248 Palmetto Street Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11221
Key Details
Property Type Townhouse
Sub Type For Sale
Listing Status Active
Purchase Type For Sale
Subdivision Bushwick
MLS Listing ID 988359
Property Sub-Type For Sale
Property Description
Welcome to 248 Palmetto Street; a sprawling 3-family investment opportunity, just hitting the market in ultra-trendy Bushwick! Imagine an enormous, 3,600 square foot home, in which each of the oversize 1,200 square feet apartments have 3-bedrooms and 1-bathroom, so the opportunity to generate an impressive return in a very hot rental market is most notable, right from day one! This huge, 20 by 60 foot building, sits on a 20 by 100 square foot lot, with R6 zoning and an unused FAR of 1,260 square feet; it also has many of the appealing original features like the beautiful, basket-weave parquet wood floors and the large barrel front Bay Windows that form the front living rooms of each of the 3 levels, allowing for an abundance of natural light. The basement is fully-finished and recently renovated, and it also has its very own separate front entrance. The entire building benefitted from a top-to-bottom overhaul, including new windows, plumbing, electrical and heating in 2001, not to mention a brand new boiler installed just 2-years ago! The backyard is an absolute jewel, with a large and comfortable, 620-foot open-air garden space, perfect for safe social gatherings due to the sheer size of the back-garden space! With yearly taxes a modest $3,938 and a very motivated seller, the timing couldn't be better to get into this amazing opportunity. Just a few minutes' walk to the Knickerbocker Avenue M train in a great area! This won't last! Call today!
Location
State NY
Community Bushwick
Building
Story 3
Others
Pets Allowed No Pets