New York City » 11423 » Palermo St » 8702 Palermo St

87-02 Palermo Street, Hollis, NY 11423 - Property report

Also known as: 87-02 Palermo St

Property image for 87-02 Palermo Street, Hollis, NY 11423

Property type

Two Stories Detached (Small or Moderate Size, with or without Attic) (A1)

Year built

1920

Lot sq. ft.

16,356

Sale price

$2,500,000

General information

Address

Primary address

87-02 Palermo Street

ZIP code

11423

Neighborhood

Jamaica Estates

Borough

Queens

Block & lot

10516-0059

Building

Property type

Two Stories Detached (Small or Moderate Size, with or without Attic) (A1)

Building sq. ft.

3,788

Building dimensions

43 ft x 33 ft

Buildings on lot

Stories

Year built

1920

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Sales

Sale date

01/29/2025

Sale price

$2,500,000 - M

Tax

Tax year

2026-2027

Property tax

$13,843

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Residential units

Residential sq. ft.

Lot

Frontage(s)

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

Lot dimensions

94 ft x 174 ft

Lot sq. ft.

16,356

Area overview

Walk score

52 /100. Somewhat Walkable

Transit score

87 /100. Excellent Transit

Bike score

40 /100. Somewhat Bikeable

School district

Community district

Closest police station

1.34 Miles

Closest fire station

0.50 Miles

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

Ownership

Ownership information for 87-02 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 87-02 Palermo Street, Hollis, NY 11423

Sale date	Sale price	Buyer name	Seller name
01/29/2025	$2,500,000	XXXXXX, XXXX	XXXXXXX, XXXX XXX XXXXXXX, XXXXX XXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
11/03/2025 - R 10/30/2025 - D	Satisfaction of Mortgage (2025110300046001)	XXXXXX XXXX	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
10/29/2025 - R 10/06/2025 - D	Agreement (2025102700939003)	XXXXXX XXXX	X X XXXX XXXXXXXX XXXXXXXXXXX
10/29/2025 - R 10/06/2025 - D	Mortgage (2025102700939002)	XXXXXX XXXX	X X XXXX XXXXXXXX XXXXXXXXXXX
10/29/2025 - R 09/16/2025 - D	Assignment, Mortgage (2025102700939001)	XXXXXX XXXXXXXXX XXXXXXXX XXX	X X XXXX XXXXXXXX XXXXXXXXXXX
03/07/2025 - R 03/06/2025 - D	Satisfaction of Mortgage (2025030700644001)	XXXXXXX XXXX	XXXX XXXXXXXX XXXXXXXXXXX (XXX)
02/26/2025 - R 02/19/2025 - D	Assignment, Mortgage (2025022500360001)	XXXXX XXXXXXXX XXXX	XXXXX XXXXXXXX XXXX
02/03/2025 - R 01/29/2025 - D	Mortgage (2025013100358002)	XXXXXX XXXX	XXXX XXX
02/03/2025 - R 01/29/2025 - D	Deed (2025013100358001)	XXXXXXX XXXX	XXXXXX XXXX
11/21/2023 - R 11/10/2023 - D	Assignment, Mortgage (2023111601367001)	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
11/07/2022 - R 09/01/2021 - D	Agreement (2022030900117004)	XXXXXXX XXXX	XXXXX XXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 87-02 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

$13,843

Municipal exemptions

Recent tax assessments

Market value

$1,904,000

Assessed value

$114,240

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	$1,583,000	$94,980	$87,388	19.843%	$17,340	$17,340	+3.76%
2024/25	$1,469,000	$88,140	$83,207	20.085%	$16,712	$16,712	0.00%
2023/24	$1,652,000	$99,120	$83,207	20.085%	$16,712	$16,712	+0.57%
2022/23	$1,662,000	$99,720	$81,823	20.309%	$16,617	$16,617	+7.84%
2021/22	$1,531,000	$91,860	$77,192	19.963%	$15,410	$15,410	+0.55%
2020/21	$1,502,000	$90,120	$72,823	21.045%	$15,326	$15,326	+4.42%
2019/20	$1,286,000	$77,160	$69,339	21.167%	$14,677	$14,677	+3.36%
2018/19	$1,385,000	$83,100	$67,879	20.919%	$14,505	$14,200	+4.41%
2017/18	$1,281,000	$76,860	$66,716	20.385%	$13,900	$13,600	+8.37%
2016/17	$1,431,000	$85,860	$62,777	19.991%	$12,860	$12,550	+5.76%

