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59-39 Palmetto Street Ridgewood Ridgewood, NY 11385

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For Sale
$5,000,000

Three free-market multifamily buildings in desirable Ridgewood neighborhood.

Type:Multifamily
Property size:
8,900 SF
Added:
Feb 25, 2026
Days on Market:
35
Last Refresh:
Mar 17 at 1:16 pm

Property Features for 59-39 Palmetto Street Ridgewood

General Information

Standard status
Active
Size
8,900 SF
Property subtype
Multifamily

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Listing Contact
Jack Rovner

Listing agent Jack Rovner License #10401396873

Listing office RIPCO Real Estate

Listing date Feb 25, 2026

Source Crexi

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 RIPCO Real Estate


Overview

Ridgewood Multifamily Portfolio For Sale

The Palmetto Street Multifamily Portfolio consists of three multifamily buildings situated in Ridgewood, a neighborhood in Queens. The buildings are located at 59-41 Palmetto Street, 59-39 Palmetto Street, and 60-15 Palmetto Street. The properties benefit from their proximity to local and national retailers. The portfolio, totaling 8,900 square feet, presents a value-add opportunity through vacancy and renovation potential. There are two vacant units and a month-to-month tenancy, offering the possibility to renovate interiors and increase rental income. All three buildings are free-market assets without rent stabilization.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Ridgewood
County
Queens
State
New York
Longitude
-73.910786
Latitude
40.699931

FAQs

What type of property is this?
Apartment building - Three free-market multifamily buildings in desirable Ridgewood neighborhood.
Where is this apartment building located?
The property is located at 59-39 Palmetto Street Ridgewood Ridgewood, NY.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Located in Ridgewood, Queens, a highly desirable and rapidly evolving neighborhood.; Portfolio of three fully free‑market multifamily buildings (no rent stabilization).; Value‑add opportunity through vacancy and renovation potential.
More about this property
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