18-75 Palmetto Street

Ridgewood

$1,345,000
Last Sold Price
8
Beds
4
Baths
2,614 Sq. Ft.
$515 / Sq. Ft.
2,614
Sq. Ft.
$515
per Sq. Ft.

Description

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
...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

Listing Agents

  1. Adam Sadel

    Adam Sadel

    Listing Agent

    Compass

    adam.sadel@compass.com

    P: 201.370.8465

  2. Joshua Golan

    Joshua Golan

    Alternative Listing Agent

    Compass

    josh.golan@compass.com

    P: 718.415.4410

  3. The Golan Team

    The Golan Team

    Alternative Listing Agent

    Compass

    golanteam@compass.com

    P: 718.454.5400

Amenities

  • Deck
  • Decorative Mouldings
  • Hardwood Floors
  • High Ceilings
  • Dishwasher
  • Stainless Steel Appliances
  • Gas Oven
  • Eat-in Kitchen

Location

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LISTING UPDATED: 07/27/2022 06:57 PM

Property Details for 18-75 Palmetto Street

StatusSold
MLS IDH6194025
Days on Market21
Taxes$516 / month
Maintenance-
Min. Down Pymt-
Total Rooms13.0
Compass TypeTownhouse
MLS TypeMulti Family
Year Built1910
Lot Size2,000 SF
CountyQueens County

Location

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Virtual Tour

Building Information for 18-75 Palmetto Street

Stories-Residences-Year Built1910Building Size20' x 100'Lot Size2,000 SFBuilding Age-Building Type-Senior Community-

Payment Calculator

$7,856 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,340

Property Taxes

$516

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 18-75 Palmetto Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18-75 Palmetto Street

Taxable ValueLand-Additions-Total-
Home Facts
APN4034680057

Schools near 18-75 Palmetto Street

This home is within New York City Geographic District #24.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
P.S. 88 Seneca
PublicPK to 5

Is 93 Ridgewood
Public6 to 8

Grover Cleveland H.S.
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.