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Sold for $1,750,000
  • $1,750,000

    242 Palmetto Street, Brooklyn, NY 11221

    9beds
    --sqft
    Triplex, Multi Family
    Built in 2007
    -- sqft lot
    $1,767,700 Zestimate®
    $--/sqft
    $4,931 Estimated rent

    Home value

    $1,767,700

    $1.63M - $1.93M

    $4,931/mo

    Zestimate® history
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    $4,931/mo

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    $4,931/mo

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    $10,425/mo

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    $10,425/mo

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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Sal J. Crifasi 718-782-4411,

    Crifasi Real Estate Inc 718-782-4411

    Bought with:

    Michelle A. Best, 40BE1181032

    Exit Realty First Choice

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: L3581306MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 6
    • Full bathrooms: 6
    Other
    • Description: n/a
    Heating
    • Hot Water
    Features
    • Eat-in Kitchen, First Floor Bedroom
    • Flooring: Hardwood
    • Basement: Finished,Full
    • Attic: None

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Features
    • Levels: Three Or More
    Lot
    • Size: 2,000 sqft
    • Dimensions: 20 x 100
    Details
    • Parcel number: 033520013
    • Zoning: R6

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Triplex, Multi Family
    • Attached to another structure: Yes
    Materials
    • Brick
    Condition
    • Year built: 2007

    Utilities & green energy

    • Gas: Separate Gas Meters: 3
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Brooklyn

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell

    Price history

    DateEventPrice
    6/24/2025Sold$1,750,000
    Source: Public Record Report a problem
    1/31/2025Sold$1,750,000
    Source: OneKey® MLS as distributed by MLS GRID #L3581306 Report a problem
    12/2/2024Pending sale$1,750,000
    Source: OneKey® MLS as distributed by MLS GRID #L3581306 Report a problem
    9/26/2024Listed for sale$1,750,000+130.7%
    Source: OneKey® MLS as distributed by MLS GRID #3581306 Report a problem
    11/2/2007Sold$758,596+175.9%
    Source: Public Record Report a problem
    12/11/2006Sold$275,000+2650%
    Source: Public Record Report a problem
    11/3/2000Sold$10,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,432 +4.7%$76,200 +4.2%
    2024$9,007 $73,140 -8.5%
    2023-- $79,920 +7.7%
    2022-- $74,220 +13.7%
    2021-- $65,280 -17.5%
    2020$8,384 +6%$79,140 +7.6%
    2019$7,910 +5.7%$73,560 +105.6%
    2018$7,486 +2.6%$35,784
    2017$7,295 +6.6%$35,784 +2.3%
    2016$6,842 $34,988 +6%
    2015$6,842 +66.4%$33,008 +6%
    2014$4,112 $31,140 +4.4%
    2013-- $29,820 -1%
    2012-- $30,120 +1.6%
    2011-- $29,640 -20.1%
    2010-- $37,080 -9.8%
    2009-- $41,100 +2278.5%
    2005-- $1,728 +0.9%
    2004-- $1,712 +5.9%
    2003-- $1,616 +5.9%
    2002-- $1,526 +6%
    2001-- $1,440
    2000-- $1,440

    Find assessor info on the county website

    Neighborhood: Bushwick

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Ps 116 Elizabeth L Farrell
    • Middle: Jhs 383 Philippa Schuyler
    • High: Bushwick Leaders Hs-Acad Excell

    Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.