New York City » 11423 » Palermo St » 8588 Palermo St

85-88 Palermo Street, Hollis, NY 11423 - Property report

Also known as: 85-88 Garage Palermo St

Property image for 85-88 Palermo Street, Hollis, NY 11423

Property type

Two Family Converted from One Family (B3)

Year built

1935

Lot sq. ft.

11,610

Sale price

$942,500

General information

Address

Primary address

85-88 Palermo Street

Alternate address(es)

85-88 Garage Palermo St

ZIP code

11423

Neighborhood

Jamaica Estates

Borough

Queens

Block & lot

10505-0033

Building

Property type

Two Family Converted from One Family (B3)

Building sq. ft.

2,847

Building dimensions

30 ft x 39 ft

Buildings on lot

Stories

Year built

1935

Building material

Frame

Exterior wall

Aluminum/Vinyl

Basement

Garage type

Detached, Frame Garage

Sales

Sale date

12/05/2007

Sale price

$942,500

Tax

Tax year

2026-2027

Property tax

$14,179

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Palermo Street (narrow)
Palo Alto Street (wide)
Palermo Street (wide)

Distance to wide street

Lot dimensions

75 ft x 166 ft

Lot sq. ft.

11,610

Area overview

Walk score

31 /100. Car-Dependent

Transit score

73 /100. Excellent Transit

Bike score

42 /100. Somewhat Bikeable

School district

Community district

Closest police station

1.39 Miles

Closest fire station

0.73 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 85-88 Palermo Street, Hollis, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 85-88 Palermo Street, Hollis, NY 11423

Sale date	Sale price	Buyer name	Seller name
12/05/2007	$942,500	XXXXX, XXXXXX	XXXXXXX XXXXXXX XX XXXXXXX XXX XXXXX XXXXX XX XXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
03/21/2024 - R 02/23/2024 - D	Assignment, Mortgage (2024032000701001)	XX XXXXXX	XXX XXXXXXXXXXX XXXXXXX XXXXX X
03/04/2024 - R 02/23/2024 - D	Assignment, Mortgage (2024030400098001)	XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX	XXXXXXXX XXXXX XXXX XX
04/18/2019 - R 04/15/2019 - D	Assignment, Mortgage (2019041800916001)	XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX	XXXXXXXXXX XXXXXXXX XXX XXX XX XXXXXX
08/31/2016 - R 08/05/2016 - D	Assignment, Mortgage (2016082901284001)	XXXXXXXX XXXXX XXXX XX	XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX
07/14/2016 - R 11/23/2015 - D	Assignment, Mortgage (2016071100638001)	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX	XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX
10/21/2015 - R 10/05/2015 - D	Satisfaction of Mortgage (2015100700899001)	XXXXX XXXXXX	XXXXXXXX XXXXX XXXX X X
12/20/2007 - R 12/05/2007 - D	Mortgage (2007120700972003)	XXXXX XXXXXX	XXXXXXXX XXXXX XXXX X X
12/20/2007 - R 12/05/2007 - D	Mortgage (2007120700972002)	XXXXX XXXXXX	XXXXXXXX XXXXX XXXX X X
12/20/2007 - R 12/05/2007 - D	Deed (2007120700972001)	XXXXXXX XXXXXXX XX XXXXXXX	XXXXX XXXXXX
05/15/2001 - R 02/08/2001 - D	Deed (4380007662338)	XXXXX XXXX	XXXXX XXXX (XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 85-88 Palermo Street, Hollis, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$14,179

Municipal exemptions

Recent tax assessments

Market value

$1,421,000

Assessed value

$85,260

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$1,464,000	$87,840	$68,808	19.843%	$13,935	$13,654	+4.72%
2024/25	$1,222,000	$73,320	$64,914	20.085%	$13,307	$13,038	+6.24%
2023/24	$1,442,000	$86,520	$61,104	20.085%	$12,554	$12,273	+1.98%
2022/23	$1,397,000	$83,820	$59,254	20.309%	$12,330	$12,034	+1.70%
2021/22	$1,158,000	$69,480	$59,274	19.963%	$12,120	$11,833	-1.55%
2020/21	$1,248,000	$74,880	$57,113	21.045%	$12,316	$12,019	+5.52%
2019/20	$1,208,000	$72,480	$53,812	21.167%	$11,687	$11,390	+7.55%
2018/19	$1,106,000	$66,360	$50,627	20.919%	$10,896	$10,591	+5.76%
2017/18	$1,196,000	$71,760	$49,125	20.385%	$10,314	$10,014	+2.14%
2016/17	$1,165,000	$69,900	$49,045	19.991%	$10,114	$9,805	+6.26%

Permits

Permit information for 85-88 Palermo Street, Hollis, NY

No recently recorded permits for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Jamaica Estates, Holliswood residential market stats

Access a detailed real estate market overview of Jamaica Estates, Holliswood so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Jamaica Estates, Holliswood and compare it to other neighborhoods in Queens.

