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6-Unit Apartment Building
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20-43 Palmetto Street, Ridgewood, NY 11385

Rent-stabilized multifamily property with one unit vacant at closing.

Property Size5,600 SF
Price / SF$169.64
Days on Market10

Property Features for 20-43 Palmetto Street

General Information

Standard status Active
Size 5,600 SF
Property subtype Multifamily
Net Operating Income $57,713

Additional Details

Multifamily Units 6

Building Details

Units 6
Listing Agency: Matthews
Listed By: DJ Johnston · License #10401229409
Source: Crexi
Added: Aug 21 Changed: Aug 29 Last Checked: Aug 29 at 10:34PM

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 Matthews

Investment Insights

Based on property information with market context.

This 6-unit apartment building contains 5,600 square feet and is offered as a rent-stabilized multifamily asset. One unit is expected to be vacant at closing, providing a defined occupancy detail for the transaction.

The property is located at 20-43 Palmetto Street in Ridgewood, NY 11385.

Key Highlights

  • 6‑unit apartment building
  • 5,600 square feet of building area
  • Rent‑stabilized asset

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Acupuncture Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Rent-stabilized multifamily property with one unit vacant at closing.
Where is this apartment building located?
The property is located at 20-43 Palmetto Street Ridgewood, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 6‑unit apartment building; 5,600 square feet of building area; Rent‑stabilized asset
(646) 802-0548 Call to check price and availability
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