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Brooklyn / Bushwick (East) / 11221

8 PALMETTO STREET

Recorded on the Digital Tax Map as 8 PALMETTO STREET LEASEHOLD CONDOMINIUM.

Boro3
Block3348
Lot7501
BBL3033487501
Class RM
Residential units
115
Units in total
118
Storeys
7
Year built
2020
Last alteration on file
-
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

LOT 23,450 SQ FT7
Drawn from PLUTO: 7 storeys, 133,202 sq ft of building on 23,450 sq ft of lot, an average floor plate covering 81% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
23,450 sq ft
Building area
133,202 sq ft
Residential area
106,246 sq ft
Commercial area
26,956 sq ft
Office area
-
Retail area
25,892 sq ft
Buildings on the lot
1
Built floor area ratio
5.68
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$654,300
Assessed total value
$10,400,849
Exempt value
$9,478,819
Assessed per residential unit
$90,442

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
RM
Neighbourhood
Bushwick (East)
ZIP code
11221
Community district
Brooklyn 4
Council district
37
Coordinates
40.689059, -73.920685

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Bushwick (East)

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
340 EVERGREEN AVENUED116820190-
87 PALMETTO STREETD111519800-
871 BUSHWICK AVENUERI11019540-
1325 BROADWAYD710720230-
43 GOODWIN PLACED110019911-
297 WILSON AVENUED19619960-
1103 GATES AVENUEC18319281-
1255 GATES AVENUED18320080-
269 CENTRAL AVENUEC17219820-
335 IRVING AVENUERR7019630-
93 LINDEN STREETD16820191-
575 CENTRAL AVENUED96720060-

Every building on file in Bushwick (East)