$1,275,000
Updated 5 years ago
Off Market

72 Palmetto Street

Bushwick, Brooklyn | Bushwick Ave & Evergreen Ave

1,760 Square FeetMulti-Family

$1,275,000
floors / apts2 / 2
Lot Size50'x100'
Built Size22'x40'
ZoneR6
Building TypeHouse
RE Taxes$3,741
Price Per SF
$724

Property Description for 72 Palmetto Street

72 Palmetto Street offers an outstanding opportunity for a 10-unit condo conversion with an average of 740 SF and prime Bushwick location! The property is zoned R6 and an additional 3,750 SF can be added to the existing 5,500 buildable SF for a total of 9,250 SF.

Bushwick is a rapidly growing neighborhood of Bushwick and with excellent access to transportation (Gates Avenue J/Z 1-block away!) as well as restaurants, cafes and bars, 72 Palmetto is an extraordinary development site with tremendous upside.

Building Size: 5,500 SF
Total Buildable SF: 9,250 SF
Lot Size: 25' x 100'
Zoning: R6

Listing History for 72 Palmetto Street

Now
02/22/2021
POM by Yair Tavivian
Douglas Elliman
2021

Building Details for 72 Palmetto Street

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

Gates Av
0.2 miles
Halsey St
0.35 miles

Citi Bike

Madison St & Evergreen Ave
0.11 miles
Bushwick Ave & Linden St
0.13 miles

Contact Agents

Contact Agents

Yair Tavivian
Douglas Elliman
Ariel Tavivian
Douglas Elliman
Shai Bernstein
Douglas Elliman

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 80240TH