently priced at $2,850,000.
In March 2025 more than 180 listings in New York City, NY were sold above the asking price. During the same period more than 763 listings were sold at asking price, while more than 693 were sold below. The number of listings in New York City, NY increased by 5.1% between February and March 2025. The median list price of listings available in March 2025 was $869,492, while the average time on the real estate market was 143 days.