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20-43 Palmetto Street, Ridgewood, NY, 11385

20-43 Palmetto Street

$950,000

Key Information

Cap Rate
6.11%
$ per SF
$169
Tot. SF
5,600
Lot Size
0.06 Acres
Units
6
Type
Apartments
NOI
$57,713

Highlights

• Owner-User Potential — Unit 1R will be delivered vacant at closing, allowing a new owner to occupy the unit themself, or lease the unit and collect legal rent.
• Location — Korean Square, Ridgewood. Anchored on the landmark triangular island where Grandview Avenue, Forest Avenue, and Palmetto Street converge.
• Tax Class — Protected (2A), increases capped at 8% per year or 30% over five years.
• Unit Layouts — 2-bedroom railroad apartments.
• Transit — Located 2 blocks away from the Forest Avenue M-Train station allowing direct access to Midtown Manhattan.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017