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4 Beds
4 Baths
2,750 sqft

$1,600,000

1924 Palmetto Street, Ridgewood NY, 11385

Price per sqft$581.82
Built in1930
Property size2,750 sqft
Property typeResidential

Overview

Active

Updated 13 days ago

Free-market four-family investment property 4 residential units Two recently renovated upper-floor apartments Updated kitchens with stainless steel appliances, including dishwashers Three of the occupied units are month-to-month Actual gross annual income: $110,760 Potential gross annual income: $199,200 Significant rental upside, including potential to duplex the first-floor units Approx. 2,750 SF building 25' x 55' building footprint 25' x 100' lot - approx. 2,500 SF R5B zoning 1.10 current FAR / 1.50 residential FAR Approx. 3,750 SF maximum buildable area Approx. 1,000 SF of additional buildable area Tax Class 2A Built in 1930 Approx. annual property taxes: $9,229 Located in prime Ridgewood, near Rosemary's Playground and the Woodward Avenue corridor

$10,645/mo

Est. mortgage payment based on a $1,600,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
11994545
Available since
September 17, 2026

Interior Features

Bedrooms
4
Bathrooms
4
Basement
No

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$9,229
Tax Frequency
Annually

Courtesy of EVERGREEN REALTY & INVESTMENTS with ,
Listing Contact:  

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