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$2,456,250
List Price: $2,500,000
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1702 Palmetto Street #BLDG
Apartment in Ridgewood •  building info
10bd • 5ba • 4,800ft² $521 per ft²
Buy with Yoreevo

$2,456,250

List Price

$2,500,000

Key Details
Days on market
298
Last price change
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Estimated payment
$13,854/mo
Taxes
N/A
Maintenance
N/A
Description
Prime Ridgewood: Mixed-Use Building Value-Add Investment Opportunity All Units Free Market This is a rare opportunity to acquire a prime mixed-use building located in the heart of Ridgewood (Voted #1 Hottest neighborhoods for 2025 by Time Out), ideally positioned between two subway stations (L & M lines). This corner property presents substantial value-add potential, with all units being free market with one unit currently vacant. The building offers significant upside in rental income with opportunities to improve the existing layout. The commercial tenant is currently on a month-to-month lease. With convenient access to Manhattan via the L & M subway lines, this property is highly desirable for residential tenants. The buildings location and characteristics make it an excellent investment for those seeking strong future returns. Key Details: Lot Dimensions: 20 100 Zoning: R6B Building Class: S5 Total Square Feet: 4,800 sq ft Taxes: $20,526 For further information or to schedule a viewing, please contact Jamie_Ng.

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History
What it'll cost
Purchase price
$2,500,000
Asking Price: $2,500,000
Term
30 Years
Down Payment
$250,000 (10%)
Min: 10% (250,000)
Rate
6.25 %
Mortgage Amount
$2,250,000
Mortgage Payment
$13,854
Estimated Yoreevo rebate
$43,750
Estimated closing cost
$39,000
Total monthly cost $13,854
Buy your dream home with us and get an estimated $43,750 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Spire Group Inc

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