NOT LISTED FOR SALE

63 Palmetto St Brooklyn, NY 11221

Bushwick Neighborhood

Estimated Value: $930,000 - $1,160,099

3 Beds
2.5 Baths
1,442 Sq Ft
$733/Sq Ft Est. Value

Last Sold August 03, 2022

Last sale price $850,000 $589 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,989/month

18 Days on Market

About This Home

As of August 2022

Two-family townhouse located in prime Bushwick, was fully gut renovated approx. 20 years awaits a new owner's touch. This three story + basement home is set back almost 11' from the street and features a tiered 56' long yard. There is an upper duplex with high ceilings and 2 bedrooms/1.5 bathrooms. The flexible floorplan easily allows for a third bedroom to be created on the second floor without expanding the footprint. The garden floor unit with separate entrance has a full sized kitchen, living room, bedroom and full bathroom. A full sized basement with approximately 6' ceiling height is accessed via an internal staircase. 1,442 sqft + 532 sqft basement.



This is an excellent opportunity to purchase an income generating house in Bushwick and reimagine it without doing a full renovation. Low taxes under $3,000 per year. Located 2 blocks from the J and Z trains and near all the stores, restaurants and nightlife. Being sold as-is. Delivered vacant.

Last Agent to Sell the Property

Nicholas Polihros

Douglas Elliman Real Estate License #10301211981 Listed on: 04/29/2022

Douglas Elliman Real Estate

Co-Listed By

Joanne Douglas

Douglas Elliman Real Estate License #30DO0489926

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,337

Lot Details

  • 1,655

Home Design

Interior Spaces

  • 1,442 Sq Ft Home
  • 2-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 3 Bedrooms

Community Details

  • 2 Units
  • Bushwick Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,337

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bushwick
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 1442.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2022
Closed on
Aug 3, 2022
Sold by
Brogdon Yvonne
Bought by
63 Palmetto Llc
Seller's Agent
Nicholas Polihros
Douglas Elliman Real Estate
List Price
$999,000
Sold Price
$850,000
Premium/Discount to List
-$149,000
-14.91%
Current Estimated Value
$1,056,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,275
Avg. Annual Appreciation
8.47%
Original Mortgage
$680,000
Outstanding Balance
$652,009
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$442,656

Purchase Details

Closed on
Jan 10, 2001
Sold by
Oceanhill Bushwick Development Corp
Bought by
Brogdon Yvonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.08%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
63 Palmetto Llc $850,000 --
Brogdon Yvonne $183,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 63 Palmetto Llc $680,000
Previous Owner Brogdon Yvonne $240,500
Previous Owner Brogdon Yvonne $90,000
Previous Owner Brogdon Yvonne $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2022 08/03/22 Sold $850,000 -14.9% $589 / Sq Ft
04/29/2022 04/29/22 For Sale $999,000 -- $693 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,337 $74,100 $13,380 $60,720
2024 $3,337 $74,640 $13,380 $61,260
2023 $3,250 $79,920 $13,380 $66,540
2022 $3,081 $64,380 $13,380 $51,000
2021 $3,115 $50,820 $13,380 $37,440
2020 $2,336 $55,200 $13,380 $41,820
2019 $2,896 $55,200 $13,380 $41,820
2018 $2,719 $13,336 $4,425 $8,911
2017 $2,622 $12,860 $4,419 $8,441
2016 $2,301 $12,333 $4,099 $8,234
2015 $901 $11,636 $3,402 $8,234
2014 $901 $11,538 $3,304 $8,234
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Polihros

    Seller's Agent in 2022

    Nicholas Polihros

    Douglas Elliman Real Estate

    (917) 952-2940

    1 in this area

    9 Total Sales

    Nicholas Polihros
    Section Image
  • Joanne Douglas

    Seller Co-Listing Agent in 2022

    Joanne Douglas

    Douglas Elliman Real Estate

    (917) 539-2800

    1 in this area

    27 Total Sales

    Joanne Douglas
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10787137

Real Estate Board of New York (REBNY)

APN: 03340-0041

New York Kings County Brooklyn 11221 Bushwick

63 Palmetto St, Brooklyn, NY

This home is located at 63 Palmetto St, Brooklyn, NY 11221 since 29 April 2022 and is currently estimated at $1,056,275, approximately $732 per square foot. 63 Palmetto St is a home located in Kings County with nearby schools including P.S. 299 Thomas Warren Field, J.H.S. 291 Roland Hayes, and Brooklyn Excelsior Charter School.

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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