1 month on rocket

242 Palmetto St, New York City, NY, 11221

$1,750,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
6 Full Baths
House

Location

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242 Palmetto St, New York$1,750,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1900
HeatingNone
MLS #RLMX-103575
StatusActive

About 242 Palmetto St

Delivered Vacant, additional FAR!!! Rare opportunity to own a well-maintained, vacant 3-family home in the heart of Bushwick, built in 2007! This modern building is perfect for owner-occupiers and investors alike, offering a spacious layout and convenience at every level. Potential for expansion and/or condo conversion. 3 separate Navien tankless heat/water system for each unit. Property Features: First Floor: A 2-bedroom, 2 full bathroom apartment with an office space. Enjoy direct access to a private backyard, ideal for relaxation or entertaining. Second Floor: 3-bedroom, 2 full bathroom apartment with an office, providing plenty of room and comfort. Third Floor: 4-bedroom, 2 full bathroom apartment, perfect for larger families or shared living arrangements. Basement: Fully finished apartment with its own private entrance/exit, offering flexible recreation space. Location Highlights: Just 2 ? blocks to the Myrtle-Wyckoff M/L subway station-a commuter's dream! Situated off Knickerbocker Ave and close to the Myrtle Ave shopping district, offering a wide variety of shops, restaurants, and amenities. Don't miss out on this rare chance to purchase a vacant, legal 3-family home in Bushwick. Whether you're looking to move in or rent out, this property is a fantastic investment in one of Brooklyn's most vibrant neighborhoods!<br><br><br><br><br><br>

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: Crifasi Realty Associates Inc
  • Office Phone: (718) 821-5999
  • Listing Agent: Sal Crifasi
  • Agent Phone: (718) 821-5999

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 9

Utilities

Utilities Information:

  • Heating: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,750,000

HOA Fees:

  • Amount: $0
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

242 Palmetto St vs New York

51 DAYS ON ROCKET

-33 Days

$1,750,000

+$893.8K More

KEY TAKEAWAY

This property is $893.8K more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #RLMX-103575

Listing Office:

  • Office Name: Crifasi Realty Associates Inc
  • Office Phone: (718) 821-5999
  • Listing Agent: Sal Crifasi
  • Agent Phone: (718) 821-5999

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/16/2024, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$8,802

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-115476
3
/10

  • P.S. 377 Alejandrina B. De Gautier School

  • 200 Woodbine St

  • 0.10 miles

  • Public District Grades PK-5

school-card-donut-115477
2
/10

  • P.S. 106 Edward Everett Hale School

  • 1328 Putnam Ave

  • 0.15 miles

  • Public District Grades PK-5

school-card-donut-115478
3
/10

  • P.S. 116 Elizabeth L. Farrell School

  • 515 Knickerbocker Ave

  • 0.21 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,421. The majority of New York, NY residents have income less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 242 Palmetto St

What is the listing price of this property?

The listing price of 242 Palmetto St property is $1,750,000.

What type of property is this?

The property 242 Palmetto St is a house located in New York City, New York, 11221.

Is this property for sale now?

Active Listing: 242 Palmetto St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 242 Palmetto St has 9 bedrooms and 6 bathrooms.

What is the square footage of this property?

The sq. ft. of 242 Palmetto St is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 242 Palmetto St is 1900.

Rocket Homes›New York›Kings County›New York›11221›242 Palmetto St

This home is located at 242 Palmetto St in New York City, NY and zip code 11221 in the Bushwick neighborhood. This home was built in 1900. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,750,000.

In October 2024, from all listings sold in New York, NY there were more than 269 sold above asking price, over 833 sold below and more than 850 were sold right at the asked price. The number of homes for sale in New York, NY increased by 1.8% between September 2024 and October 2024. The median list price of listings available in October 2024 was $856,124, while the average time on the real estate market was 84 days.

From Rocket Homes Real Estate and based on county public records data.

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