Brick Six-Family Residential
For Sale
Contact for pricing
17-05 Palmetto St, Ridgewood, NY 11385
Six apartment units in excellent condition, with two free-market units planned for delivery vacant.
Property SizeContact for details
Days on Market123
Property Features for 17-05 Palmetto St
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
R6B
Financials
Cap Rate
5.6%
Business Included
Yes
Additional Details
Multifamily Units
6
Building Details
Tenancy
Multi
Listing Agency:
Capri Jet Realty Corp
(718) 388-2188
Listed By:
Agata Landa · License #NY 10401298444
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 9:29PM
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 Capri Jet Realty Corp
Investment Insights
Based on property information with market context.
This brick six-family residential building includes two free-market apartments and four rent-stabilized apartments. Each unit is configured as a 3-bedroom, 1-bath layout. The property also has a full basement suitable for storage.
The building measures approximately 28 by 68 feet, situated on a lot approximately 28 by 100 feet, and is zoned R6B with a FAR of 2.04 (max FAR noted as 2).
The two free-market units are identified as 1L and 1R, and are projected to be delivered vacant. The remaining units are described as rent stabilized. All apartments are reported to be in excellent condition.
The building measures approximately 28 by 68 feet, situated on a lot approximately 28 by 100 feet, and is zoned R6B with a FAR of 2.04 (max FAR noted as 2).
The two free-market units are identified as 1L and 1R, and are projected to be delivered vacant. The remaining units are described as rent stabilized. All apartments are reported to be in excellent condition.
Key Highlights
- Six‑unit brick building in Ridgewood with all apartments described as being in excellent condition
- All units feature 3Br/1Bath; total configuration is 18 bedrooms and 6 bathrooms
- Two free‑market apartments (1L and 1R) to be delivered vacant; each projected at $2,200/mo
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,387
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six apartment units in excellent condition, with two free-market units planned for delivery vacant.
Where is this apartment building located?
The property is located at 17-05 Palmetto St Ridgewood, NY.
What are key features of this property?
This property features: Six‑unit brick building in Ridgewood with all apartments described as being in excellent condition; All units feature 3Br/1Bath; total configuration is 18 bedrooms and 6 bathrooms; Two free‑market apartments (1L and 1R) to be delivered vacant; each projected at $2,200/mo
