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$ 1,450,000
Est. payment | /mo
$ 1,450,000
Est. payment | /mo
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
Listed by Douglas Elliman