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Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221 Property Information

Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221 1
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Address

Building name Palmetto Gardens
Primary address Palmetto Gardens - 85 Palmetto Street
Secondary address 87 Palmetto St
Neighborhood Bushwick
Zip code 11221
Borough Brooklyn
Block & lot 03340-0020

Sales & Tax Overview for 85 Palmetto Street, Brooklyn

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Tax class

Lot & Building Information for 85 Palmetto Street, Brooklyn

Lot sq. ft. 27,750
Lot dimensions 32.58 ft x 101 ft
Property type Elevator Apartment - Semi-fireproof without Stores (D1)
Building sqft 77,160
Building dimensions 238 ft x 54 ft
Buildings on lot 1
Stories 6
Year built 1980
Year last altered 2019
Construction type
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Zoning & Use for 85 Palmetto Street, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 115
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 32
Community district 4
Closest police station 0.26 Miles
Closest fire station 0.38 Miles

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

Other Property Data for 85 Palmetto Street, Brooklyn

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Floor area ratio (FAR) for Palmetto Gardens - 85 Palmetto 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 Palmetto Gardens - 85 Palmetto 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.

  • 87 Palmetto St, Brooklyn, NY 11221

About 85 Palmetto Street, Brooklyn

What is the year built & the total sq. ft. for Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221?

Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221 was built in 1980 and has a total of 77,160 square feet.

What is the assessed value of Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221?

The assessed market value for the current tax year is $3,665,250.

When was Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221 last sold?

Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221 was last sold in 03/14/1977.

How many residential units does this building have?

This building has 115 residential unit(s).

Ownership Information for 85 Palmetto Street, Brooklyn

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Property owner name for Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221
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Building contacts for Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Jun 23, 2026 NYC Resale Gains & Losses: Every Borough Made Money in 2025, Except Manhattan
In 2025, NYC home-sellers mostly made money. But, in Manhattan, resales came with losses — and it was apartments and recent buyers that absorbed them.
Eliza Theiss, Jun 04, 2026 World Cup or Your Mortgage/Rent? Ticket Prices Rival Host City Housing Costs
World Cup ticket prices rival monthly housing expenses in the 11 U.S. host cities, with even the cheapest seats covering weeks or even months of rent or mortgage payments.
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Past Sales & Property History for 85 Palmetto Street, Brooklyn

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No recorded sales for this property.

Title Documents for 85 Palmetto Street, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
03/08/2024 - R Initial UCC1
(2024030700669005)
03/08/2024 - R Initial UCC1
(2024030700669004)
03/08/2024 - R
02/29/2024 - D
Agreement
(2024030700669003)
03/08/2024 - R
02/29/2024 - D
Mortgage
(2024030700669002)
03/08/2024 - R
02/29/2024 - D
Mortgage
(2024030700669001)
07/05/2022 - R UCC3 Termination
(2022070500189001)
07/14/2022 - R
06/29/2022 - D
Sundry Agreement
(2022070500174006)
07/14/2022 - R
06/29/2022 - D
Subordination of Mortgage
(2022070500174005)
07/14/2022 - R
06/29/2022 - D
Mortgage
(2022070500174004)
07/14/2022 - R
06/29/2022 - D
Mortgage
(2022070500174002)
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R: Recorded date
D: Document date

Property Taxes for 85 Palmetto Street, Brooklyn

Access detailed property tax data for Palmetto Gardens - Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2026-2027
Property tax: $0
Tax assessor's market value: $8,145,000
Assessed value: $3,665,250
Exemptions granted by city:

Assessment History for 85 Palmetto Street, Brooklyn

Here's the assessment & property tax history for 85 Palmetto 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 $7,926,000 $3,566,700 $0 12.439% $443,662 $0 n/a
2024/25 $8,228,000 $3,702,600 $0 12.5% $457,187 $0 n/a
2023/24 $6,661,000 $2,997,450 $0 12.502% $363,332 $0 n/a
2022/23 $6,680,000 $3,006,000 $0 12.267% $347,361 $0 n/a
2021/22 $5,758,000 $2,591,100 $0 12.235% $317,021 $0 n/a

Permits for 85 Palmetto Street, Brooklyn

The complete history of permits filed for 85 Palmetto 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
04/01/2021 Alteration
04/28/2020 Alteration
04/28/2020 Alteration
09/16/2019 Alteration
09/09/2019 Alteration
09/05/2019 Alteration
04/15/2019 Alteration type 2
01/10/2019 Alteration type 2
01/08/2019 Alteration type 2
06/01/2015 Alteration type 3
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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
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% YoY

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

Risk

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

Transportation

Distance to Subway
Closest station Linden St & Broadway at NW Corner
Station lines J-Z
Distance (miles) 0.223
View subway map

Neighbors for 85 Palmetto Street, Brooklyn

Here are the neighbors for Palmetto Gardens - Palmetto Gardens - 85 Palmetto Street, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
583 Knickerbocker Ave, Brooklyn 5,985 11/25/2024
1492 Myrtle Ave, Brooklyn 4,896 02/09/2022
235 Linden St, Brooklyn 120,440 09/02/1998
1480 Myrtle Ave, Brooklyn 01/18/2002
1519 Gates Ave, Brooklyn 8,250 04/27/2018
1513 Gates Ave, Brooklyn 13,165 05/07/2015 $725,000
1521 Gates Ave, Brooklyn 04/01/2024 $300,000
298 Irving Ave, Brooklyn 6,924 04/28/2015 $1,200,000
1474 Gates Ave, Brooklyn 27,600 06/14/1979
1546 Gates Ave, Brooklyn 1,488 10/20/2023
1533 Myrtle Ave, Brooklyn 9,450 08/09/2006
119 Linden St, Brooklyn 14,500 08/23/2012 $1,725,000
1091 Bushwick Ave, Brooklyn 12,480 11/04/1982
452 Wyckoff Ave, Brooklyn 8,838 03/21/2024
388 Woodbine St, Brooklyn 4,125 07/09/2015 $1,250,000
1441 Broadway, Brooklyn 7,499 03/29/2016
313 Grove St, Brooklyn 4,365 01/10/2014 $300,000
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