Permits

Permit information for 87-02 Palermo Street, Hollis, NY

Filing date	Job type	Job status	Job description	Initial cost
04/18/2025	Alteration
04/11/2025	Alteration
06/11/2018	Alteration type 2

*Most recent permits on record 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)

0.675

View subway map

Access the detailed traffic volume map for 87-02 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. 35 Nathaniel Woodhull	5	Yes	Public	PK, K-5	571	0.37
P.S. 35 Nathaniel Woodhull	5	Yes	Public	PK, K-5	571	0.37
The Wellspring Schools	NR	No	Private	PK-11	242	0.20
The Wellspring Schools	NR	No	Private	PK-11	242	0.20
Helping Hand Academy II	NR	No	Private	K-1	38	0.20
Summit School (The)	NR	No	Private		0	0.34
Wellspring Elementary & Middle	NR	No	Private	PK, K-8	0	0.38
P.S. Is 178 Holliswood	5	No	Public	PK, K-8	513	0.50
P.S. Is 178 Holliswood	5	No	Public	PK, K-8	513	0.50
The Bellaire School	4	No	Public	PK, K-5	746	0.75

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Is 238 Susan B Anthony	4	Yes	Public	6-8	907	0.60
The Wellspring Schools	NR	No	Private	PK-11	242	0.20
Summit School (The)	NR	No	Private		0	0.34
Wellspring Elementary & Middle	NR	No	Private	PK, K-8	0	0.38
P.S. Is 178 Holliswood	5	No	Public	PK, K-8	513	0.50
P.S. Is 268	4	No	Public	K-8	638	1.05
Solomon Schechter School of Queens	NR	No	Private	PK-8	302	1.08
Holy Family School	NR	No	Private	PK-8	199	1.08

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Yeshiva University High School	NR	No	Private	9-12	299	0.20
The Wellspring Schools	NR	No	Private	PK-11	242	0.20
Summit School (The)	NR	No	Private		0	0.34
Cambria Heights Academy	4	No	Public	9-12	350	0.49
The Mary Louis Academy	NR	No	Private	9-12	760	1.10
Summit School	NR	No	Private	3-12	276	1.10
Pathways College Preparatory School: A College Board School	6	No	Public	6-12	643	1.33
High School For Community Leadership	7	No	Public	9-12	468	1.42
Jamaica Gateway To The Sciences	7	No	Public	9-12	491	1.43
Hillside Arts And Letters Academy	5	No	Public	9-12	406	1.43

Nearby ZIP codes for 87-02 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 87-02 Palermo Street, Hollis, NY 11423?

The development at 87-02 Palermo Street, Hollis, NY 11423 was built in 1920.

What is the total square footage of 87-02 Palermo Street, Hollis, NY 11423?

87-02 Palermo Street, Hollis, NY 11423 has a total of 3,788 square feet.

When was 87-02 Palermo Street, Hollis, NY 11423 last sold and what was the sale price?

87-02 Palermo Street, Hollis, NY 11423 was last sold on 01/29/2025 for $2,500,000.

What is the assessed value of 87-02 Palermo Street, Hollis, NY 11423?

87-02 Palermo Street, Hollis, NY 11423 is currently assessed at $114,240.

What are the property taxes for 87-02 Palermo Street, Hollis, NY 11423?

The property taxes for 87-02 Palermo Street, Hollis, NY 11423 total $18,380.

How many residential units does this building have?

This building has 1 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.