122 PALMETTO Street #1L
About This Property
Welcome to 122 Palmetto Street where Bushwick's
prime location meets Miami aesthetic. This 8-unit boutique condominium has been
thoughtfully crafted with European floor to ceiling windows flooding the
carrera tile flooring with light. If you are tired of seeing the same old
cookie cutter apartments your search ends here. Each home stretches the whole
length of the building. All the bedrooms face south, have walk-in closets, and
some even have balconies. While the front of the home faces treetops allowing for
evening light & summer shade. This unit stands out as the gem of the
building as it's a windowed duplexed and features your very own backyard!
The kitchens have sleek German-design and are
equipped with Bosch appliances, soaring high ceilings, and best part there's
poured concrete in between you and your neighbor, allowing privacy and
stillness. The home is ready to be smart home outfitted, all the appliances are
energy start efficient. As well as appointed bathrooms add to the overall
allure. Each apartment is equipped with central AC and heating, along with
individual temperature controls for each room. Attention has been given to
every detail, ensuring that all you need to do is move in and savor the good
life. The "J" & "Z" Gates Ave subway stop is just up
the street. The neighborhood's array of restaurants, shops, and bars that
define Bushwick are all at your fingertips, residing at 122 Palmetto will truly
make you feel like there is no place like home.
Listed By
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 29, 2025 | Price Decreased |
$874,995
↓ $25K
(2.8%) | |
Price Decreased | |||
Jan 13, 2025 | Listed by Corcoran Group | $899,995 | |
Listed by Corcoran Group |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/24/2024
|
2 Bed
|
1 Bath
|
936 ft²
|
$774,995
2 Bed
1 Bath
936 ft²
|
$774,995
10/24/2024
|
-
|
Jessica L Peters
Douglas Elliman Real Estate
| |
09/03/2024
|
2 Bed
|
1 Bath
|
936 ft²
|
$774,995
2 Bed
1 Bath
936 ft²
|
$789,139
+1.83%
11/21/2024
|
-
|
Brooke Koropatnick
The Corcoran Group
| |
05/23/2024
|
1 Bed
|
1 Bath
|
600 ft²
|
$550,000
1 Bed
1 Bath
600 ft²
|
$550,000
05/23/2024
|
-
|
MARK MARTOV
Corcoran Group
| |
05/16/2024
|
1 Bed
|
1 Bath
|
-
|
$550,000
1 Bed
1 Bath
|
$575,000
+4.55%
05/16/2024
|
-
|
MARK MARTOV
Corcoran Group
| |
03/04/2019
| |
Studio
|
-
|
-
|
$1,400,000
Studio
-
|
-
-
|
-
|
Asher Alon
AVALANCHE HOME GROUP LLC
|
Building Info
- 2 Units for Sale

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