58 Palmetto Street, Brooklyn
Apartment building · 27 units · built 2019 · Block 3349, Lot 11.
Building permits
No building permits on file for this lot.
Property taxes
- Assessment
- $2,384,550
- 2026–27 tax
- $20,095
- Market value (city estimate)
- $5,299,000
- Taxable value
- $161,550
- Assessed land
- $182,250
- Assessed improvements
- $2,202,300
Tax breaks
- 421-a exemption, through Jun 30, 2056, about $276,519 a year below the full tax.
Zoning
R6: floor area ratio 2.78 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Sep 6, 2022: $15,585,897
- Mar 15, 2019: $4,250,000
- Apr 24, 2018: $3,750,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Bushwick Neighborhood Plan (City Planning 2019K0199): Completed. This is an application for a 300-block section of Bushwick, Brooklyn, Community District 4 to create a thriving and inclusive Bushwick through preservation and creation of affordable housing, targeted investments in neighborhood…
In the news
Affordable Housing Units Still Available at 58 Palmetto Street in Bushwick, Brooklyn, New York YIMBY, Jul 14, 2021.