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Property summary
This exceptional investment opportunity presents a newly renovated six-family building situated on a 0.06-acre lot at 2027 Palmetto Street in the desirable Ridgewood, NY historic district. The property boasts a total of 5,600 square feet and offers a compelling blend of modern amenities and classic charm. The building comprises five spacious three-bedroom, two-bathroom units and one cozy two-bedroom, two-bathroom unit, all designed with modern living in mind. Each unit includes the… convenience of in-unit laundry facilities, a significant draw for potential tenants. Adding to the property's appeal is the inclusion of basement storage rooms, providing ample space for residents. Access to a backyard further enhances the living experience. The building's dimensions are 27.5 feet wide by 68 feet deep. Its location is incredibly convenient, just one block from the M train, and within easy walking distance of numerous cafes, bars, and restaurants. This vacant property is ready for immediate occupancy and presents a strong potential for rental income. The asking price is $3,299,999. This is a rare chance to acquire a landmark property in a thriving neighborhood.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Oct 2026Realmo valuation models over county records and 11 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 14 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 5,600 SF
- Lot area
- 0.06 ac
- Year built
- 1930
- Stories
- 3
- APN
- 03486-0053
- Zoning
- R6B
- Assessed value · 2024
- $421,200
- Annual tax · 2024
- $19,032
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
This district focuses on medium density housing in areas with higher accessibility to transportation and community services, allowing for a variety of residential building types with appropriate spacing and open space
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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