72 Palmetto Street – Bushwick Development Opportunity with Air Rights
An excellent opportunity for investors or developers in the heart of Bushwick, Brooklyn. 72 Palmetto Street is a 2-unit property situated on a 25 ft x 100 ft lot with R6 zoning and a total of 6,172 buildable square feet — offering substantial air rights and flexible potential for redevelopment or expansion.
Currently configured as a residential two-family and delivered vacant, the property provides multiple paths forward: renovate and hold as income-producing, convert to a single-family, or pursue a ground-up development (subject to zoning and DOB approvals).
Highlights:
Lot size: 2,500 sq ft (25' x 100')
Zoning: R6 | Buildable SF: 6,172 (per FAR)
Delivered vacant – no tenant buyouts or delays
Quiet, tree-lined block near Gates Ave (J/Z) & Myrtle-Wyckoff (L) trains
Strong neighborhood demand and development activity
Located just off Bushwick Avenue, this property sits in a high-demand rental and development corridor, surrounded by cafes, restaurants, converted loft spaces, and new residential projects. Whether you're looking to renovate, expand, or build, 72 Palmetto offers solid fundamentals and long-term upside in one of Brooklyn's most active submarkets.
Active
$1,650,000
72 Palmetto St, Brooklyn, NY 11221
4beds
6,172sqft
Multi Family
Built in 1910
-- sqft lot
$1,627,800 Zestimate®
$267/sqft
$-- HOA
What's special
- 71 days
- on Zillow |
- 189 |
- 4 |
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