Property profile

488-490 Broadway Brooklyn, NY 11211

OFF-MARKET
Manufacturing properties
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Property ID
US63-1201255
6,201 SF 0.14 ac Built 1931
Last sale May 2024·$4,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$24k
Tax billed · 2024
Assessed value$289k
Assessed land$56k
Assessed improvement$234k
Effective rate8.29%

Value estimate

· Nov 2026
$4.25M
$3.83M – $4.68M
AI approach$4.25M
Submarket $/SF estimate$2.98M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$568/SF
Submarket average, outlier-cleaned · 170 recorded sales of this use type
Observed band · Q1–Q3$327 – $821
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C8-2
This district is designed to provide for necessary services for a wider area than is served by the Local Commercial Districts and often i...
General categoryCOMMERCIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm114.7
Assisted Living Facility13.5
Nursing Home12.9

Location

488-490 Broadway Brooklyn, NY 11211
County assessor Recorded deeds · 2 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1050 Grand, Brooklyn, NY 11211-1701 $5,000,000 Mar 2025 34,475 SF
1181 Grand, Brooklyn, NY 11211-1811 $7,876,906 Mar 2024 30,812 SF
208 Broadway, Brooklyn, NY 11211-6130 $3,000,000 Mar 2024 4,399 SF
17 Frost, Brooklyn, NY 11211-1202 $3,098,250 Jan 2024 2,500 SF
1068 Grand, Brooklyn, NY 11211-1701 $5,800,000 Oct 2022 8,000 SF
209 8th, Brooklyn, NY 11211-2007 $4,400,000 Jan 2022 3,250 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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