$1,390,000
Updated 6 years ago
Off Market

228a Palmetto Street

Bushwick, Brooklyn | Knickerbocker Ave & Wilson Ave

8 Rooms5 Beds2 Baths2,100 Square FeetMulti-Family

$1,390,000
floors / apts3 / 2
Lot Size17'x83'6"
Built Size20'x50'
ZoneR6
Building TypeTownhouse
RE Taxes$1,923
Price Per SF
$662

Outdoor space and views

  • Backyard
  • Deck
  • Garden

Building Amenities

  • Voice Intercom
  • Garden
  • Laundry Room
  • Outdoor Parking
  • Second Entry
  • Stoop Entry
  • Storage

Property Description for 228a Palmetto Street

Fully renovated 2-family brick townhouse with finished basement is perfect for investors looking for an immediate 4.5%+ cap rate without having to do work!The parlor/garden unit has 2 sizable bedrooms, giant living room, and bathroom with both stall shower and tub. This unit has backyard access and a huge recently finished recreation area in the basement (ceiling height of basement 5'10").The top floor unit has 3 bedrooms (one with a pretty skylight), 1 bathroom and staircase access to the backyard as well!The entire townhouse boasts high ceilings, all new finishes, huge windows, and excellent light. Kitchens feature large breakfast bar, custom white lacquer cabinetry, tile backsplash, and high-end appliances. Washer/dryer hookup in both units and central heating/air conditioning complete this turn key home. Both units are current leased out until 9/2020 (first floor $2,800/month and second floor $3,000/month). After that, either one would make an excellent owner's unit. Since both units are occupied, please provide at least 24 hours notice to show.

Listing History for 228a Palmetto Street

Now
06/01/2020
POM by Andrew Mak
Corcoran
2020

Building Details for 228a Palmetto Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Myrtle-Wyckoff Avs
0.33 miles
Knickerbocker Av
0.35 miles

Citi Bike

Linden St & Knickerbocker Ave
0.15 miles
Central Ave & Woodbine St
0.16 miles

Contact Agents

Contact Agents

Andrew Mak
Corcoran

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 58504TH