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Sold for $2,500,000
  • $2,500,000

    87-02 Palermo Street, Holliswood, NY 11423

    7beds
    5,400sqft
    Single Family Residence, Residential
    Built in 1920
    0.38 Acres Lot
    $2,581,300 Zestimate®
    $463/sqft
    $7,053 Estimated rent

    Home value

    $2,581,300

    $2.32M - $2.87M

    $7,053/mo

    Zestimate® history
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    What's special

    Welcome to 8702 Palermo Street nestled in tranquil Holliswood. This expansive property spans over Sixteen thousand square feet, is uniquely private, and features a massive backyard thoughtfully designed as an oasis. Enclosed within its bounds are lush lawns, gardens, patios and terrace areas. The home boasts a well-thought-out layout, offering spaciousness, convenience, and elegance. As you approach, a winding driveway leads the way to a 2-car attached garage, ensuring convenience and seclusion. Step inside this brick center hall colonial masterpiece. On the main level, a stately foyer, adorned with a grand staircase and uniquely high ceilings, set the tone of splendor in every space. A grand parlor, at the left wing, features a charming fireplace and ample space to entertain. Expansive windows capture the golden hues of the rising and setting sun, bathing the room in a warm and inviting glow. An intimate and casual family room is enhanced by panoramic window views, creating a comfortable and inviting space for relaxation and enjoyment. The formal dining room is located in the right wing of the home. A U-shaped eat-in kitchen with Mediterranean design features tiled floors, custom cabinets, and a decorative backsplash. Seamless paneled appliances, including a Wolf stove top and dual wall oven, along with a Sub-Zero fridge, offer modern convenience coupled with chic finishes. A well-placed powder room seamlessly matches the decor of the home. On the secomd level, the main bedroom boasts his and hers closets, a spacious bathroom, and a large private deck. Three more spacious bedrooms offer ample closets, abundant natural light, and expansive views. An additional spacious full bathroom with stand up shower. The third level is finished with high ceilings, exudes a sense of airiness, features closets, two bedrooms, and additional sprawling views. The garden level basement, situated above ground, boasts front and rear entrances, expansive windows, a holiday kitchen, and a spacious living room. An extra large full bathroom with stand up shower and two extra bedrooms cater to guests and household staff. This home features 10-foot ceilings on the first level and 9-foot ceilings on the second level. The full finished third level adds versatility and additional living space to suit your needs. Expansive windows throughout the home flood the interiors with natural light, creating a warm and inviting atmosphere. The huge backyard is impressively designed with a perfectly flowing layout, complemented by a botanical wonder rare to be found in New York City's five boroughs, all within thirty minutes from Manhattan. A large terrace connected to the kirchen is perfect for BBQs and picnics, while a second separate patio, can be dedicated to a fire pit in the evenings or sun bathing. Children and adults will also delight in the tremendous space that is completely closed off. Properties of this caliber in such a prime location are rarely available. Schedule a showing with me today before this opportunity is gone!, Additional information: Interior Features:Guest Quarters,Lr/Dr,Marble Bath

    Zillow last checked:

    Listing updated:

    Listed by:

    Benjamin Timlichman 718-551-7770,

    Keystone Realty USA Corp 631-261-2800

    Bought with:

    Benjamin Timlichman, 10301221443

    Keystone Realty USA Corp

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: L3540407MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Primary bedroom
    • Description: The main bedroom boasts his and hers closets, a spacious bathroom, and a large private deck.
    • Level: Second
    Bedroom 1
    • Description: Three more spacious bedrooms offer ample closets, abundant natural light, and expansive views.
    • Level: Second
    Bedroom 2
    • Description: The third level, finished with vaulted high ceilings, exudes a sense of airiness, featuring closets, two bedrooms, and additional sprawling views.
    Bathroom 1
    • Description: The well-placed powder room seamlessly matches the decor of the home.
    • Level: First
    Bathroom 2
    • Description: Spacious full bathroom with stand up shower.
    • Level: Second
    Bathroom 3
    • Description: Extra large full bathroom with stand up shower.
    • Level: Basement
    Bathroom 4
    • Description: Two extra bedrooms cater to guests and household staff.
    • Level: Basement
    Other
    • Description: Enter into a stately foyer, adorned with a grand staircase and uniquely high ceilings, set the tone of splendor in every space.
    • Level: First
    Dining room
    • Description: The formal dining room is located in the right wing of the home.
    • Level: First
    Family room
    • Description: The grand parlor, at the left wing, features a charming fireplace and ample space to entertain. Expansive windows capture the golden hues of the rising and setting sun, bathing the room in a warm and inviting glow.
    • Level: First
    Kitchen
    • Description: U-shaped eat-in kitchen with Mediterranean design features tiled floors, custom cabinets, and a decorative backsplash. Seamless paneled appliances, including a Wolf stove top and dual wall oven, along with a Sub-Zero fridge, offer modern convenience.
    • Level: First
    Living room
    • Description: The garden level, situated above ground, boasts front and rear entrances, expansive windows, a passover kitchen, and a spacious living room
    • Level: Basement
    Office
    • Description: An intimate and casual family room is enhanced by panoramic window views, creating a comfortable and inviting space for relaxation and enjoyment.
    • Level: First
    Heating
    • Hot Water
    Cooling
    • Central Air
    Appliances
    • Included: Gas Water Heater, Cooktop, Dishwasher, Dryer, Oven, Refrigerator, Washer
    Features
    • Ceiling Fan(s), Cathedral Ceiling(s), Eat-in Kitchen, Entrance Foyer, Granite Counters, Formal Dining, Primary Bathroom
    • Flooring: Hardwood
    • Basement: Finished,Full,Walk-Out Access
    • Attic: Finished,Full,Walkup
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 5,400
    • Total interior livable area: 5,400 sqft

