Kings  »  11221  »  Palmetto St  »  116 Palmetto St

116 Palmetto Street, Brooklyn, NY 11221 - Property report

Also known as: 116 Palmetto St

Property image for 116 Palmetto Street, Brooklyn, NY 11221
static Mapbox map

Property type

Five to Six Families (C2)

Year built

1931

Lot sq. ft.

2,750

General information

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Address
Primary address
116 Palmetto Street
Alternate address(es)
116-118 Palmetto St
ZIP code
11221
Neighborhood
Bushwick
Borough
Brooklyn
Block & lot
03350-0012

Owner

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Building
Property type
Five to Six Families (C2)
Building sq. ft.
6,600
Building dimensions
27.5 ft x 80 ft
Buildings on lot
1
Stories
3
Year built
1931
Building material
Tax
Tax year
2026-2027
Property tax
$10,552
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
6
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
27.5 ft x 100 ft
Lot sq. ft.
2,750

Area overview

Walk score
84 /100.  Very Walkable
Transit score
99 /100.  Rider's Paradise
Bike score
83 /100.  Very Bikeable
School district
32
Community district
4
Closest police station
0.35 Miles
Closest fire station
0.32 Miles

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

Ownership

Ownership information for 116 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 116 Palmetto Street, Brooklyn, NY 11221

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
06/21/2022 - R
05/25/2022 - D		 Deed
(2022061300404001)		 XXXX XXXXXXXXX XXXXX XXXXX XXXXX XXXXX XXXX XXXXXXXXX XXXXXXXXXXX XXXXX
06/21/2022 - R
03/25/2022 - D		 Power of Attorney
(2022061300380001)		 XXXX XXXXXXXXX XXXXX XXXXX XXXXXX XXXXXXX XXXXXX
11/09/1993 - R Satisfaction of Mortgage
(3110001814011)		 XXXXXXXXX XXXXX XXXXX X XXXXXX XXXXXXXXX XXXX
08/15/1983 - R Assignment, Mortgage
(3570000972857)		 XXXXXX XXXXXXXXX XXXX XXXXXXXX XX
06/08/1983 - R Mortgage
(3710000962871)		 XXXXXXXXX XXXXX XXXXX X XXXXXX XXXXXXXXX XXXX
05/19/1981 - D
05/19/1981 - R		 Deed
(38130123800655)		 XXXXXX XXXX XXXXXXXX XXXXXXXXX XXXXX XXXXXX XXXX
09/24/1968 - D
09/24/1968 - R		 Deed
(36830027900136)		 XXXXXX XXXX
09/24/1968 - R Assignment, Mortgage
(36830027900134)		 XXXXX XXXXXXX XXXXX XXXXXXX
09/24/1968 - D
09/24/1968 - R		 Mortgage
(36830027900130)		 XXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 116 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
$10,552
Municipal exemptions
Recent tax assessments
Market value
$1,866,000
Assessed value
$839,700

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 $1,674,000 $753,300 $84,830 12.439% $10,552 $10,552 +2.86%
2024/25 $1,395,000 $627,750 $82,069 12.5% $10,259 $10,259 +7.91%
2023/24 $1,381,000 $621,450 $76,042 12.502% $9,507 $9,507 +9.99%
2022/23 $1,310,000 $589,500 $70,460 12.267% $8,643 $8,643 +8.26%
2021/22 $1,048,000 $471,600 $65,254 12.235% $7,984 $7,984 -0.26%
2020/21 $1,150,000 $517,500 $65,254 12.267% $8,005 $8,005 +1.66%
2019/20 $1,093,000 $491,850 $63,130 12.473% $7,874 $7,874 +6.74%
2018/19 $1,009,000 $454,050 $58,494 12.612% $7,377 $7,377 +7.01%
2017/18 $953,000 $428,850 $54,200 12.719% $6,894 $6,894 +6.53%
2016/17 $762,000 $342,900 $50,195 12.892% $6,471 $6,471 +0.07%
Permits

Permit information for 116 Palmetto Street, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
04/25/2023 Lblvio-low pressure boiler boiler required

*Most recent DOB violation 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

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Linden St & Broadway at NW Corner
Station lines
J-Z
Distance (miles)
0.313
View subway map

Access the detailed traffic volume map for 116 Palmetto 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 116 Palmetto Street, Brooklyn, NY

146 Palmetto St, Brooklyn 148 Palmetto St, Brooklyn 100 Palmetto St, Brooklyn 447 A Evergreen Ave, Brooklyn 445 Evergreen Ave, Brooklyn 124 Palmetto St, Brooklyn 126 Palmetto St, Brooklyn 130 Palmetto St, Brooklyn 104 Palmetto St, Brooklyn 447 Evergreen Ave, Brooklyn 110 Palmetto St, Brooklyn 451 Evergreen Ave, Brooklyn 128 Palmetto St, Brooklyn 142 Palmetto St, Brooklyn 144 Palmetto St, Brooklyn 102 Palmetto St, Brooklyn 112 Palmetto St, Brooklyn 120 Palmetto St, Brooklyn 140 Palmetto St, Brooklyn 106 Palmetto St, Brooklyn

Nearby ZIP codes for 116 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 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 116 Palmetto Street, Brooklyn, NY 11221?

The development at 116 Palmetto Street, Brooklyn, NY 11221 was built in 1931.

What is the total square footage of 116 Palmetto Street, Brooklyn, NY 11221?

116 Palmetto Street, Brooklyn, NY 11221 has a total of 6,600 square feet.

What is the assessed value of 116 Palmetto Street, Brooklyn, NY 11221?

116 Palmetto Street, Brooklyn, NY 11221 is currently assessed at $839,700.

What are the property taxes for 116 Palmetto Street, Brooklyn, NY 11221?

The property taxes for 116 Palmetto Street, Brooklyn, NY 11221 total $10,552.

How many residential units does this building have?

This building has 6 residential unit(s).

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