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Off market
  • $1,449,500

    228 Palmetto St #A, Brooklyn, NY 11221

    5beds
    2,100sqft
    MultiFamily
    Built in 1910
    -- sqft lot
    $1,449,500 Zestimate®
    $690/sqft
    $4,764 Estimated rent

    Home value

    $1,449,500

    $1.33M - $1.58M

    $4,764/mo

    Zestimate® history
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    $8,583/mo

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    What's special

    5%+ CAP RATE!! RARE GEM OF A TOWNHOUSE W/ 2 UNITS IN PRIME BUSHWICK!! Fully renovated 2-family townhouse in the heart of Bushwick with amazing cap rate! Apartments are presently occupied with a strong rent roll in place : $68,400 yearly rent roll, tenants in place until September 30, 2021. Completely renovated in 2015, this 18 ft wide and 50ft deep townhouse offers luxury living in one Brooklyn's trendiest neighborhoods. Walking into the garden unit, you're immediately struck by the sheer size of the great room. Your eyes are drawn to the stunning brick feature wall and tall ceilings. The great room flows effortlessly into a beautifully designed kitchen. Complete with a six-burner stove, stainless steel appliances, custom white lacquer cabinetry, and an eat-in breakfast bar, no expense has been spared. The two bedrooms, located just off the great room, have large closets and garden views/access. The bathroom is akin to your very own spa, clad in white marble tiles and with two separate showers, one with a deep soaking tub. The second unit is just as impressive and features the same thoughtfully designed finishes. It boasts three spacious bedrooms, in-unit laundry, and a skylight. The townhouse also has a finished recreation area in the basement and central AC/heating. Both units have direct backyard access, perfect for al-fresco dining or socializing under the stars. The building has a fully finished rec room/ basement area. 228A Palmetto St is located in the heart of Bushwick, one of New York City's fastest growing neighborhoods. The townhouse is conveniently located just blocks away from the L subway station and some of the best local eats like Aquino's and Angela's Bakery.

    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: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Washer
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,100 sqft

    Property

    Parking
    • Parking features: None
    Lot
    • Size: 1,461 Square Feet
    Details
    • Parcel number: 033520006

    Construction

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

    Community & HOA

    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $690/sqft
    • Tax assessed value: $1,186,000
    • Annual tax amount: $2,218

    Price history

    DateEventPrice
    12/6/2023Listing removed--
    Source: Zillow Rentals Report a problem
    12/2/2023Price change$3,800+4.1%$2/sqft
    Source: Zillow Rentals Report a problem
    11/17/2023Price change$3,650-3.9%$2/sqft
    Source: Zillow Rentals Report a problem
    11/14/2023Listed for rent$3,800+35.7%$2/sqft
    Source: Zillow Rentals Report a problem
    8/4/2021Sold$1,255,000-2.7%$598/sqft
    Source: Public Record Report a problem
    3/17/2021Pending sale$1,290,000$614/sqft
    Source: StreetEasy Report a problem
    9/24/2020Listed for sale$1,290,000+25.9%$614/sqft
    Source: Compass Report a problem
    9/21/2020Listing removed$2,800$1/sqft
    Source: Compass Report a problem
    9/10/2020Price change$2,800-1.8%$1/sqft
    Source: Compass Report a problem
    9/2/2020Listed for rent$2,850+7.8%$1/sqft
    Source: StayBK LLC Report a problem
    11/11/2016Listing removed$2,645-8.6%$1/sqft
    Source: SAM MANAGEMENT GROUP INC Report a problem
    1/22/2016Listing removed$2,895$1/sqft
    Source: Owner Report a problem
    12/29/2015Sold$1,025,000-4.7%$488/sqft
    Source: Public Record Report a problem
    12/22/2015Listed for rent$2,895$1/sqft
    Source: Owner Report a problem
    9/19/2015Listing removed$1,075,000$512/sqft
    Source: Corcoran #3435865 Report a problem
    8/28/2015Pending sale$1,075,000$512/sqft
    Source: Corcoran #3435865 Report a problem
    8/7/2015Listed for sale$1,075,000-2.3%$512/sqft
    Source: Corcoran #3435865 Report a problem
    4/26/2015Listing removed$1,100,000$524/sqft
    Source: Corcoran #3435865 Report a problem
    4/22/2015Listed for sale$1,100,000+464.1%$524/sqft
    Source: Corcoran #3435865 Report a problem
    2/13/2013Sold$195,000-11.4%$93/sqft
    Source: OneKey® MLS as distributed by MLS GRID #L2546152 Report a problem
    12/27/2012Listed for sale$220,000-61.9%$105/sqft
    Source: Americas Short Sale Conduit #2546152 Report a problem
    8/28/2006Sold$577,000+60.3%$275/sqft
    Source: Public Record Report a problem
    4/27/2006Sold$360,000+105.7%$171/sqft
    Source: Public Record Report a problem
    9/21/1999Sold$175,000+169.2%$83/sqft
    Source: Public Record Report a problem
    3/30/1999Sold$65,000$31/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,218 +0.1%$71,160 -5.4%
    2024$2,216 $75,240 +8.1%
    2023-- $69,600 +0.8%
    2022-- $69,060 +29.5%
    2021-- $53,340 +9.9%
    2020$1,971 +1.3%$48,540
    2019$1,946 +7.1%$48,540 +458.8%
    2018$1,817 +8.6%$8,686 +5.8%
    2017$1,674 +10.3%$8,210 +5.8%
    2016$1,518 $7,761
    2015$1,518 +62.5%$7,761 +1.3%
    2014$934 $7,663 +5.9%
    2013-- $7,239 +5.8%
    2012-- $6,842 +5.8%
    2011-- $6,468
    2010-- $6,468 +1.3%
    2009-- $6,386 +5.9%
    2008-- $6,033 +5.8%
    2007-- $5,702 +5.8%
    2006-- $5,390
    2005-- $5,390 +1.3%
    2004-- $5,322 +5.8%
    2003-- $5,028 +5.8%
    2002-- $4,752 +5.8%
    2001-- $4,492
    2000-- $4,492
    Find assessor info on the county website

    Neighborhood: Bushwick

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Community District 32

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