1924 Palmetto Street, Ridgewood, NY 11385

Property Description

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