64-21 Palmetto Street, Queens, New York, 11385

64-21 Palmetto Street
Queens NY 11385

Cross street:64th Street

Building

Type:Townhouse
Era:Post-war
Floors:2

Property

Ownership: Multi-Family
Rooms: 14
Bedrooms: 8 BR
Bathrooms: 3
Pets: Pets Unknown

Financials

Price: $1,199,000
47-44 Vernon Blvd, Long Island City, NY 11101
Courtesy of Compass

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.

Amenities

Garden;

  • Garden
  • Walk-up

Neighborhood

More listings:

This pristine Two family brick townhouse is an outstanding opportunity for home buyers and investors.

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.

Amenities

Garden;

  • Garden
  • Walk-up

Neighborhood

More listings:

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. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.