picture-gallery

1702 Palmetto Street, Ridgewood, New York, 11385

$2,350,000

Commercial

Active

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%.

Street Address: 1702 Palmetto Street
City: Ridgewood
State: New York
Postal Code: 11385
County: Queens
MLS Number: 841957
Year Built: 1930
Courtesy of Exit All Seasons Realty

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