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48 Cedar Street, Brooklyn, NY 11221 Property Information

48 Cedar Street, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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48 Cedar Street, Brooklyn, NY 11221 1
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Address

Primary address 48 Cedar Street
Secondary address 36-58 Cedar St
Neighborhood Bushwick
Zip code 11221
Borough Brooklyn
Block & lot 03232-0001

Sales & Tax Overview for 48 Cedar Street, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 06/09/2023
Purchase price $70,000,000
Tax class
Estimated property tax $1,849,286

Lot & Building Information for 48 Cedar Street, Brooklyn

Lot sq. ft. 30,837
Lot dimensions 400.62 ft x 260.75 ft
Property type Nursing Home (I6)
Building sqft 131,650
Building dimensions 100 ft x 50 ft
Buildings on lot 1
Stories 8
Year built 1998
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Zoning & Use for 48 Cedar Street, Brooklyn

Zoning
Qualified opportunity zone
Commercial units 1

Area Overview

Walk Score
Transit Score
Bike Score


School district 32
Community district 4
Closest police station 0.42 Miles
Closest fire station 0.06 Miles

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

Other Property Data for 48 Cedar Street, Brooklyn

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Floor area ratio (FAR) for 48 Cedar 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 48 Cedar Street, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 36-58 Cedar St, Brooklyn, NY 11221
  • 1235 Dekalb Ave, Brooklyn, NY 11221
  • 217-241 Evergreen Ave, Brooklyn, NY 11221

About 48 Cedar Street, Brooklyn

What is the year built & the total sq. ft. for 48 Cedar Street, Brooklyn, NY 11221?

48 Cedar Street, Brooklyn, NY 11221 was built in 1998 and has a total of 131,650 square feet.

What is the assessed value of 48 Cedar Street, Brooklyn, NY 11221 and the property tax paid?

Assessed at $17,445,600, the tax amount paid for 48 Cedar Street, Brooklyn, NY 11221 is $1,777,285. For the next year, the tax amount for 48 Cedar Street, Brooklyn, NY 11221 is estimated at $1,849,286.

When was 48 Cedar Street, Brooklyn, NY 11221 last sold and what was the last sale price?

48 Cedar Street, Brooklyn, NY 11221 was last sold in 06/09/2023 for $70,000,000.

Ownership Information for 48 Cedar Street, Brooklyn

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Property owner name for 48 Cedar Street, Brooklyn, NY 11221
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Building contacts for 48 Cedar Street, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Mar 19, 2026 Cheaper in the City? Nearly 100 Communities in Suburban NYC Surpass $1M
New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 48 Cedar Street, Brooklyn

Create a free account to view the complete sales history for 48 Cedar Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
06/09/2023 $70,000,000
05/05/2020 $58,750,000
       
       
       
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Title Documents for 48 Cedar 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
06/28/2023 - R UCC3 Assignment
(2023062700614001)
06/16/2023 - R UCC3 Termination
(2023061400405016)
06/16/2023 - R Initial UCC1
(2023061400405014)
06/16/2023 - R Initial UCC1
(2023061400405013)
06/16/2023 - R Initial UCC1
(2023061400405009)
06/16/2023 - R Initial UCC1
(2023061400405008)
06/13/2023 - R UCC3 Assignment
(2023061300506002)
06/13/2023 - R Initial UCC1
(2023061300506001)
06/09/2023 - D
06/28/2023 - R
Sundry Agreement
(2023062700742001)
06/09/2023 - D
06/16/2023 - R
Agreement
(2023061400405012)
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R: Recorded date
D: Document date

Property Taxes for 48 Cedar Street, Brooklyn

Access detailed property tax data for 48 Cedar Street, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $1,777,286
Estimated property tax: $1,849,286
Tax assessor's market value: $38,768,000
Assessed value: $17,445,600

Assessment History for 48 Cedar Street, Brooklyn

Here's the assessment & property tax history for 48 Cedar 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 $38,768,000 $17,445,600 $16,383,534 10.848% $1,777,286 $1,777,286 +0.16%
2024/25 $38,200,000 $17,190,000 $16,487,868 10.762% $1,774,424 $1,774,424 +1.31%
2023/24 $37,430,000 $16,843,500 $16,536,492 10.592% $1,751,545 $1,751,545 +3.60%
2022/23 $35,292,000 $15,881,400 $15,881,400 10.646% $1,690,734 $1,690,734 +6.94%
2021/22 $32,668,000 $14,700,600 $14,700,600 10.755% $1,581,050 $1,581,050 n/a

Permits for 48 Cedar Street, Brooklyn

The complete history of permits filed for 48 Cedar 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
02/18/2026 Alteration
02/18/2026 Alteration
02/18/2026 Alteration
02/05/2026 Alteration
06/04/2024 Alteration
05/27/2023 Alteration
12/01/2022 Alteration
08/22/2022 Alteration
06/17/2022 Alteration
06/17/2021 Alteration
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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
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% YoY

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Risk

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

Transportation

Distance to Subway
Closest station Myrtle Ave & Cedar St at SW Corner
Station lines M
Distance (miles) 0.083
View subway map
Bus Routes
Name DE Kalb Av/Evergreen Av
Line B38
Distance (miles) 0.042

Neighbors for 48 Cedar Street, Brooklyn

Here are the neighbors for 48 Cedar Street, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
80 Cedar St, Brooklyn 1,128 08/09/2001
88 Cedar St, Brooklyn 05/17/1983
82 Cedar St, Brooklyn 07/05/2001
90 Cedar St, Brooklyn 05/17/1983
282 Evergreen Ave, Brooklyn 2,100 12/29/2020 $675,000
270 Evergreen Ave, Brooklyn 2,100 09/18/1998
86 Cedar St, Brooklyn 05/17/1983
785 Bushwick Ave, Brooklyn 3,119 03/04/1993
791 Bushwick Ave, Brooklyn 2,556 11/04/2009 $448,000
286 Evergreen Ave, Brooklyn 2,100 11/25/1998
78 Cedar St, Brooklyn 1,512 09/19/2025 $1,074,224
284 Evergreen Ave, Brooklyn 2,100 11/25/1998
272 Evergreen Ave, Brooklyn 2,100 10/22/1999
789 Bushwick Ave, Brooklyn 2,556 06/17/2025 $1,985,000
74 Cedar St, Brooklyn 1,008 11/14/2016 $900,000
76 Cedar St, Brooklyn 1,008
72 Cedar St, Brooklyn 1,176 10/24/2007 $550,000
84 Cedar St, Brooklyn 05/17/1983
781 Bushwick Ave, Brooklyn 3,024 10/17/1994
783 Bushwick Ave, Brooklyn 3,024 10/07/1999
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