NY > Ridgewood
Ridgewood, NY 11385,1702 Palmetto ST
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Kevin Kalyan

Kevin Kalyan

Goldstar Premier Properties

+1(516) 593-2800
$ 2,350,000
Est. payment | /mo

1,999 Sqft Lot

Save
$ 2,350,000
Est. payment | /mo
Save

1,999 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY841957

Originating Board onekey2

Rental Info No

Year Built 1930

Annual Tax Amount $20,525

Lot Size 1,999 Sqft

Acres 0.0459

Property Sub-Type Multi Family

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%.

Location

State NY

County Queens

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Multi Units

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 239

Middle Schools Is 77

High Schools Grover Cleveland High School

School District Queens24

Others

Special Listing Condition None

Listed by Exit All Seasons Realty
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(516) 593-2800

info@goldstarpremier.com

70 Charles Lindbergh Blvd #201, Uniondale, New York, 11553, USA

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1702 Palmetto ST