NY
Queens
Ridgewood
11385
1702 Palmetto Street
1702 Palmetto Street, Ridgewood, NY 11385
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Listing Type
Commercial/Industrial
Listing Status
active
1
$2,350,000

Home Details for 1702 Palmetto Street

Price
$2,350,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1930
Lot size acres
0.0459
County
Queens
Garage
Basement
Full
Days on site
178
MLS Listing#
841957
Property Description

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%.

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Connected
    • Natural Gas Connected
  • Cooling Information
    • Multi Units
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Basement
    • Full
School Information
School Information for 1702 Palmetto Street, Ridgewood, NY 11385
Elementary School
Ps 239
Middle School
Is 77
High School
Grover Cleveland High School
Listing Courtesy: Exit All Seasons Realty - 718-345-4545
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 OneKey MLS. All Rights Reserved
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from OneKey MLS.
EXIT ALL SEASONS REALTY
8911 Glenwood Rd, Brooklyn, NY 11236
Jaroslaw Kaszuba
Franchisee
Office
718 345 4545
Agent
718 416 4411
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