1702 Palmetto Street
Ridgewood,
NY
11385
- Commercial
- Year Built 1930
- Multi Family
- ML# 841957
Property Details
Overview
STRONG CASH FLOW & DIVERSE INCOME STREAM- This Brick Building Offers ONE COMMERCIAL Store Front & FIVE FREE MARKET RESIDENTIAL APARTMENTS. Ridgewood Is Recognized For It’s RAPID GROWTH And Various New Construction And Condo Conversions So Don’t Miss This Armchair Investment Opportunity In A Market Where MIXED- USE PROPERTIES Rarely Become Available. With All Rents Currently Below Market Value There Is Substantial Value-Add Opportunity & Significant Upside Potential For Future Appreciation. By Improving Leasing And Raising The Rents To Current Market Rate There Is A Chance For A Cap Rate Over 10%.
Key Facts
- •Lot Size: 0.0459
- •Lot Sq Ft: 2000
- •Taxes: $20,526
- •Sale or Rent: Sale
- •School District: Ps 239
- •Zoning: R6B
- •Construction Materials: Brick
- •Heat: Natural Gas
- •A/C: Multi Units
- •Water: Public
- •Sewer: Public Sewer
Listing Information provided courtesy of
Exit All Seasons Realty
718-345-4545
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