$829,000
↑ $516K (62.2%)
●
Townhouse -
Off Market
1875 Palmetto Street #BUILDING
Queens, NY 11385
8 Beds
4 Baths
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
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
Location Details
Subdivision Name: Ridgewood
Stories Total: 2
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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
Sold
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
-
Sold
Multifamily
8
Beds
3
Baths
-
$985,000
Oct 6, 2020
$985,000
Feb 24, 2021
$492/mo
Sold
Multifamily
9
Beds
4
Baths
-
$1,200,000
Jul 27, 2020
$1,200,000
Dec 28, 2020
$600/mo
Active
Townhouse
8
Beds
3.5
Baths
3,000 ft²
$490/ft²
$1,470,000
Apr 17, 2023
-
$986/mo
In Contract
Townhouse
4
Beds
3
Baths
1,200 ft²
$1,292/ft²
$1,550,000
Jul 19, 2022
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/09/2015
|
8 Bed
|
4 Bath
|
2614 ft²
|
$1,350,000
8 Bed
4 Bath
2614 ft²
|
$1,345,000
-0.37%
02/26/2016
|
-
|
JOSHUA GOLAN
Compass
|