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Off market
  • $1,525,500

    1875 Palmetto St, Flushing, NY 11385

    8beds
    2,614sqft
    MultiFamily
    Built in 1910
    -- sqft lot
    $1,525,500 Zestimate®
    $584/sqft
    $3,908 Estimated rent

    Home value

    $1,525,500

    $1.40M - $1.66M

    $3,908/mo

    Zestimate® history
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    $3,908/mo

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    $3,908/mo

    Rent Zestimate®

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    $9,274/mo

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    $9,274/mo

    Est. payment

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    What's special

    Tall ceilingsCovered porchPrivate outdoor spaceBuilt-in microwaveArt galleriesFrench doorsExpansive living space

    AMAZING INVESTMENT OPPORTUNITY. ~5.5% CAP RATE Lower Level Duplex Rent: $4,000/month Upper Level Unit Rent: $2,800/month This Queens two-family impresses with updated interiors, expansive living space and a fantastic location where Ridgewood meets Bushwick. Featuring a five-bedroom, two-bathroom duplex with private outdoor space and a top-floor three-bedroom, two-bathroom apartment, this building is an ideal opportunity for investors or end-users. A covered porch invites you inside the duplex's main level, where you'll find an open-plan living/dining area and an updated kitchen featuring stainless steel appliances, including a gas range, dishwasher, and built-in microwave. French doors open to an extra-large bedroom that could easily serve as a living space or spacious home office. At the rear of the level, two bedrooms share an updated full bathroom. A deck leads to the extra-large 780-square-foot garden -- the perfect destination for summer entertaining under mature trees. On the duplex's lower level, a large rec room is flanked by two bedrooms and another full bathroom. Excellent closet space throughout both floors adds wonderful convenience. The sun-splashed top-floor apartment welcomes you with hardwood floors, tall ceilings and a bright skylight. The large living/dining room leads to a fantastic windowed kitchen with sleek cabinetry, a pantry and all-new Frigidaire appliances. Three well-proportioned bedrooms and two renovated bathrooms complete the well-planned layout. Located on a quaint tree-lined residential Ridgewood street, just four blocks from the border of Bushwick, this exceptional property is surrounded by fantastic restaurants, nightlife venues and art galleries. Enjoy Rosemary on the next block, while tech startups and studio spaces fill the surrounding area, including the new 170,000-square-foot Netflix production facility. Transportation is effortless with M and L trains and excellent bus service within easy reach. *Please note that the photos shown here have been virtually staged to show potential layouts

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Appliances
    • Included: Dishwasher
    Interior area
    • Total interior livable area: 2,614 sqft

    Property

    Lot
    • Size: 2,000 sqft
    Details
    • Parcel number: 034680057

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1910

    Community & neighborhood

    Location
    • Region: Flushing

    Price history

    DateEventPrice
    8/8/2022Sold$1,345,000-0.4%$515/sqft
    Source: Public Record Report a problem
    7/7/2022Pending sale$1,350,000$516/sqft
    Source: StreetEasy Report a problem
    6/16/2022Listed for sale$1,350,000+62.8%$516/sqft
    Source: StreetEasy Report a problem
    9/15/2016Sold$829,000$317/sqft
    Source: OneKey® MLS as distributed by MLS GRID #L2809110 Report a problem
    3/18/2016Sold$829,000-2.5%$317/sqft
    Source: Public Record Report a problem
    12/12/2015Listing removed$850,000$325/sqft
    Source: Online Homes Real Estate Report a problem
    11/6/2015Listed for sale$850,000+77.5%$325/sqft
    Source: Online Homes Real Estate Report a problem
    7/20/2009Sold$478,750-7%$183/sqft
    Source: Public Record Report a problem
    12/14/2008Listing removed$515,000$197/sqft
    Source: Sawitonline.com #2027180 Report a problem
    11/22/2008Listed for sale$515,000-2.7%$197/sqft
    Source: Sawitonline.com #2027180 Report a problem
    7/28/2008Listing removed$529,525$203/sqft
    Source: NRT TriStates #2027180 Report a problem
    6/19/2008Listed for sale$529,525-6.4%$203/sqft
    Source: NRT TriStates #2027180 Report a problem
    4/7/2008Listing removed$565,500$216/sqft
    Source: Coach Realtors Report a problem
    4/1/2008Listed for sale$565,500$216/sqft
    Source: Coach Realtors Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $77,220 +19.8%
    2024-- $64,440 +9.9%
    2023-- $58,620 -2.1%
    2022-- $59,880 +20.7%
    2021-- $49,620 -3.6%
    2020$6,029 +6%$51,480 -2.7%
    2019$5,688 +4.5%$52,920 +103.4%
    2018$5,443 +8.8%$26,021 +6%
    2017$5,004 +4.3%$24,549
    2016$4,800 $24,549 +3.4%
    2015$4,800 +86.5%$23,736 +6%
    2014$2,574 $22,394 +3.3%
    2013-- $21,685 +6%
    2012-- $20,458
    2011-- $20,458 +3.4%
    2010-- $19,780 +6%
    2009-- $18,662 +3.3%
    2008-- $18,071

    Find assessor info on the county website

    Neighborhood: Ridgewood

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Community District 24

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.