488 3rd Street

488 3rd Street is a Co-op located in Central Slope, Brooklyn. The building was first built in 1920 and is 104 years old. The lot that the building was built on is 22 feet wide and 90 feet long. The official lot area is listed as 1,980 square feet. The building itself is 22 feet wide and 50 feet long. In total, 488 3rd Street has a total floor area of 4,400 square feet. Of that, 4,400 square feet are used for residential purposes. There are a total of 10 units. Of those, 10 are residential units. 488 3rd Street has a total of 4 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Residents who own pets will be happy to hear that the building is pet-friendly. There are 29 closings on record, of which we have matching data for 6 listings. In the past 3 years, a listing in this building will typically remain on the market for about 194 days and tend to sell below the original asking price of $549,000 by 13.04%. Meaning, listings tend to sell at a median of $893 price per square foot. The transaction that took the longest to complete was unit 4B, listed on Mar 28, 2016 for $529,000. This particular unit ultimately sold 330 days later for $460,000. The most recent transaction was for unit 4B, which was first advertised on Mar 31, 2021, sold for $600,000 on Jul 14, 2021. Fun fact, the oldest transaction we have on record took place on Aug 05, 1966. See the full transaction history for 488 3rd Street below.

Central Slope, where 488 3rd Street is located, has a median asking price of $850,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $549,000. For interested buyers, that means the building's median asking price is around 0.35% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.