64-21 Palmetto Street
64-21 Palmetto Street
Sold 4/29/22
Virtual Tour
Sold 4/29/22
Virtual Tour
Description
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...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 — 5.8 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.
Listing Agent
![Jeff Reyngach]()
jeffreyngach@compass.comP: 917.533.8540
Amenities
- Lowrise
Location
Property Details for 64-21 Palmetto Street
| Status | Sold |
|---|---|
| MLS ID | H6050161 |
| Days on Market | 95 |
| Taxes | $588 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 14.0 |
| Compass Type | Townhouse |
| MLS Type | Single Family |
| Year Built | 1920 |
| Lot Size | 2,000 SF / 20' x 100' |
| County | Queens County |
Building
64-21 Palmetto St
Location
Virtual Tour
Building Information for 64-21 Palmetto Street
Payment Calculator
$7,131 per month
30 year fixed, 7.25% Interest
$6,543
$588
$0
Property History for 64-21 Palmetto Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 64-21 Palmetto Street
Schools near 64-21 Palmetto Street
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. 71 Forest 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.
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