Free-Market 2–4 Unit
5941 Palmetto St, Ridgewood, NY 11385
Multi-Unit (2-4) - Ridgewood, NY
Property size:
3,200 SFLot size:
0.06 AcresPrice / SF:
$531/SF- Added:
- Feb 3, 2026
- Days on Market:
- 143
- Last Refresh:
- Jun 26 at 12:06 am
Property Features for 5941 Palmetto St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 100
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- APN
- 000000-000.000-3498-064.000
- Size
- 3,200 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11212
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1930
- Year renovated
- 1930
- Floors in Building
- 2
- Architectural style
- Other
Listing agent Stephen Preuss
Listing office RIPCO REAL ESTATE LLC 80-02 KEW GARDENS ROAD, WOODBURY, NY
Listing date Feb 3, 2026
MLS# 11852434
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Part of the Ridgewood multifamily portfolio: 59‑41 Palmetto Street includes three free‑market multifamily buildings with no rent‑stabilization component.
- Two vacant units plus month‑to‑month tenancy provide vacancy and renovation potential for a new owner.
- All residential units are separately metered for gas and electricity, except unit 1L at 59‑41 Palmetto Street (combined with common‑area electric meter).
- Natural gas heating and garage parking.
- Walkable to the M Train and L Train, with nearby bus service including Q58, Q54, B13, QM24, QM25, and QM34.
Overview
This offering is part of the Ridgewood Multifamily Portfolio and includes three free-market multifamily buildings configured as 2–4 unit properties. The portfolio is positioned with two vacant units and month-to-month tenancies, creating immediate flexibility for an owner to address interior updates and leasing strategy. Residential units are separately metered for gas and electricity, which can streamline management and expense recovery. The exception is unit 1L at 59-41 Palmetto Street, which is combined with the common-area electric meter.
The property at 5941 Palmetto St, Ridgewood, NY 11385 is located within walking distance of the M Train and L Train. Bus service nearby includes the Q58, Q54, B13, QM24, QM25, and QM34 lines, supporting convenient access throughout Queens, Brooklyn, and Manhattan.
This structure can suit buyers or operators looking for a small portfolio with a manageable number of units, existing vacancy, and tenant terms that allow for near-term execution. With separately metered utilities in place across most residences, the property is also well suited for hands-on operators who want clearer utility expense tracking and straightforward expense allocation.
The property at 5941 Palmetto St, Ridgewood, NY 11385 is located within walking distance of the M Train and L Train. Bus service nearby includes the Q58, Q54, B13, QM24, QM25, and QM34 lines, supporting convenient access throughout Queens, Brooklyn, and Manhattan.
This structure can suit buyers or operators looking for a small portfolio with a manageable number of units, existing vacancy, and tenant terms that allow for near-term execution. With separately metered utilities in place across most residences, the property is also well suited for hands-on operators who want clearer utility expense tracking and straightforward expense allocation.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Ridgewood
- County
- Queens
- State
- New York
- Longitude
- -73.901759
- Latitude
- 40.707595
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Three free-market multifamily buildings with separately metered gas and electricity, plus vacant and month-to-month units.
Where is this multifamily property located?
The property is located at 5941 Palmetto St Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Part of the Ridgewood multifamily portfolio: 59‑41 Palmetto Street includes three free‑market multifamily buildings with no rent‑stabilization component.; Two vacant units plus month‑to‑month tenancy provide vacancy and renovation potential for a new owner.; All residential units are separately metered for gas and electricity, except unit 1L at 59‑41 Palmetto Street (combined with common‑area electric meter).
