488 Broadway, Brooklyn
Vacant land · Block 2228, Lot 25.
Building permits
- New Building — Non-residential, filed Jul 31, 2024, 8 stories, described as “Proposed eight (8) story + cellar commercial / community facility use building.”
- Alteration, filed May 12, 2025, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed as per plans in conjunction with general construction. No change in use, egress or occupancy. Sidewalk shed shall comply with 2022 NYC building code,chapter 33”
- Alteration, filed Aug 20, 2024, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”
- Demolition, filed Jul 8, 2024, estimated cost $150K, described as “Full demolition to a one story building”
Property taxes
- Assessment
- $55,800
- 2026–27 tax
- $6,053
- Market value (city estimate)
- $124,000
- Taxable value
- $55,800
- Assessed land
- $55,800
Zoning
C8-2: floor area ratio 0.00 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- May 9, 2024: $4,250,000
Open-market sales since 2016, from the Department of Finance’s sales files.