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64-21 Palmetto Street
Townhouse in Ridgewood •  building info
8bd • 3ba • 3,300ft² $343 per ft²
Sold price

$1,132,000

Key Details
Days on market
182
Last price change
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Estimated payment
$7,062
Taxes
$622
Monthly maintenance
N/A
Description
This pristine Two-family brick townhouse is an outstanding opportunity for home-buyers and investors. Nestled on a gorgeous and quiet tree-lined block in sought-after Ridgewood, Queens. Spanning 3,300 square feet, this home has been beautifully gut renovated. Exposed brick, hardwood floors and designer details fill this beautifully remodeled home. Configured with two separately metered four-bedroom units. Lacquer cabinetry and stainless-steel appliances fill the well-equipped kitchens, and bathrooms boast excellent tile work and modern fixtures. Split HVAC units and in-unit washer-dryers add comfort and convenience, the mechanicals, electricity and roof were all updated during the building's thorough renovation. The lower unit is a potential owner's duplex with four bedrooms, two full bathrooms and exclusive access to the large fenced garden. On the second floor, you'll find a bright and beautiful four-bedroom, one-and-a-half-bedroom unit with sunny skylights and treetop views. There is a finished basement with a separate entrance. This property offers very low annual expenses at approximately $10,000 per year and solid potential rents: rent the first floor for $3,600 and the second floor for $3,300. Projected Net Income of approximately $73,500 as an investment property 5.6 percent CAP Rate. Delivered vacant. Enjoy great shopping, dining, and services along nearby Fresh Pond Road. Joseph F. Mafera Park offers baseball fields, basketball and handball courts, roller hockey and a playground. The M train is just minutes away, ushering passengers into Manhattan in a half-hour.

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Important Stuff
Pets allowed
History
What it'll cost
Purchase price
$1,132,000
Asking Price: $1,132,000
Term
30 Years
Down Payment
$113,000 (10%)
Min: 10% (113,000)
Rate
6.5 %
Mortgage Amount
$1,018,800
Mortgage Payment
$6,440
Taxes
$622
Estimated closing cost
$42,000
Total monthly cost $7,062
Listing Courtesy of Compass

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