by RH Advisors

Check Availability
$1,395,000
Multifamily - For Sale

248 PALMETTO Street #1

Brooklyn, NY 11221
bedrooms
2 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1080 Sqft
Upcoming Open House
1:45PM - 2:45PM, Sun, Apr 28 -
Book now
$7,475
Estimated Monthly
$625
HOA / Fees
2.09%
Cap Rate

About This Property

Welcome to 248 Palmetto Street - Bushwick's newest and
tastefully curated boutique condominium.

Each residence at 248 Palmetto Street offers polished and
refined intent as well as a contemporary approach to new-fashioned living. All
three residences boast Northern and Southern exposures as well as thoughtfully
spacious layouts - most of which include private outdoor space.

Residence #1 is a spacious duplex featuring two bedrooms and 2.5
baths. Beautiful bay windows provide a view to the tranquil tree-lined street
below. The considerably spacious living area, further accentuated by 10'
ceilings, provides the luxury of accommodating an array of interior concepts.
There is more than enough room for a home office configuration should you
choose to work from home.

The custom, meticulously curated kitchen was designed with the
modern household in mind. A beautifully veined stone lays effortlessly across
the kitchen counters while the back-splash provides character and personality.
All the stonework was tastefully chosen to highlight the honey-toned wooden
cabinetry which accents the space while providing warmth and depth. The
kitchen includes a top-of-the-line Bertazzoni appliance package including a 30"
gas stove, double-door refrigerator with a bottom freezer, 24" dishwasher, and
an above range microwave.

All of the bathrooms in this home are fastidiously designed and
feature a stunning blend of accent features with classic neutrals. The solid
wood vanities provide ample storage as well as aesthetic appeal. The city
bustle will soon disappear with a tranquil soak in the tub or a long, hot
shower. The half bath adds an extra touch of convenience to the unit.

The two bedrooms are well-proportioned, and the primary bedroom
features its own ensuite bathroom. The sunny primary boasts sizable windows and
a spacious walk-in closet. The ensuite bathroom will be sure to surprise and
delight with its gorgeous marble and tile work. Additionally, it is outfitted
with brushed nickel fixtures & hardware to tie in with the Calcutta Viola
marble that serves as the design's highlight.

Residence #1 also boasts its own verdant oasis in the form of a
private backyard. Additional space includes a roomy cellar space
downstairs.

248 Palmetto Street rests quietly in the center of the most
residential part of Bushwick, home to many neighborhood favorites including
L'imprimerie, Abe's Pagoda, Meza Azteca, Ltauha, Carmentas, and many more.
Nearest access to public transportation includes the M at Knickerbocker Avenue,
as well as the LM at Myrtle Wycoff and J at Gates Avenue.

This is not an offering. The complete offering terms are in an offering plan available from the File No. CD#23-0277.


Unit Size
1,080Ft²
Days on Market
39 days
Land Size
-
Price per sqft
$1,292
Property Type
Multifamily
Property Taxes
-
HOA Dues
$625
Year Built
1910
Listed By
Last updated: 4 days ago (RLS #RPLU-5122929070)

Price History

Date / Event Date Event Price
Mar 19, 2024 Listed by Douglas Elliman Real Estate $1,395,000
Listed by Douglas Elliman Real Estate

Property Highlights

Interior Details

Bedroom Information

Bedrooms: 2

Bathroom Information

Full Bathrooms: 2
Half Bathrooms: 1

Interior Information

Living Area: 1080

Room Information

Laundry Features: Building None, Washer Hookup, In Unit
Rooms: 5

Basement Information

Exterior Details

Property Information

Year Built: 1910

Building Information

Outdoor Living Structures: Terrace
Pets Allowed: Building No, No

Land Information

Tax Lot: 0016
Tax Block: 03352

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
5 Beds
3 Baths
-
$1,190,000 Feb 28, 2023
$1,190,000 Aug 31, 2023
$678/mo
Multifamily
5 Beds
3 Baths
-
$1,190,000 Feb 28, 2023
$1,190,000 Aug 31, 2023
$678/mo
Multifamily
5 Beds
3 Baths
-
$1,250,000 Jan 12, 2022
$1,250,000 May 11, 2022
$522/mo
Multifamily
5 Beds
3 Baths
-
$1,160,000 Sep 7, 2023
$1,160,000 Nov 2, 2023
$248/mo
Multifamily
5 Beds
4 Baths
-
$1,195,000 Mar 27, 2023
$1,195,000 Aug 18, 2023
$691/mo
Multifamily
8 Beds
4 Baths
-
$1,420,000 Jul 14, 2022
$1,420,000 Oct 11, 2022
$238/mo
Multifamily
2 Beds
2 Baths
1,085 ft²
$1,221/ft²
$1,325,000 Jan 8, 2024
-
$540/mo
Condo
2 Beds
1 Bath
1,512 ft²
$744/ft²
$1,125,000 Mar 20, 2024
-
$516/mo
Other
Loft
2 Baths
1,086 ft²
$1,082/ft²
$1,175,000 Apr 15, 2024
-
$419/mo
Other
Loft
3 Baths
577 ft²
$2,166/ft²
$1,250,000 Mar 21, 2024
-
$499/mo
House
3 Beds
1 Bath
2,250 ft²
$556/ft²
$1,250,000 Mar 15, 2024
-
$645/mo
Multifamily
5 Beds
3 Baths
-
$1,390,000 Apr 15, 2024
-
$790/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201220
12/20/2020
Studio
-
-
$1,450,000
bedrooms
Studio
bathrooms
-
-
-
-
Gavriel Ilyabayev
Elliman

Building Info

248 Palmetto Street 248 Palmetto Street, Brooklyn, NY 11221
  • 3 Units
  • 2 Units for Sale
More about this Building
248 Palmetto Street
Want to find out who owns 248 Palmetto Street, Brooklyn, NY 11221? Get detailed property transactions here .

About Northern Brooklyn


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