# 58 Palmetto Street, Brooklyn

Apartment building · 27 units · built 2019 · Block 3349, Lot 11.

On Umarelli: https://umarelli.org/nyc/3033490011/58-palmetto-street

More construction in Bushwick: https://umarelli.org/nyc/brooklyn/bushwick.md

## 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.

## 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.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## 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](https://newyorkyimby.com/2021/07/affordable-housing-units-still-available-at-58-palmetto-street-in-bushwick-brooklyn.html), New York YIMBY, Jul 14, 2021.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology