Brooklyn / Prospect Heights / 11238
488 STERLING PLACE
Recorded on the Digital Tax Map as 488 STERLING PLACE CONDOMINIUM.
Boro3
Block1174
Lot7503
BBL3011747503
Residential units
25
Units in total
39
Storeys
7
Year built
2019
Last alteration on file
-
Recorded transfers
28 since 2003
01
What has sold here
Every transfer the City has recorded against this lot since 2003 with a consideration above zero. A co-op apartment has no deed, so its sale is recorded as a Real Property Transfer Tax return instead; both are printed here and the instrument is named in the last column. The figure is the consideration as filed, which is not always the price a buyer would recognise.
| Recorded | Consideration | Unit | What transferred | Instrument |
|---|---|---|---|---|
| 7 Apr 2026 | $1,977,500 | 4A | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 22 Jul 2025 | $2,060,000 | 3B | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 5 Jun 2024 | $2,050,000 | 4B | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 22 Jun 2022 | $941,881 | 4C | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 24 May 2022 | $2,517,767 | 6D | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 18 May 2022 | $3,325,000 | PH-C | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 11 May 2022 | $2,568,223 | 5D | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 29 Apr 2022 | $1,812,485 | 5A | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 19 Apr 2022 | $2,260,000 | 2D | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 15 Apr 2022 | $1,690,284 | 4B | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 14 Apr 2022 | $1,750,832 | 4A | SINGLE RESIDENTIAL CONDO UNIT2 lots | DEED |
| 14 Apr 2022 | $2,090,000 | PH-B | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 13 Apr 2022 | $962,246 | 2C | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 13 Apr 2022 | $2,224,876 | PH-A | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 12 Apr 2022 | $1,110,038 | 1A | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 12 Apr 2022 | $983,897 | 6C | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 8 Apr 2022 | $958,669 | 5C | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 8 Apr 2022 | $1,710,467 | 6A | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 7 Apr 2022 | $2,375,000 | 4D | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 7 Apr 2022 | $1,792,140 | 5B | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 6 Apr 2022 | $1,619,646 | 2B | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 6 Apr 2022 | $916,425 | 3C | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 6 Apr 2022 | $2,315,942 | 3D | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 5 Apr 2022 | $1,750,000 | 6B | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 1 Apr 2022 | $1,575,000 | 3A | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 31 Mar 2022 | $1,634,291 | 2A | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 30 Mar 2022 | $1,960,000 | 1B | SINGLE RESIDENTIAL CONDO UNIT | DEED |
| 29 Mar 2022 | $1,735,695 | 3B | SINGLE RESIDENTIAL CONDO UNIT | DEED |
- DEED
- DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
By year
| Year | Transfers | Median recorded | Lowest | Highest |
|---|---|---|---|---|
| 2026 | 1 | $1,977,500 | - | - |
| 2025 | 1 | $2,060,000 | - | - |
| 2024 | 1 | $2,050,000 | - | - |
| 2022 | 25 | $1,750,000 | $916,425 | $3,325,000 |
02
The building on the lot
Section through the lot
Lot area
10,425 sq ft
Building area
34,140 sq ft
Residential area
34,140 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.27
Residential FAR permitted
3
Zoning district
R6A
03
Assessment
Assessed land value
$562,946
Assessed total value
$3,848,844
Exempt value
$0
Assessed per residential unit
$153,954
Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.
04
Classification and location
Building class
R4CONDO; RESIDENTIAL UNIT IN ELEVATOR BLDG.
Neighbourhood
Prospect Heights
ZIP code
11238
Community district
Brooklyn 8
Council district
35
Coordinates
40.674082, -73.962219
05
Other buildings in Prospect Heights
| Address | Class | Res. units | Built | Transfers | Median apartment, 5 yr |
|---|---|---|---|---|---|
| 595 DEAN STREET | RM | 798 | 2021 | 0 | - |
| 662 PACIFIC STREET | RM | 312 | 2019 | 0 | - |
| 535 CARLTON AVENUE | RM | 297 | 2015 | 1 | - |
| 550 VANDERBILT AVENUE | RM | 278 | 2015 | 363 | $1.11m |
| 870 ATLANTIC AVE | D7 | 189 | 2024 | 0 | - |
| 135 EASTERN PARKWAY | D4 | 186 | 1926 | 172 | $1.92m |
| 700 PACIFIC STREET | RM | 168 | 2002 | 284 | $1.27m |
| PACIFIC STREET | D6 | 113 | 2019 | 0 | - |
| 500 ST JOHNS PLACE | D1 | 112 | 1931 | 0 | - |
| 34 PLAZA ST EAST | D4 | 111 | 1956 | 99 | $730k |
| 201 EASTERN PARKWAY | D7 | 100 | 1924 | 0 | - |
| 1 GRAND ARMY PLAZA | RM | 94 | 2006 | 176 | $1.88m |