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6-Unit Rent-Stabilized Apartment Building

1665 Palmetto Street, Ridgewood, NY 11385

For Sale
$1,000,000

The rent-stabilized property contains six apartments in a New York City building.

Property Size5,610 SF
Price / SF$178.25
Days on Market25

Property Features for 1665 Palmetto Street

General Information

Standard status Active
Size 5,610 SF
Property subtype Commercial
Zoning R6B

Financials

Cap Rate 9.3%
Gross Income $141,828

Additional Details

Multifamily Units 6
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $13,132

Building Details

Building Size 5,610 SF
Year Built 1930
Units 6
Listing Agency: Amorelli Realty LLC
Listed By: John P. Bachas · License #10401340663
Source: Adamstreetrealty
Added: Oct 14 Changed: Nov 7 Last Checked: Nov 6 at 2:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Amorelli Realty LLC

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Investment Insights

Based on property information with market context.

This six-unit apartment building was constructed in 1930 and contains 5,610 square feet. The apartments are rent stabilized, and the property has a stated 9.3% cap rate.

Key Highlights

  • Six apartments in a rent‑stabilized building
  • 5,610 square feet
  • Built in 1930

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

5,438
Businesses Nearby

Demographics for 11385, NY

100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Apartment buildings in Ridgewood

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The rent-stabilized property contains six apartments in a New York City building.
Where is this apartment building located?
The property is located at 1665 Palmetto Street Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Six apartments in a rent‑stabilized building; 5,610 square feet; Built in 1930
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