74 Palmetto Street, Brooklyn
Apartment building · 8 units · built 2022 · Block 3349, Lot 119.
Building permits
- New Building — Multi-Family, filed Mar 23, 2022, estimated cost $609K, 8 units, 4 stories, described as “Proposed new building of 4 stories with cellar, 2 penthouses, and 8 dwelling units.”
- Alteration, filed Oct 19, 2022, estimated cost $11K, described as “Proposed plumbing work for a new building of 4 stories with cellar, 2 penthouses B00694902”
- Alteration, filed Aug 23, 2022, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Aug 23, 2022, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Aug 23, 2022, estimated cost $1K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 2, 2022, estimated cost $1K, described as “Installation of temporary construction fence for a NB filed under DOB #B00694902”
- Alteration, filed Mar 28, 2022, estimated cost $160K, described as “Proposed supporting excavation of 10'-10" deep, 72.27 ' cubic yards of earthwork with shoring around the perimeter as per plans, in conjunction with alt co application #B00694902”
- Alteration, filed Mar 28, 2022, estimated cost $166K, described as “Installation of new sprinkler system in conjunction with DOB alt 1 job #B00694902”
- Alteration, filed Mar 24, 2022, estimated cost $160K, described as “Fo and structural filed in conjunction with alteration 1 application #B00694902”
Property taxes
- Assessment
- $608,400
- 2026–27 tax
- $363
- Market value (city estimate)
- $1,352,000
- Taxable value
- $2,922
- Assessed land
- $96,750
- Assessed improvements
- $511,650
Tax breaks
- 421-a exemption, through Jun 30, 2060, about $75,315 a year below the full tax.
Zoning
R6: floor area ratio 2.54 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
- Jan 18, 2022: $1,082,700
Open-market sales since 2016, from the Department of Finance’s sales files.