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175 Palmetto Street, Brooklyn, NY 11221 Property Information

175 Palmetto Street, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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175 Palmetto Street, Brooklyn, NY 11221
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Address

Primary address 175 Palmetto Street
Neighborhood Bushwick
Zip code 11221
Borough Brooklyn
Block & lot 03342-0056

Sales & Tax Overview for 175 Palmetto Street, Brooklyn

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Purchase date 09/06/2022
Purchase price $11,600,000 - M
Tax class

Lot & Building Information for 175 Palmetto Street, Brooklyn

Lot sq. ft. 2,500
Lot dimensions 25 ft x 100 ft
Property type Over Six Families without Stores (C1)
Building sqft 7,277
Buildings on lot 1
Stories 4
Year built 2021
Construction type
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Zoning & Use for 175 Palmetto Street, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 8
Regulatory status Rent stabilized
Stabilized units 3
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 32
Community district 4

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 175 Palmetto Street, Brooklyn

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Floor area ratio (FAR) for 175 Palmetto Street, Brooklyn, NY 11221, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 175 Palmetto Street, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 175 Palmetto Street, Brooklyn

What is the year built & the total sq. ft. for 175 Palmetto Street, Brooklyn, NY 11221?

175 Palmetto Street, Brooklyn, NY 11221 was built in 2021 and has a total of 7,277 square feet.

What is the assessed value of 175 Palmetto Street, Brooklyn, NY 11221 and the property tax paid?

Assessed at $900,900, the tax amount paid for 175 Palmetto Street, Brooklyn, NY 11221 is $6,241.

When was 175 Palmetto Street, Brooklyn, NY 11221 last sold and what was the last sale price?

175 Palmetto Street, Brooklyn, NY 11221 was last sold in 09/06/2022 for $11,600,000.

How many residential units does this building have?

This building has 8 residential unit(s).

Ownership Information for 175 Palmetto Street, Brooklyn

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Property owner name for 175 Palmetto Street, Brooklyn, NY 11221
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Building contacts for 175 Palmetto Street, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Jun 23, 2026 NYC Resale Gains & Losses: Every Borough Made Money in 2025, Except Manhattan
In 2025, NYC home-sellers mostly made money. But, in Manhattan, resales came with losses — and it was apartments and recent buyers that absorbed them.
Eliza Theiss, Jun 04, 2026 World Cup or Your Mortgage/Rent? Ticket Prices Rival Host City Housing Costs
World Cup ticket prices rival monthly housing expenses in the 11 U.S. host cities, with even the cheapest seats covering weeks or even months of rent or mortgage payments.
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Past Sales & Property History for 175 Palmetto Street, Brooklyn

Create a free account to view the complete sales history for 175 Palmetto Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Sale date Sale price Buyer name Seller name
09/06/2022 $11,600,000

Title Documents for 175 Palmetto Street, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
09/13/2024 - R
09/04/2024 - D
Both RPTT and RETT
(2024091100389017)
09/19/2022 - R UCC3 Termination
(2022091400712003)
09/12/2022 - R Initial UCC1
(2022091200154001)
09/19/2022 - R
09/06/2022 - D
Agreement
(2022091900303006)
09/19/2022 - R
09/06/2022 - D
Agreement
(2022091400712002)
09/19/2022 - R
09/06/2022 - D
Deed
(2022091400712001)
07/18/2022 - R
06/29/2022 - D
Sundry Miscellaneous
(2022070500712001)
01/21/2022 - R UCC3 Termination
(2022011400869002)
01/10/2022 - R Initial UCC1
(2022010600660001)
01/21/2022 - R
12/30/2021 - D
Sundry Agreement
(2022011400869006)
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R: Recorded date
D: Document date

Property Taxes for 175 Palmetto Street, Brooklyn

Access detailed property tax data for 175 Palmetto Street, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2026-2027
Property tax: $6,241
Tax assessor's market value: $2,002,000
Assessed value: $900,900
Exemptions granted by city:

Assessment History for 175 Palmetto Street, Brooklyn

Here's the assessment & property tax history for 175 Palmetto Street, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $2,051,000 $922,950 $50,175 12.439% $87,841 $6,241 -0.49%
2024/25 $1,708,800 $768,960 $50,175 12.5% $81,733 $6,272 -0.02%
2023/24 $1,424,000 $640,800 $50,175 12.502% $75,691 $6,273 -90.88%
2022/23 $1,327,000 $597,150 $560,583 12.267% $68,767 $68,767 +1130.17%
2021/22 $115,500 $51,975 $51,975 10.755% $5,590 $5,590 n/a

Permits for 175 Palmetto Street, Brooklyn

The complete history of permits filed for 175 Palmetto Street, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
06/02/2021 Alteration
04/07/2021 Alteration
04/05/2021 Alteration
10/20/2020 Alteration
10/09/2020 Alteration
10/07/2020 Alteration
06/19/2020 Alteration
06/02/2020 Alteration type 3
03/12/2020 Alteration
02/05/2020 Alteration type 2
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Myrtle Ave & Greene Ave at NW Corner
Station lines M
Distance (miles) 0.338
View subway map

Neighbors for 175 Palmetto Street, Brooklyn

Here are the neighbors for 175 Palmetto Street, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
1451 Sutter Ave, Brooklyn 52,813 09/29/2023 $3,000,000
139 Conover St, Brooklyn 01/22/2026 $75,089,244
160 Bay 53 St, Brooklyn 1,800
166 Bay 53 St, Brooklyn 1,707
889 Bushwick Ave, Brooklyn 37,405 03/14/2022
540 Waverly Ave, Brooklyn 119,312 12/18/2019 $17,250,000
491 Bedford Ave, Brooklyn 6,101 02/28/2024
156 Bay 53 St, Brooklyn 1,800
161 Dupont St, Brooklyn 7,740
162 Bay 53 St, Brooklyn 1,800
340 Evergreen Ave, Brooklyn 133,497 03/14/2022
1365 45th St, Brooklyn 4,273
158 Bay 53 St, Brooklyn 1,800
164 Bay 53 St, Brooklyn 1,800
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