    Property

    Parking
    • Parking features: Attached, Driveway, Garage, Private
    • Has garage: Yes
    • Has uncovered spaces: Yes
    Features
    • Levels: Multi/Split
    • Patio & porch: Deck, Patio, Porch
    Lot
    • Size: 0.38 Acres
    • Dimensions: 113 x 170 IR
    Details
    • Parcel number: 105160059

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    • Property subtype: Single Family Residence, Residential
    Materials
    • Brick
    Condition
    • Year built: 1920

    Utilities & green energy

    • Water: Public
    • Utilities for property: Trash Collection Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Jamaica

    Financial & listing details

    • Price per square foot: $463/sqft
    • Tax assessed value: $1,583,000
    • Annual tax amount: $16,525
    • Date on market: 12/9/2024
    • Cumulative days on market: 31 days
    • Listing agreement: Exclusive Right To Sell

    Price history

    DateEventPrice
    1/30/2025Sold$2,500,000-12.3%$463/sqft
    Source: OneKey® MLS as distributed by MLS GRID #L3540407 Report a problem
    1/10/2025Contingent$2,850,000$528/sqft
    Source: StreetEasy #S1719606 Report a problem
    1/10/2025Pending sale$2,850,000$528/sqft
    Source: OneKey® MLS as distributed by MLS GRID #L3540407 Report a problem
    12/9/2024Listed for sale$2,850,000$528/sqft
    Source: StreetEasy #S1719606 Report a problem
    11/25/2024Pending sale$2,850,000$528/sqft
    Source: OneKey® MLS as distributed by MLS GRID #L3540407 Report a problem
    11/21/2024Contingent$2,850,000$528/sqft
    Source: StreetEasy #S1719606 Report a problem
    5/30/2024Price change$2,850,000-0.9%$528/sqft
    Source: OneKey® MLS as distributed by MLS GRID #3540407 Report a problem
    3/26/2024Listed for sale$2,875,000-2.5%$532/sqft
    Source: OneKey® MLS as distributed by MLS GRID #3540407 Report a problem
    12/23/2023Listing removed$2,950,000$546/sqft
    Source: Exit Realty #3488685 Report a problem
    9/6/2023Price change$2,950,000-10.5%$546/sqft
    Source: OneKey® MLS as distributed by MLS GRID #3488685 Report a problem
    8/10/2023Price change$3,295,000-8.2%$610/sqft
    Source: OneKey® MLS as distributed by MLS GRID #3488685 Report a problem
    7/23/2023Price change$3,590,000+9%$665/sqft
    Source: OneKey® MLS as distributed by MLS GRID #3488685 Report a problem
    7/20/2023Price change$3,295,000-8.2%$610/sqft
    Source: OneKey® MLS as distributed by MLS GRID #3488685 Report a problem
    7/10/2023Listed for sale$3,590,000$665/sqft
    Source: OneKey® MLS as distributed by MLS GRID #3488685 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $94,980 +7.8%
    2024-- $88,140 -11.1%
    2023-- $99,120 -0.6%
    2022-- $99,720 +8.6%
    2021-- $91,860 +1.9%
    2020$15,414 +5%$90,120 +16.8%
    2019$14,677 +1.2%$77,160 +11.3%
    2018$14,505 +4.4%$69,339 +1.7%
    2017$13,900 +13.2%$68,186 +6%
    2016$12,275 $64,327 +6%
    2015$12,275 +58.2%$60,686 +5%
    2014$7,758 $57,783
    2013-- $57,783 +1.7%
    2012-- $56,822 +6%
    2011-- $53,606 +6%
    2010-- $50,572 +5%
    2009-- $48,153
    Find assessor info on the county website

    Neighborhood: Jamaica Estates

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Ps 35 Nathaniel Woodhull
    • Middle: Benjamin Franklin Hs-Finance-Info
    • High: Benjamin Franklin Hs-Finance-Info

    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.