New York City  »  11221  »  Cedar St  »  48 Cedar St

48 Cedar Street, Brooklyn, NY 11221 - Property report

Also known as: 36-58 Cedar St

Property image for 48 Cedar Street, Brooklyn, NY 11221
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Property type

Nursing Home (I6)

Year built

1998

Lot sq. ft.

30,837

Sale price

$70,000,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
48 Cedar Street
Alternate address(es)
1235 Dekalb Ave
217-241 Evergreen Ave
36-58 Cedar St
ZIP code
11221
Neighborhood
Bushwick
Borough
Brooklyn
Block & lot
03232-0001

Owner

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Building
Property type
Nursing Home (I6)
Building sq. ft.
131,650
Building dimensions
100 ft x 50 ft
Buildings on lot
1
Stories
8
Year built
1998
Building material
Sales
Sale date
06/09/2023
Sale price
$70,000,000
Tax
Tax year
2026-2027
Property tax
$1,849,287
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
400.62 ft x 260.75 ft
Lot sq. ft.
30,837

Area overview

Walk score
94 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
88 /100.  Very Bikeable
School district
32
Community district
4
Closest police station
0.42 Miles
Closest fire station
0.06 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 48 Cedar Street, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 48 Cedar Street, Brooklyn, NY 11221

Sale date Sale price Buyer name Seller name
06/09/2023 $70,000,000 XX XXX XXXXXX XXX XX XXXXX XXXXXX XXX XXX XXXXXX XXX XXX XXXX, XXXX XXX XXXXXXXX XXXXXXXX XXX
05/05/2020 $58,750,000 XX XXXXX XXXXXX XX XXX XXX XX XXXXX XXXXXX XXX XXXXX XXXX XXXXXXXXXXX XXX XXXXX XXXX XXXXXXX XXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/06/2026 - R
06/18/2026 - D		 Agreement
(2026062900676006)		 XX XXX XXXXXX XXX XXXXX XXXX XXX XXX
07/06/2026 - R
06/18/2026 - D		 Assignment of Leases and Rents
(2026062900676005)		 XX XXX XXXXXX XXX XXXXXXXXX XXXXXXX XXXXX XXX
07/06/2026 - R
06/18/2026 - D		 Agreement
(2026062900676004)		 XX XXX XXXXXX XXX XXXXXXXXX XXXXXXX XXXXX XXX
07/06/2026 - R
06/18/2026 - D		 Mortgage
(2026062900676003)		 XX XXX XXXXXX XXX XXXXXXXXX XXXXXXX XXXXX XXX
07/06/2026 - R
06/18/2026 - D		 Assignment, Mortgage
(2026062900676002)		 XXXXXXX XXXXXXX XXX XXXXXXXXX XXXXXXX XXXXX XXX
07/06/2026 - R
06/18/2026 - D		 Assignment, Mortgage
(2026062900676001)		 XXXXXXXXXXXXX XXXXX XXXXXXX X X XXXXXXXXX XXXXXXX XXXXX XXX
06/28/2023 - R UCC3 Assignment
(2023062700614001)		 XXXXX XXXX XXX XXX XX XXX XXXXXX XXX
06/16/2023 - R UCC3 Termination
(2023061400405016)		 XX XXXXX XXXXXX XX XXX XX XXXX
06/16/2023 - R Initial UCC1
(2023061400405014)		 XXXXX XXXX XXX XXX XX XXX XXXXXX XXX
06/16/2023 - R Initial UCC1
(2023061400405013)		 XX XXX XXXXXX XXX XXXXXXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 48 Cedar Street, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$1,849,287
Municipal exemptions
Recent tax assessments
Market value
$39,724,000
Assessed value
$17,875,800

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y 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
2020/21 $40,246,000 $18,110,700 $0 10.694% $1,787,962 $0 n/a
2019/20 $39,059,000 $17,576,550 $0 10.537% $1,681,702 $0 n/a
2018/19 $37,531,000 $16,888,950 $0 10.514% $1,588,818 $0 n/a
2017/18 $35,347,000 $15,906,150 $0 10.514% $1,506,957 $0 n/a
2016/17 $33,587,000 $15,114,150 $0 10.574% $1,446,219 $0 n/a
Permits

Permit information for 48 Cedar Street, Brooklyn, NY

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

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
12/15/2022 Rwnrf-retaining wall none
11/22/2021 E-elevator
11/22/2021 E-elevator

*Most recent DOB violations on record for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Myrtle Ave & Cedar St at SW Corner
Station lines
M
Distance (miles)
0.083
View subway map

Access the detailed traffic volume map for 48 Cedar Street, Brooklyn, NY 11221 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 48 Cedar Street, Brooklyn, NY

80 Cedar St, Brooklyn 88 Cedar St, Brooklyn 82 Cedar St, Brooklyn 90 Cedar St, Brooklyn 282 Evergreen Ave, Brooklyn 270 Evergreen Ave, Brooklyn 86 Cedar St, Brooklyn 785 Bushwick Ave, Brooklyn 791 Bushwick Ave, Brooklyn 286 Evergreen Ave, Brooklyn 78 Cedar St, Brooklyn 284 Evergreen Ave, Brooklyn 272 Evergreen Ave, Brooklyn 789 Bushwick Ave, Brooklyn 74 Cedar St, Brooklyn 76 Cedar St, Brooklyn 72 Cedar St, Brooklyn 84 Cedar St, Brooklyn 781 Bushwick Ave, Brooklyn 783 Bushwick Ave, Brooklyn

Nearby ZIP codes for 48 Cedar Street, Brooklyn, NY

11101, New York City, NY 11104, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11207, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11217, New York City, NY 11222, New York City, NY 11225, New York City, NY 11226, New York City, NY 11233, New York City, NY 11237, New York City, NY 11238, New York City, NY 11378, New York City, NY 11379, New York City, NY 11385, New York City, NY

Frequently asked questions

What is the year built for 48 Cedar Street, Brooklyn, NY 11221?

The development at 48 Cedar Street, Brooklyn, NY 11221 was built in 1998.

What is the total square footage of 48 Cedar Street, Brooklyn, NY 11221?

48 Cedar Street, Brooklyn, NY 11221 has a total of 131,650 square feet.

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

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

What is the assessed value of 48 Cedar Street, Brooklyn, NY 11221?

48 Cedar Street, Brooklyn, NY 11221 is currently assessed at $17,875,800.

What are the property taxes for 48 Cedar Street, Brooklyn, NY 11221?

The property taxes for 48 Cedar Street, Brooklyn, NY 11221 total $1,849,286.

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