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59-39 Palmetto St, Unit Ridgewood Ridgewood, NY 11385

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For Sale
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Three free-market multifamily buildings in desirable Ridgewood neighborhood.

Property size:
8,900 SF

Property Features for 59-39 Palmetto St

General Information

Standard status
Active
Zoning
R5B
Size
8,900 SF

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Listing Contact
Jack Rovner
Source: Crexi

Listing Agency: RIPCO Real Estate Listing Agent: Jack Rovner

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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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

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Apartment buildings

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Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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 St, Unit Ridgewood Ridgewood, NY.
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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