Financial
Distress signals
Property profile

222 Palmetto St Brooklyn, NY 11221

OFF-MARKET
Investment properties
Property ID
US63-2793603
3,750 SF 0.05 ac lot Built 1931
Last sale Jan 2024 · $1,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$11k
Tax billed · 2024
Assessed value$392k
Assessed land$38k
Assessed improvement$355k
Effective rate2.76%

Value estimate

· Sep 2026
$1.55M
$1.40M – $1.71M
AI approach$1.55M
CAP approach$2.10M
Sales comparison$1.75M

Realmo valuation models over county records and 30 qualifying comparable sales.

Recently sold

What actually traded nearby?
$360/SF
ZIP average, outlier-cleaned · 82 recorded sales of this use type
Observed band · Q1–Q3$245 – $467
Qualifying comparables30

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R6
This district focuses on medium density housing in areas with higher accessibility to transportation and community services, allowing for...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm128.8
Realty agency68.1
Parking Facility37.1

Location

222 Palmetto St Brooklyn, NY 11221-8242
County assessor Recorded deeds · 2 transfers 30 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
178 Weirfield, Brooklyn, NY 11221 $1,600,000 Nov 2024 4,400 SF
358 Marcus Garvey, Brooklyn, NY 11221-8560 $1,800,000 Jul 2024 4,000 SF
58 Howard, Brooklyn, NY 11221 $600,000 May 2024 4,400 SF
98 Suydam, Brooklyn, NY 11221-2708 $1,200,000 Apr 2024 4,636 SF
1195 Bushwick, Brooklyn, NY 11221-4810 $1,029,720 Oct 2023 4,000 SF
563 Gates, Brooklyn, NY 11221-6410 $1,950,000 Aug 2023 4,640 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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