by RH Advisors

See Home Value
New York Queens 11385 Ridgewood
64-21 Palmetto Street #BUILDING
$1,132,000
Multifamily - Off Market

64-21 Palmetto Street #BUILDING

Queens, NY 11385
bedrooms
8 Beds
bathrooms
3 Baths
square feet
3300 Sqft
$1,484,454
RealtyHop Estimate
31.14%
Since Dec 1, 2020
NY-New York
Primary Model

About This Property

This pristine Two-family brick townhouse is an outstanding opportunity for home-buyers and investors. Nestled on a gorgeous and quiet tree-lined block in sought-after Ridgewood, Queens.

Spanning 3,300 square feet, this home has been beautifully gut renovated. Exposed brick, hardwood floors and designer details fill this beautifully remodeled home. Configured with two separately metered four-bedroom units. Lacquer cabinetry and stainless-steel appliances fill the well-equipped kitchens, and bathrooms boast excellent tile work and modern fixtures. Split HVAC units and in-unit washer-dryers add comfort and convenience, the mechanicals, electricity and roof were all updated during the building's thorough renovation.

The lower unit is a potential owner's duplex with four bedrooms, two full bathrooms and exclusive access to the large fenced garden. On the second floor, you'll find a bright and beautiful four-bedroom, one-and-a-half-bedroom unit with sunny skylights and treetop views. There is a finished basement with a separate entrance.

This property offers very low annual expenses at approximately $10,000 per year and solid potential rents: rent the first floor for $3,600 and the second floor for $3,300. Projected Net Income of approximately $73,500 as an investment property  5.6 percent CAP Rate. Delivered vacant.

Enjoy great shopping, dining, and services along nearby Fresh Pond Road. Joseph F. Mafera Park offers baseball fields, basketball and handball courts, roller hockey and a playground. The M train is just minutes away, ushering passengers into Manhattan in a half-hour.
Unit Size
3,300Ft²
Days on Market
165 days
Land Size
-
Price per sqft
$343
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1920
Last updated: 3 months ago (RLS #OLRS-0075723)

Price History

Date / Event Date Event Price
Nov 23, 2020 Sold $1,132,000
Sold
Jun 11, 2020 Listed by Compass $1,132,000
Listed by Compass

Property Highlights

Interior Details

Bedroom Information

Bedrooms: 8

Bathroom Information

Full Bathrooms: 3

Interior Information

Living Area: 3300

Room Information

Rooms: 14
Exterior Details

Property Information

Year Built: 1920

Building Information

Pets Allowed: Building Yes, Yes

Lot Information

Lot Size Dimensions: 20.0 x 100.0

Land Information

Tax Lot: 27
Tax Block: 3616


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
8 Beds
5 Baths
-
$965,000 Jun 22, 2020
$965,000 Oct 23, 2020
$468/mo
Multifamily
7 Beds
2 Baths
-
$1,075,000 Apr 29, 2023
$1,075,000 Aug 1, 2023
$533/mo
Multifamily
7 Beds
4 Baths
-
$1,295,000 Jul 21, 2022
$1,295,000 Sep 19, 2022
$753/mo
Multifamily
6 Beds
4 Baths
-
$970,000 Aug 13, 2020
$970,000 Apr 12, 2022
$382/mo
Multifamily
5 Beds
2 Baths
-
$1,100,000 Mar 11, 2020
$1,100,000 Nov 9, 2020
$550/mo
Multifamily
6 Beds
3 Baths
-
$1,100,000 Oct 8, 2020
$1,100,000 Jun 23, 2021
$643/mo
Multifamily
8 Beds
5 Baths
-
$1,249,000 Feb 21, 2023
-
$677/mo
Multifamily
8 Beds
4 Baths
-
$1,350,000 Jan 20, 2023
-
$749/mo
Multifamily
7 Beds
3 Baths
-
$1,249,000 May 1, 2023
-
$543/mo
Multifamily
7 Beds
3 Baths
-
$1,299,000 May 1, 2023
-
$629/mo
In Contract
Multifamily
4 Beds
3 Baths
-
$1,128,000 May 8, 2023
-
$748/mo
In Contract
Multifamily
6 Beds
2 Baths
-
$1,140,000 Mar 7, 2023
-
$623/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200611 Unit BUILDING
06/11/2020
8 Bed
3 Bath
3300 ft²
$1,132,000
bedrooms
8 Bed
bathrooms
3 Bath
square feet
3300 ft²
$1,132,000
11/23/2020
-
Joe Cruz
Town Residential
20190405
04/05/2019
8 Bed
4 Bath
-
$1,395,000
bedrooms
8 Bed
bathrooms
4 Bath
-
-
-
-

Building Info

64-21 Palmetto Street 64-21 Palmetto Street, Ridgewood, NY 11385
  • 2 Units
More about this Building
64-21 Palmetto Street
Want to find out who owns 64-21 Palmetto Street, Ridgewood, NY 11385? Get detailed property transactions here .

About Northwestern Queens


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