The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,380,000
291 Palmetto St
Brooklyn, NY, 11237
View more Brooklyn, NY property pagesN/ABeds
3Baths
2,766Sqft
$499$/sqft
Listing Notes
Prime Bushwick Investment Opportunity. Built in 2011, this modern 3-story, all-brick 2-family townhouse offers exceptional versatility and massive rental potential. The property features a spacious layout with a fully finished basement level and a separate entrance, perfect for additional space/storage. A standout feature is the rare private parking space and exceptionally low carrying costs, with annual taxes of only $6,800. Perfectly located minutes from the L train and a high-rated middle school, this home is ideal for investors or owners looking for a property that pays for itself. Reliable tenants are currently in place, and the building can be delivered vacant.
Market Insights
Below nearby median-35%
$499/sqft vs a nearby median of $769/sqft.
Nearby median$769/sqft
Nearby properties12
Property size2,766 sqft
- -35% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,766 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$2.21M$2.01M – $2.41M · 50% confidence
vs ask $1.38M−$832k (−60.3%)
Asking price is about 60.3% below the fair value — likely to draw competing offers if it's still on market.
$769/sqft median across 9 tight comps × 2,766 sqft= $2.13M
- Transit access+$53k +2.5%
- Modern construction+$32k +1.5%
Cumulative NYC adjustments+$85k+4.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
Diligence Read3 items to check
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Listing Details
- Days on market
- 0 days
- Last price change
- No change recorded
- Listed
- May 12, 2026
- Photos
- 14 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- May 27, 2022 · $1,250,000
Features & Amenities
CarportBasementTwo Or More StoriesPrivate ParkingRental PropertyInvestment Opportunity
Photos
Building Facts
- Year built
- 2002
- Stories
- 2
- Total units
- 2
- Residential units
- 2
- Building area
- 2,766 sqft
- Lot size
- 2,000 sqft
- Land use
- One and two family buildings
- Building class
- B9
From NYC public records where available.
Price History
May 12, 2026Initial record
$1,380,000for sale
Public Records
DOB violations0 open
0 total recorded against the building
HPD violations0 open
0 total recorded
ACRIS documents10
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)27,921
Top: illegal parking
Top complaint types in ZIP 11237
- Illegal Parking3,351
- Noise - Street/Sidewalk3,250
- Noise - Residential2,735
- Blocked Driveway1,734
- Noise - Commercial1,619
Recent Transfers (ACRIS)
- May 27, 2022DEED$1,250,000
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.