$799,000
Updated 5 years ago
Sold

246 Palmetto Street

Bushwick, Brooklyn | Wilson Ave & Knickerbocker Ave

8 Rooms5 Beds3 Baths1,600 Square FeetMulti-Family

$799,000
floors / apts2 / 2
Lot Size20'x100'
Built Size20'x40'
ZoneR6
Building TypeTownhouse
RE Taxes$2,450
Price Per SF
$499

This property was sold for $730,000 on 05/19/21.

Property Description for 246 Palmetto Street

Incredible investment opportunity! Short Sale subject to bank approval. 246 Palmetto is a legal two family townhouse built 20 feet wide 40 feet deep on a 100 foot lot. This versatile footprint can work great as a two family income producing property or single family with tremendous living space. The possibilities are endless! Bring your contractor as this property requires full renovation and is being sold 'as is' Great renovation loan options available. Contact us today for a site tour.

Listing History for 246 Palmetto Street

Now
05/19/2021
$730,000
Sold and Closed by Damon R. Bodine
Corcoran
04/02/2021
Contract Signed by Damon R. Bodine
Corcoran

Building Details for 246 Palmetto Street

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

Myrtle-Wyckoff Avs
0.3 miles
Knickerbocker Av
0.34 miles

Citi Bike

Linden St & Knickerbocker Ave
0.12 miles
Putnam Ave & Knickerbocker Ave
0.16 miles

Contact Agents

Contact Agents

Damon Bodine
Corcoran
Riana Bodine
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: 74999TH