87-02 Palermo Street, Queens (Holliswood), NY, 11423 | $2,850,000

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!

Features

  • Town: Queens
  • Rooms: 16
  • Bedrooms: 7
  • Baths: 3 full / 1 half
  • Style: Colonial
  • Year Built: 1920
  • Garage: 2-car Attached
  • Heating: Natural Gas, Hot Water
  • Cooling: Central Air
  • Basement: Finished, Full, Walk-Out Access
  • Approx Sq. Feet: 5,400
  • Acreage: 0.38
  • Est. Taxes: $16,526
  • Elem. School: Ps 35 Nathaniel Woodhull
  • Middle School: Benjamin Franklin Hs-Finance-Info
  • High School: Benjamin Franklin Hs-Finance-Info
  • School District: Community District 29
  • Appliances: Cooktop, Dishwasher, Dryer, Refrigerator, Oven, Washer
  • MLS#: 3540407
  • Days on Market: 241 days
  • Website: https://www.raveis.com
    /eprop/3540407/8702palermostreet_queens_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Keystone Realty USA Corp   Phone: 631-261-2800

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

87-02 Palermo Street, Queens (Holliswood), NY, 11423

$2,850,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,280,000 $2,280,000 $2,280,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.769% 6.270% 5.864%
Monthly Tax Payment $1,377 $1,377 $1,377
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,767 $13,854 $18,781
Total Monthly Payment $14,269 $15,356 $20,283

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.