Free-Market Multifamily
5941 Palmetto St Ridgewood, NY 11385
5941 Palmetto St, Ridgewood, NY, 11385
$1,700,000
For Sale
$1,700,000
MULTI_FAMILY - Ridgewood, NY
Lot Size0.06 Acres
Days on Market165
Property Features for 5941 Palmetto St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Standard status
- Active
- APN
- 000000-000.000-3498-064.000
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11212
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1930
- Floors in Building
- 2
Listing Agency
RIPCO REAL ESTATE LLC
80-02 KEW GARDENS ROAD, WOODBURY, NY
Listed by
Stephen Preuss
Added: Feb 3 Checked: Jul 18 at 5:06 am
MLS# 11852434
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Ridgewood multifamily portfolio includes three free-market residential buildings. The offering has no rent-stabilization component and includes two vacant units, along with month-to-month tenancy in the remaining units. All residential units are separately metered for gas and electricity across the three buildings, with the exception of unit 1L at 59-41 Palmetto Street, which is combined with the common-area electric meter.
The buildings are located in the heart of Ridgewood and are described as being within walking distance of local and national retailers. Public transportation access is supported by nearby M Train and L Train service, along with bus lines including Q58, Q54, B13, QM24, QM25, and QM34.
The portfolio is presented as part of a Ridgewood multifamily collection for sale at 5941 Palmetto St, Ridgewood, Queens.
The buildings are located in the heart of Ridgewood and are described as being within walking distance of local and national retailers. Public transportation access is supported by nearby M Train and L Train service, along with bus lines including Q58, Q54, B13, QM24, QM25, and QM34.
The portfolio is presented as part of a Ridgewood multifamily collection for sale at 5941 Palmetto St, Ridgewood, Queens.
Key Highlights
- Ridgewood multifamily portfolio: 59‑41 Palmetto Street includes three separate buildings with free‑market tenancies (no rent‑stabilization component).
- All residential units are separately metered for gas and electricity across the portfolio (except unit 1L at 59‑41 Palmetto Street tied to the common‑area electric meter).
- Two vacant units are currently available, plus month‑to‑month tenancy in the portfolio.
Property Analytics
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Location Intelligence
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FAQs
What type of property is this?
Multifamily property - Three free-market multifamily buildings with separately metered gas and electricity, offering two vacant units and month-to-month tenancy.
Where is this multifamily property located?
The property is located at 5941 Palmetto St Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Ridgewood multifamily portfolio: 59‑41 Palmetto Street includes three separate buildings with free‑market tenancies (no rent‑stabilization component).; All residential units are separately metered for gas and electricity across the portfolio (except unit 1L at 59‑41 Palmetto Street tied to the common‑area electric meter).; Two vacant units are currently available, plus month‑to‑month tenancy in the portfolio.
