Kings  »  11221  »  Palmetto St  »  254 Palmetto St

254 Palmetto Street, Brooklyn, NY 11221 - Property report

Also known as: 254 Palmetto St

Property image for 254 Palmetto Street, Brooklyn, NY 11221
static Mapbox map

Property type

Over Six Families without Stores (C1)

Year built

2016

Lot sq. ft.

2,500

Sale price

$750,000

General information

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Address
Primary address
254 Palmetto Street
ZIP code
11221
Neighborhood
Bushwick
Borough
Brooklyn
Block & lot
03352-0019

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
7,573
Building dimensions
25 ft x 54 ft
Buildings on lot
1
Stories
4
Year built
2016
Building material
Sales
Sale date
01/26/2015
Sale price
$750,000
Tax
Tax year
2026-2027
Property tax
$89,992
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
8
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
25 ft x 100 ft
Lot sq. ft.
2,500

Area overview

Walk score
85 /100.  Very Walkable
Transit score
100 /100.  Rider's Paradise
Bike score
91 /100.  Biker's Paradise
School district
32
Community district
4
Closest police station
0.21 Miles
Closest fire station
0.04 Miles

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

Ownership

Ownership information for 254 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 254 Palmetto Street, Brooklyn, NY 11221

Sale date Sale price Buyer name Seller name
01/26/2015 $750,000 XXX XXXXXXXX, XXX XXXXXXXX, XXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
11/20/2023 - R
09/01/2023 - D		 Agreement
(2023110800906001)		 XXX XXXXXXXX XXX XX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
11/15/2023 - R
09/01/2023 - D		 Agreement
(2023110800690014)		 XXX XXXXXXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
09/22/2022 - R Initial UCC1
(2022092000922001)		 XXX XXXXXXXX XXX XXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX
01/03/2018 - R UCC3 Assignment
(2017122901010002)		 XXX XXXXXXXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
01/03/2018 - R
12/07/2017 - D		 Assignment, Mortgage
(2017122901010001)		 XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
09/12/2017 - R UCC3 Termination
(2017091100026007)		 XXX XXXXXXXX XXX XXX XXXXXXX XXX
09/12/2017 - R Initial UCC1
(2017091100026005)		 XXX XXXXXXXX XXX XXX XXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX
09/12/2017 - R
09/01/2017 - D		 Release
(2017091100026006)		 XXX XXXXXXX XXX XXX XXXXXXXX XXX
09/12/2017 - R
09/01/2017 - D		 Assignment, Mortgage
(2017091100026004)		 XXX XXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
09/12/2017 - R
09/01/2017 - D		 Agreement
(2017091100026003)		 XXX XXXXXXXX XXX XXX XXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 254 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
$89,992
Municipal exemptions
Recent tax assessments
Market value
$2,084,000
Assessed value
$937,800

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 $1,787,000 $804,150 $669,875 12.439% $83,326 $83,326 +7.47%
2024/25 $1,988,000 $894,600 $620,255 12.5% $77,532 $77,532 +7.98%
2023/24 $1,740,000 $783,000 $574,310 12.502% $71,800 $71,800 +1.92%
2022/23 $1,703,000 $766,350 $574,310 12.267% $70,451 $70,451 +3.47%
2021/22 $1,362,000 $612,900 $556,512 12.235% $68,089 $68,089 +7.72%
2020/21 $1,492,000 $671,400 $515,289 12.267% $63,211 $63,211 +6.22%
2019/20 $1,268,400 $570,780 $477,119 12.473% $59,511 $59,511 +6.81%
2018/19 $1,057,000 $475,650 $441,777 12.612% $55,717 $55,717 +4151.78%
2017/18 $100,000 $45,000 $10,303 12.719% $1,310 $1,310 -31.29%
2016/17 $159,000 $9,540 $9,540 19.991% $1,907 $1,907 +0.52%
Permits

Permit information for 254 Palmetto Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
03/20/2016 Alteration type 3
03/04/2016 Alteration type 3
01/12/2016 New building
06/25/2015 Alteration type 3
05/29/2015 Alteration type 2

*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
Myrtle Ave & Greene Ave at NW Corner
Station lines
M
Distance (miles)
0.304
View subway map

Access the detailed traffic volume map for 254 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 254 Palmetto Street, Brooklyn, NY

236 Palmetto St, Brooklyn 258 Palmetto St, Brooklyn 228 Palmetto St, Brooklyn 262 Palmetto St, Brooklyn 250 Palmetto St, Brooklyn 228 A Palmetto St, Brooklyn 260 Palmetto St, Brooklyn 266 Palmetto St, Brooklyn 592 Knickerbocker Ave, Brooklyn 279 Woodbine St, Brooklyn 244 Palmetto St, Brooklyn 270 Palmetto St, Brooklyn 252 Palmetto St, Brooklyn 246 Palmetto St, Brooklyn 264 Palmetto St, Brooklyn 268 Palmetto St, Brooklyn 240 Palmetto St, Brooklyn 256 Palmetto St, Brooklyn 226 A Palmetto St, Brooklyn

Nearby ZIP codes for 254 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 254 Palmetto Street, Brooklyn, NY 11221?

The development at 254 Palmetto Street, Brooklyn, NY 11221 was built in 2016.

What is the total square footage of 254 Palmetto Street, Brooklyn, NY 11221?

254 Palmetto Street, Brooklyn, NY 11221 has a total of 7,573 square feet.

When was 254 Palmetto Street, Brooklyn, NY 11221 last sold and what was the sale price?

254 Palmetto Street, Brooklyn, NY 11221 was last sold on 01/26/2015 for $750,000.

What is the assessed value of 254 Palmetto Street, Brooklyn, NY 11221?

254 Palmetto Street, Brooklyn, NY 11221 is currently assessed at $937,800.

What are the property taxes for 254 Palmetto Street, Brooklyn, NY 11221?

The property taxes for 254 Palmetto Street, Brooklyn, NY 11221 total $89,991.

How many residential units does this building have?

This building has 8 residential unit(s).

Disclaimer

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