NOT LISTED FOR SALE

57 Palmetto St Brooklyn, NY 11221

Bushwick Neighborhood

Estimated Value: $1,122,000 - $1,468,330

5 Beds
2.5 Baths
1,592 Sq Ft
$853/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $1,400,000 $879 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,845/month

105 Days on Market

Highlights

  • Property is near public transit
  • 3-minute walk to Gates Avenue
  • Balcony
  • Wood Flooring
  • Granite Countertops
  • Porch

About This Home

As of July 2024

This charming &spacious 2-unit duplex is located in a desirable Brooklyn neighborhood, offering the perfect blend of city living & residential tranquility. Whether you're looking for a comfortable primary residence with rental income potential or a profitable investment property, this duplex is perfect. Both units are recently painted & feature modern finishes, ready for immediate occupancy. Each unit possesses generous living areas & ample bedrooms. Situated in a vibrant neighborhood, you are close to shops, restaurants, &public transportation. Property has driveway with wrought iron gate. Unit 1 is 3 br 1 and a half baths with solid hard wood floors throughout. Tile flooring in the kitchen &bathrooms. Kitchen contains granite countertops with a breakfast nook. Off the dining room is a tiled deck with awning that leads to backyard. Washer dryer hookup in dining area closet. Unit 2 is 2 br 1 bath with tile floors throughout. Spacious bedrooms &living area. Washer/Dryer in unit.

Last Agent to Sell the Property

Betti Maerling

Cronin & Company Real Estate Brokerage Phone: (845) 744-6275 License #10301218845 Listed on: 12/08/2023

Co-Listed By

Carissa Maerling

Cronin & Company Real Estate Brokerage Phone: (845) 744-6275 License #10401345461

Last Buyer's Agent

Betti Maerling

Cronin & Company Real Estate Brokerage Phone: (845) 744-6275 License #10301218845 Listed on: 12/08/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,509

Year Built

  • Built in 2005

Lot Details

  • 2,243 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Block Exterior

Interior Spaces

  • 1,592 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Parking

  • 2 Parking Spaces
  • No Garage
  • Private Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Porch

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 03340-0145

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,509

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Year Built: 2005
  • Attribution Contact: (845) 744-6275
  • Co List Office Mls Id: ONECRONIN
  • Co List Office Phone: 845-744-6275
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: None
  • Total Bedrooms: 5
  • Living Area: 1592
  • SquareFootage: 1592.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Block, Brick, Frame
  • Exterior Features: Balcony
  • Patio and Porch Features: Porch

Garage/Parking

  • Total Parking Spaces: 2
  • Attached Garage: No
  • Garage: No
  • Parking Description: No Garage, Off Street, Private

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Baseboard, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 3

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2243
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 03340-0145
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities, See Remarks

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 5509
  • Tax Map Number: 03340-0145
  • IncludedInTaxes: Trash

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Brooklyn 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2023
Closed on
Jul 1, 2024
Sold by
Andrews Liza and Rivera Liza
Bought by
Atallah Christiane and Atallah Kareem E
Seller's Agent
Betti Maerling
Cronin & Company Real Estate
Buyer's Agent
Betti Maerling
Cronin & Company Real Estate
List Price
$1,499,999
Sold Price
$1,400,000
Premium/Discount to List
-$99,999
-6.67%
Views
334
Current Estimated Value
$1,357,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,167
Avg. Annual Appreciation
-7.76%
Original Mortgage
$1,050,000
Outstanding Balance
$1,038,478
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$232,270

Purchase Details

Closed on
Mar 21, 2006
Sold by
Bushwick Central 2 Corp and Nyc Partnership Housing Development Fund
Bought by
Rivera Liza
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Atallah Christiane $1,400,000 --
Rivera Liza $285,318 --
Rivera Liza $285,318 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Atallah Christiane $1,050,000
Previous Owner Rivera Liza $6,967
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $1,400,000 -6.7% $879 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
12/08/2023 12/08/23 For Sale $1,499,999 -- $942 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,043 $51,960 $15,600 $36,360
2024 $6,043 $61,140 $15,600 $45,540
2023 $5,509 $74,820 $15,600 $59,220
2022 $4,887 $63,600 $15,600 $48,000
2021 $4,281 $64,500 $15,600 $48,900
2020 $1,648 $62,220 $15,600 $46,620
2019 $2,808 $62,220 $15,600 $46,620
2018 $2,491 $31,176 $9,304 $21,872
2017 $1,995 $30,941 $9,069 $21,872
2016 $1,999 $29,190 $11,551 $17,639
2015 $886 $27,538 $11,306 $16,232
2014 $886 $25,980 $9,748 $16,232
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Betti Maerling

    Cronin & Company Real Estate

    (845) 744-6275

    1 in this area

    14 Total Sales

    Betti Maerling
    Section Image

  • C

    Seller Co-Listing Agent in 2024

    Carissa Maerling

    Cronin & Company Real Estate

    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6280301

OneKey® MLS

APN: 03340-0145

New York Kings County Brooklyn 11221 Bushwick

57 Palmetto St, Brooklyn, NY

This home is located at 57 Palmetto St, Brooklyn, NY 11221 since 08 December 2023 and is currently estimated at $1,357,833, approximately $852 per square foot. This property was built in 2005. 57 Palmetto St is a home located in Kings County with nearby schools including P.S. 299 Thomas Warren Field, J.H.S. 291 Roland Hayes, and Brooklyn Excelsior Charter School.

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