$1,255,000
Updated 5 years ago
Sold

228a Palmetto Street

Bushwick, Brooklyn | Knickerbocker Ave & Wilson Ave

2 Rooms5 Beds2 Baths2,100 Square FeetMulti-Family

$1,255,000
floors / apts3 / 2
Lot Size17'x83'6"
Built Size20'x50'
ZoneR6
Building TypeTownhouse
RE Taxes$1,968
Price Per SF
$598

This property was sold for $1,255,000 on 05/26/21.

Outdoor space and views

  • Backyard
  • Deck
  • Garden
  • Garden Views

Building Amenities

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

Property Description for 228a Palmetto Street

RARE GEM OF A TOWNHOUSE W/ 2 UNITS IN PRIME BUSHWICK Fully renovated 2-family townhouse in the heart of Bushwick with amazing cap rate! Apartments are presently occupied with a strong rent roll in place : $68,400 yearly rent roll, in place and guaranteed until September 30, 2021). Completely renovated in 2015, this 18 ft wide and 60ft deep townhouse offers luxury living in one Brooklyn’s trendiest neighborhoods. Walking into the garden unit, you’re immediately struck by the sheer size of the great room. Your eyes are drawn to the stunning brick feature wall and tall ceilings. The great room flows effortlessly into a beautifully designed kitchen. Complete with a six-burner stove, stainless steel appliances, custom white lacquer cabinetry, and an eat-in breakfast bar, no expense has been spared. The two bedrooms, located just off the great room, have large closets and garden views/access. The bathroom is akin to your very own spa, clad in white marble tiles and with two separate showers, one with a deep soaking tub. The second unit is just as impressive and features the same thoughtfully designed finishes. It boasts three spacious bedrooms, in-unit laundry, and a skylight. The townhouse also has a finished recreation area in the basement and central AC/heating. Both units have direct backyard access, perfect for al-fresco dining or socializing under the stars. The building has a fully finished rec room/ basement area. 228A Palmetto St is located in the heart of Bushwick, one of New York City’s fastest growing neighborhoods. The townhouse is conveniently located just blocks away from the L subway station and some of the best local eats like Aquino’s and Angela’s Bakery.

Listing History for 228a Palmetto Street

Now
05/26/2021
$1,255,000
Sold and Closed by Grigor Licul
Compass
03/17/2021
Contract Signed by Grigor Licul
Compass

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

Ante Jakic
Compass

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