Ridgewood Multifamily Portfolio For
59-39 Palmetto Street Ridgewood, Ridgewood, NY 11385
Three free-market multifamily buildings in desirable Ridgewood neighborhood.
Type:Multifamily
Property size:
8,900 SFPrice / SF:
$561/SF- Added:
- Feb 25, 2026
- Days on Market:
- 77
- 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
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
HighLights
- 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.
- Immediate upside from two vacant units and a month‑to‑month tenancy.
- Potential to increase rental income by renovating interiors.
- Short walking distance to a vibrant mix of local and national retailers.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Ridgewood
- County
- Queens
- State
- New York
- Longitude
- -73.910786
- Latitude
- 40.699931
Nearby Similar for Sale
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.
