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MLS#1062579
STATUSActive
PROPERTY TYPECommercial -
SCHOOLContact Agent
Property Description
6 Family Rent Stabilized 9.3% CAP RateActual Rent Roll, Legal Rents allow for $1k+ more monthly rent1L $2,397.12 1R $2,050.00 2L $1,764.20 2R $2,253.773L $1,257.61 3R $2,096.27 Monthly Total $11,818.97Annual $141,828ANNUAL EXPENSESReal Estate Taxes $17,510Electricity $973Insurance $8,390Water / Sewer $7,995Heating $7,413Repairs & Maintenance $5,000Vacancy $4,255Total Annual $51,536Buyers must show proof of funds to tour.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Full
Cooling: Wall/Window Unit(s)
Heating: Hot Water
Lot Size: 0.06 Acres
Taxes: $13,132
Year Built: 1930
Feature Descriptions
Building Area Total: 5610
Days on Site: 1
Exterior: Brick
On Market Date: 2026-10-14
Parcel Number: 03448-0058
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Water Connected
Water: Public
Local Schools
School District: Contact Agent
Listed By / Shown By
Listing By
Agency Name: Amorelli Realty LLC
Agency Contact: 516-404-7056
Shown By
Agent Name: Carol O Leary
Agent Phone: Cell: (516) 205-4220
Agency Title: Howard Hanna | Coach Realtors
1665 Palmetto Street | MLS# 1062579
This commercial property located at 1665 Palmetto Street , Ridgewood, NY 11385 is currently listed for sale with an asking price of $1,000,000. Palmetto Street is located within the Contact Agent school district. Search Ridgewood real estate on coleary.coachrealtors.com today.