For Sale
$1,750,000

242 Palmetto St Brooklyn, NY 11221

Vacant 3-family, prime Bushwick location

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 3-family apartment building, constructed in 2007, presents a rare opportunity in the heart of Bushwick, Brooklyn. Currently vacant, this property offers immediate potential for owner-occupancy or rental income generation. The building boasts a total of three units, each thoughtfully designed for modern living. The first floor features a 2-bedroom, 2-bathroom apartment with an office and private backyard access. The second floor offers a spacious 3-bedroom, 2-bathroom apartment, also including an office. The third floor comprises a 4-bedroom, 2-bathroom unit, ideal for larger families. A fully finished basement apartment with a separate entrance provides additional versatile space. Each unit is equipped with a separate Navien tankless hot water/heating system. Situated on a 2,000 square foot lot, zoned R6, this property presents potential for expansion or condo conversion, subject to applicable regulations. Its convenient location, just two blocks from the Myrtle-Wyckoff M/L subway station and near the Myrtle Avenue shopping district, ensures easy access to public transportation and a wealth of amenities. This is a remarkable investment opportunity in a thriving Brooklyn neighborhood. The asking price is $1,750,000.

Highlights

  • $1,750,000 asking price for a vacant three-family building.
  • Three-unit, Class C multifamily property built in 2007.
  • Located in Brooklyn, NY (Kings County), at 242 Palmetto St, 11221, on a 2,000 sq ft lot, zoned R6.
  • Features three apartments (2-bed/2-bath, 3-bed/2-bath, and 4-bed/2-bath), plus a finished basement apartment. Each unit has a Navien tankless water heater.
  • Excellent location: two blocks from the Myrtle-Wyckoff M/L subway station and near Myrtle Ave shopping.

Property Details for 242 Palmetto St

Property type
Apartment buildings
Class
C
Year Built
2007
Buildings
1
Stories
3
Units
3

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6953914
Longitude
-73.9147838

FAQs

What type of property is this?
Apartment building - Vacant 3-family, prime Bushwick location
Where is the apartment building located?
The property is located at 242 Palmetto St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: $1,750,000 asking price for a vacant three-family building.; Three-unit, Class C multifamily property built in 2007.; Located in Brooklyn, NY (Kings County), at 242 Palmetto St, 11221, on a 2,000 sq ft lot, zoned R6.
How can I contact the broker?
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242 Palmetto St
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