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Free-Market Multifamily Portfolio Opportunity

6015 Palmetto St Ridgewood, NY 11385

6015 Palmetto St, Ridgewood, NY, 11385
$1,600,000
For Sale
$1,600,000

MULTI_FAMILY - Ridgewood, NY

Lot Size0.06 Acres
Days on Market26

Property Features for 6015 Palmetto St

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 2
Standard status
Active
APN
000000-000.000-3527-125.000
Lot size
0.06 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
7931

Utilities

Heating system
Natural Gas

Building Details

Year built
1920
Floors in Building
2
Building materials
Vinyl Siding
Listing Agency RIPCO REAL ESTATE LLC
80-02 KEW GARDENS ROAD, WOODBURY, NY
Listed by Stephen Preuss
Added: Jun 25 Updated: Jul 16 at 10:27 pm Checked: Jul 20 at 9:06 pm
MLS# 11852400 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 offering includes three free-market multifamily buildings as part of the Ridgewood Multifamily Portfolio at 60-15 Palmetto Street. The portfolio has no rent-stabilization component, and the units are held under fully free-market tenancies. Two vacant units are available, and a month-to-month tenancy structure is in place, creating room for interior renovation and modernization.

The residential units across the three buildings are separately metered for gas and electricity, which can streamline expense recovery and reduce landlord utility expenses. Units 1L and 1R at 60-15 share the gas with the common-area meter.

The property is located in the heart of Ridgewood and is described as being within walking distance of local and national retailers. It is also within walking distance of the M Train and L Train, with nearby bus services including the Q58, Q54, B13, QM24, QM25, and QM34 lines.

Key Highlights

  • Part of the Ridgewood Multifamily Portfolio at 60‑15 Palmetto Street, comprising three free‑market multifamily buildings
  • Free‑market tenancies with no rent‑stabilization component; includes two vacant units and month‑to‑month tenancy
  • Separately metered gas and electricity for all residential units across the three buildings

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Acupuncture Catering Service Carpet & Flooring Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Coworking & Hybrid Office Adult Day Care

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

FAQs

What type of property is this?
Multifamily property - Three separate multifamily buildings offer free-market tenancies with separately metered gas and electricity, plus available vacant units.
Where is this multifamily property located?
The property is located at 6015 Palmetto St Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Part of the Ridgewood Multifamily Portfolio at 60‑15 Palmetto Street, comprising three free‑market multifamily buildings; Free‑market tenancies with no rent‑stabilization component; includes two vacant units and month‑to‑month tenancy; Separately metered gas and electricity for all residential units across the three buildings
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