by RH Advisors

See Home Value
New York Queens 11385 Ridgewood
1875 Palmetto Street #BUILDING
$829,000
↑ $516K (62.2%)
Townhouse - Off Market

1875 Palmetto Street #BUILDING

Queens, NY 11385
bedrooms
8 Beds
bathrooms
4 Baths
square feet
2614 Sqft
$2,204,445
RealtyHop Estimate
63.90%
Since Mar 1, 2016
NY-New York
Primary Model

About This Property

AMAZING INVESTMENT OPPORTUNITY. ~5.5% CAP RATE

Lower Level Duplex Rent: $4,000/month

Upper Level Unit Rent: $2,800/month

This Queens two-family impresses with updated interiors, expansive living space and a fantastic location where Ridgewood meets Bushwick. Featuring a five-bedroom, two-bathroom duplex with private outdoor space and a top-floor three-bedroom, two-bathroom apartment, this building is an ideal opportunity for investors or end-users.

A covered porch invites you inside the duplex's main level, where you'll find an open-plan living/dining area and an updated kitchen featuring stainless steel appliances, including a gas range, dishwasher, and built-in microwave. French doors open to an extra-large bedroom that could easily serve as a living space or spacious home office. At the rear of the level, two bedrooms share an updated full bathroom. A deck leads to the extra-large 780-square-foot garden  the perfect destination for summer entertaining under mature trees. On the duplex's lower level, a large rec room is flanked by two bedrooms and another full bathroom. Excellent closet space throughout both floors adds wonderful convenience.

The sun-splashed top-floor apartment welcomes you with hardwood floors, tall ceilings and a bright skylight. The large living/dining room leads to a fantastic windowed kitchen with sleek cabinetry, a pantry and all-new Frigidaire appliances. Three well-proportioned bedrooms and two renovated bathrooms complete the well-planned layout.

Located on a quaint tree-lined residential Ridgewood street, just four blocks from the border of Bushwick, this exceptional property is surrounded by fantastic restaurants, nightlife venues and art galleries. Enjoy Rosemary on the next block, while tech startups and studio spaces fill the surrounding area, including the new 170,000-square-foot Netflix production facility. Transportation is effortless with M and L trains and excellent bus service within easy reach.

*Please note that the photos shown here have been virtually staged to show potential layouts
Unit Size
2,614Ft²
Days on Market
109 days
Land Size
-
Price per sqft
$515
Property Type
Townhouse
Property Taxes
-
HOA Dues
-
Year Built
1910
Last updated: 3 months ago (RLS #OLRS-0061174)

Price History

Date / Event Date Event Price
Jul 29, 2022 Price Increased $1,345,000
↑ $516K (62.2%)
Price Increased
Jul 8, 2022 In contract -
In contract
Feb 26, 2016 Sold $829,000
Sold
Nov 9, 2015 Listed by Compass $1,350,000
Listed by Compass

Property Highlights

Interior Details

Bedroom Information

Bedrooms: 8

Bathroom Information

Full Bathrooms: 4

Interior Information

Living Area: 2614

Room Information

Rooms: 13
Exterior Details

Property Information

Year Built: 1910

Building Information

Pets Allowed: Building Yes, Yes

Lot Information

Lot Size Dimensions: 28.33 x 100.0

Land Information

Tax Lot: 57
Tax Block: 3468


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
8 Beds
5 Baths
-
$1,250,000 Jul 6, 2020
$1,250,000 Mar 25, 2021
$573/mo
Multifamily
8 Beds
4 Baths
-
$1,360,000 Sep 8, 2020
$1,360,000 Dec 11, 2020
$776/mo
Multifamily
8 Beds
4 Baths
-
$1,400,000 Jul 10, 2019
$1,400,000 Oct 21, 2019
$535/mo
House
4 Beds
4 Baths
3,000 ft²
$422/ft²
$1,265,000 Jul 20, 2022
$1,265,000 Sep 17, 2022
-
Multifamily
8 Beds
3 Baths
-
$985,000 Oct 6, 2020
$985,000 Feb 24, 2021
$492/mo
Multifamily
9 Beds
4 Baths
-
$1,200,000 Jul 27, 2020
$1,200,000 Dec 28, 2020
$600/mo
Townhouse
8 Beds
3.5 Baths
3,000 ft²
$490/ft²
$1,470,000 Apr 17, 2023
-
$986/mo
Multifamily
8 Beds
4 Baths
-
$1,350,000 Jan 20, 2023
-
$749/mo
Condo
8 Beds
4 Baths
-
$1,599,000 Apr 17, 2021
-
$514/mo
Townhouse
4 Beds
3 Baths
1,200 ft²
$1,292/ft²
$1,550,000 Jul 19, 2022
-
-
Multifamily
7 Beds
3 Baths
-
$1,299,000 May 1, 2023
-
$629/mo
Multifamily
7 Beds
3 Baths
-
$1,399,000 Feb 1, 2022
-
$593/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20151109 Unit BUILDING
11/09/2015
8 Bed
4 Bath
2614 ft²
$1,350,000
bedrooms
8 Bed
bathrooms
4 Bath
square feet
2614 ft²
$1,345,000 -0.37%
02/26/2016
-
JOSHUA GOLAN
Compass

Building Info

1875 Palmetto Street 1875 Palmetto Street, Ridgewood, NY 11385
  • 2 Units
More about this Building
1875 Palmetto Street
Want to find out who owns 1875 Palmetto Street, Ridgewood, NY 11385? Get detailed property transactions here .

About Northwestern Queens


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