Median sale price

—

Median price/sq. ft.

—

Queens median sale price

$595,000

1.7% Y-o-Y

Check out recently sold homes in Queens and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Midland Pkwy & Hillside Ave at NE Corner

Station lines

Distance (miles)

0.741

View subway map

Access the detailed traffic volume map for 85-88 Palermo Street, Hollis, NY 11423 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. Is 178 Holliswood	5	Yes	Public	PK, K-8	513	0.26
P.S. Is 178 Holliswood	5	Yes	Public	PK, K-8	513	0.26
Summit School (The)	NR	No	Private		0	0.18
Helping Hand Academy II	NR	No	Private	K-1	38	0.43
The Wellspring Schools	NR	No	Private	PK-11	242	0.43
The Wellspring Schools	NR	No	Private	PK-11	242	0.43
P.S. 35 Nathaniel Woodhull	5	No	Public	PK, K-5	571	0.61
P.S. 35 Nathaniel Woodhull	5	No	Public	PK, K-5	571	0.61
Wellspring Elementary & Middle	NR	No	Private	PK, K-8	0	0.62

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Jhs 216 George J Ryan	8	Yes	Public	6-8	1,476	1.54
Summit School (The)	NR	No	Private		0	0.18
P.S. Is 178 Holliswood	5	No	Public	PK, K-8	513	0.26
The Wellspring Schools	NR	No	Private	PK-11	242	0.43
Wellspring Elementary & Middle	NR	No	Private	PK, K-8	0	0.62
Is 238 Susan B Anthony	4	No	Public	6-8	907	0.70
Holy Family School	NR	No	Private	PK-8	199	0.86
Solomon Schechter School of Queens	NR	No	Private	PK-8	302	0.86

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Summit School (The)	NR	No	Private		0	0.18
Yeshiva University High School	NR	No	Private	9-12	299	0.43
The Wellspring Schools	NR	No	Private	PK-11	242	0.43
Cambria Heights Academy	4	No	Public	9-12	350	0.72
Summit School	NR	No	Private	3-12	276	1.05
The Mary Louis Academy	NR	No	Private	9-12	760	1.05
High School For Community Leadership	7	No	Public	9-12	468	1.38
Jamaica Gateway To The Sciences	7	No	Public	9-12	491	1.39
Hillside Arts And Letters Academy	5	No	Public	9-12	406	1.39
Queens Collegiate A College Board School	5	No	Public	6-12	643	1.39

Nearby ZIP codes for 85-88 Palermo Street, Hollis, NY

11358, New York City, NY 11361, New York City, NY 11362, New York City, NY 11364, New York City, NY 11365, New York City, NY 11366, New York City, NY 11411, New York City, NY 11412, New York City, NY 11413, New York City, NY 11424, New York City, NY 11426, New York City, NY 11427, New York City, NY 11428, New York City, NY 11429, New York City, NY 11432, New York City, NY 11433, New York City, NY 11434, New York City, NY 11435, New York City, NY 11436, New York City, NY

Frequently asked questions

What is the year built for 85-88 Palermo Street, Hollis, NY 11423?

The development at 85-88 Palermo Street, Hollis, NY 11423 was built in 1935.

What is the total square footage of 85-88 Palermo Street, Hollis, NY 11423?

85-88 Palermo Street, Hollis, NY 11423 has a total of 2,847 square feet.

When was 85-88 Palermo Street, Hollis, NY 11423 last sold and what was the sale price?

85-88 Palermo Street, Hollis, NY 11423 was last sold on 12/05/2007 for $942,500.

What is the assessed value of 85-88 Palermo Street, Hollis, NY 11423?

85-88 Palermo Street, Hollis, NY 11423 is currently assessed at $85,260.

What are the property taxes for 85-88 Palermo Street, Hollis, NY 11423?

The property taxes for 85-88 Palermo Street, Hollis, NY 11423 total $14,179.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.