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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%.
Features
- Heating System:
- Natural Gas
- Cooling System:
- Multi Units
- Basement:
- Full
- Lot Features:
- Corner Lot, Historic District, Level, Cleared, Views, Partly Wooded
- Sewer:
- Public Sewer
- Utilities:
- Natural Gas Connected, Electricity Connected
Address Map
- City:
- NY
- State:
- NY
- County:
- Queens
- Directions:
- Manhanset Road to Dering Woods Road
Property and Construction
- Development Status:
- Brick
- Elementary School:
- Ps 239
- High School:
- Grover Cleveland High School
- Agent MlsId:
- 147267
- Office MlsId:
- ALSE01
- MiddleOrJunior School:
- Is 77
- Number Of Units:
- 6
- Road Frontage Type:
- City Street
- Special Listing Conditions:
- No
- Tax Annual Amount:
- $20,526
- Water Source:
- Public
- Zoning:
- R6B
- PhotosCount:
- 1
Commercial Sale For Sale
1702 Palmetto Street, New York, NY
2,000 Acre
$2,350,000
Listing ID #841957
Basic Details
- Property Type :
- Commercial Sale
- Property SubType :
- Multi Family
- Listing ID :
- 841957
- Price :
- $2,350,000
- Bathrooms Total :
- 0
- Building Area :
- 4,800 Sqft
- Lot Area :
- 2,000 Acre
- Year Built :
- 1930
- Status :
- Active
- Status :
- Active
- Listing Office :
- Exit All Seasons Realty
- Listing Agent :
- Jaroslaw Kaszuba
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
