$1,132,000
$1,132,000
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8 Beds
3 Baths
3,300 SqFt
SOLD DATE : 11/23/2020
Key Details
Sold Price $1,132,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $343
Subdivision Ridgewood
MLS Listing ID OLRS-0075723
Sold Date 11/23/20
Style Prewar
Bedrooms 8
Full Baths 3
HOA Y/N No
Year Built 1920
Property Description
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 5.6 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.
Location
State NY
County Queens
Zoning R5B
Building Detail https://www.elegran.com/nyc/buildings/64-21-palmetto-st?listingId=1059556353&sold-listing=true
Interior
Fireplace No
Exterior
Private Pool No
Building
Story 2
Others
Pets Allowed Pets Allowed
Pets Description Building Yes, Yes
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RLS Data display by Elegran | Forbes Global Properties