$1,132,000
●
Multifamily -
Off Market
64-21 Palmetto Street #BUILDING
Queens, NY 11385
8 Beds
3 Baths
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.
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
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
Sold
Multifamily
8
Beds
5
Baths
-
$965,000
Jun 22, 2020
$965,000
Oct 23, 2020
$468/mo
Sold
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
Sold
Multifamily
6
Beds
4
Baths
-
$970,000
Aug 13, 2020
$970,000
Apr 12, 2022
$382/mo
Sold
Multifamily
5
Beds
2
Baths
-
$1,100,000
Mar 11, 2020
$1,100,000
Nov 9, 2020
$550/mo
Sold
Multifamily
6
Beds
3
Baths
-
$1,100,000
Oct 8, 2020
$1,100,000
Jun 23, 2021
$643/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/11/2020
|
8 Bed
|
3 Bath
|
3300 ft²
|
$1,132,000
8 Bed
3 Bath
3300 ft²
|
$1,132,000
11/23/2020
|
-
|
Joe Cruz
Town Residential
|
|
04/05/2019
|
|
8 Bed
|
4 Bath
|
-
|
$1,395,000
8 Bed
4 Bath
|
-
-
|
-
|
-
|