New York City  »  11237  »  Palmetto St  »  387 Palmetto St

387 Palmetto Street, Brooklyn, NY 11237 - Property report

Also known as: 387 Palmetto St

Property image for 387 Palmetto Street, Brooklyn, NY 11237
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Property type

Zoned Commercial or Manhattan Residential (V1)

Lot sq. ft.

1,625

Sale price

$840,000

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
387 Palmetto Street
ZIP code
11237
Neighborhood
Bushwick
Borough
Brooklyn
Block & lot
03345-0037

Owner

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Building
Property type
Zoned Commercial or Manhattan Residential (V1)
Buildings on lot
1
Building material
Sales
Sale date
01/23/2025
Sale price
$840,000
Tax
Tax year
2026-2027
Property tax
$8,543
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
10 ft x 120.58 ft
Lot sq. ft.
1,625

Area overview

Walk score
99 /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
0.30 Miles
Closest fire station
0.23 Miles

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

Ownership

Ownership information for 387 Palmetto 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 387 Palmetto Street, Brooklyn, NY 11237

Sale date Sale price Buyer name Seller name
01/23/2025 $840,000 XXXXXX XXX XXXX. XXXXXX, XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
02/04/2025 - R
01/23/2025 - D		 Deed
(2025012700702001)		 XXXXXX XXX XXXXXX XXX XXXX
09/03/2013 - R
08/13/2013 - D		 Deed
(2013081500864001)		 XXX XXXXXX XXXX XXXXXX XXX
06/06/1985 - R Satisfaction of Mortgage
(3240001092424)		 XXX XXXXXXX XXXXXXXXXX XXXXXXX XXXXXXX
03/13/1985 - R Deed
(3410001074741)		 XXX XXXXXXXXXXXXX XXXX X X X XXXXXX XXXX
06/06/1983 - R Mortgage
(3120000962612)		 XXXX XXXXXXX XXXXXXX XXXXXXX
06/06/1983 - R
05/19/1983 - D		 Deed
(3110000962611)		 XXXX XXXXXX XXX XXXX XXXX XXXXXXX
05/13/1977 - D
05/13/1977 - R		 Deed
(37730091901608)		 XXXX XXXXXX XXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 387 Palmetto 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
$8,543
Municipal exemptions
Recent tax assessments
Market value
$175,000
Assessed value
$78,750

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 $184,000 $82,800 $82,800 10.848% $8,982 $8,982 -4.40%
2024/25 $194,000 $87,300 $87,300 10.762% $9,395 $9,395 -3.38%
2023/24 $204,000 $91,800 $91,800 10.592% $9,723 $9,723 -5.60%
2022/23 $215,000 $96,750 $96,750 10.646% $10,300 $10,300 -5.83%
2021/22 $226,000 $101,700 $101,700 10.755% $10,938 $10,938 +3.31%
2020/21 $238,000 $107,100 $99,000 10.694% $10,587 $10,587 +6.83%
2019/20 $250,000 $112,500 $94,050 10.537% $9,910 $9,910 +28.23%
2018/19 $236,000 $106,200 $73,506 10.514% $7,728 $7,728 +35.56%
2017/18 $189,000 $85,050 $54,222 10.514% $5,701 $5,701 +37.65%
2016/17 $187,000 $84,150 $39,168 10.574% $4,142 $4,142 +59.98%
Permits

Permit information for 387 Palmetto Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
02/05/2014 Subdivision: improved
02/05/2014 New building
02/12/2013 Full demolition
04/14/2009 Subdivision: improved

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations 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
Palmetto St & Wycoff Ave at NW Corner
Station lines
L-M
Distance (miles)
0.053
View subway map

Access the detailed traffic volume map for 387 Palmetto Street, Brooklyn, NY 11237 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 387 Palmetto Street, Brooklyn, NY

385 Palmetto St, Brooklyn 375 Palmetto St, Brooklyn 371 Palmetto St, Brooklyn 1542 Gates Ave, Brooklyn 1540 Gates Ave, Brooklyn 1544 Gates Ave, Brooklyn 1556 Myrtle Ave, Brooklyn 1538 Gates Ave, Brooklyn 381 Palmetto St, Brooklyn 365 Palmetto St, Brooklyn 377 Palmetto St, Brooklyn 1544 Myrtle Ave, Brooklyn 1536 Gates Ave, Brooklyn 383 Palmetto St, Brooklyn 369 Palmetto St, Brooklyn 1538 Myrtle Ave, Brooklyn 1532 Gates Ave, Brooklyn 367 Palmetto St, Brooklyn

Nearby ZIP codes for 387 Palmetto 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 11221, New York City, NY 11222, New York City, NY 11225, New York City, NY 11233, New York City, NY 11238, New York City, NY 11373, New York City, NY 11377, 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 market value of 387 Palmetto Street, Brooklyn, NY 11237?

The current market value of 387 Palmetto Street, Brooklyn, NY 11237 is $175,000.

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