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$2,695,000
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Property 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.
Full Property Details
Full Property Details for 488 7th Ave
General
- Sold For: $2,695,000
- Taxes: $5,688
- Status: Closed
- Type: Multi-Family
- Source: REBNY
- MLS ID: RLS20010539
- Added to Site: 303 day(s) ago
Interior
- Number of Rooms: 14
- Interior Features: Smoke Free
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Decorative
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Common On Floor
Exterior
- Exterior Features: Private Outdoor Space Over 60 Sqft
Location
- County: Kings
- Subdivision: South Slope
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
Structural Information
- Structure Type: Townhouse
- Basement Desc.: Other
- Stories/Levels: 1
- Square Feet: 2,422
- Living Area: 2,422 Sq. Ft.
- Year Built: 1920
- Other Struct. Feat.: Green Building
Lot Features
- Property View: Other
- Lot Size: 1700
- Lot Dimensions: 100.00 x 17.00
Financial Considerations
- Tax Amount: $5,688
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 01056-0043
- Block: 1056
- Lot Number: 43
Listing Courtesy of Serhant
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Schools
Schools serving 488 7th Ave
School District:New York City Geographic School District 15
| Name | Grades | Distance |
|---|---|---|
P.S.10 Magnet School for Math, Science & Design Technology 511 7th Avenue, Brooklyn, NY 11215 | K-5 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 488 7th Ave
Date
Details
Price
Change
Source
9/25/2025
Sold
$2,695,000
—
MLS
5/12/2025
Price Reduced
$2,695,000
-0.15%
MLS
4/22/2025
Price Reduced
$2,699,000
-5.3%
MLS
3/20/2025
Listed
$2,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
488 7th Avenue, New York City, NY 11215 (MLS# RLS20010539) is a Multi-Family property that was sold at $2,695,000 on September 25, 2025. Want to learn more about 488 7th Avenue? Do you have questions about finding other Multi-Family real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.

