59-39 Palmetto Street, Ridgewood, Ridgewood, NY 11385

PRIME RIDGEWOOD LOCATION - Located in the heart of Ridgewood, one of Queens’ most desirable and rapidly evolving neighborhoods, the property benefits from strong residential demand and short walking distance to a vibrant mix of local and national retailers.

FULLY FREE-MARKET TENANCY - All three buildings are free-market multifamily assets with no rent stabilization component.

VALUE-ADD OPPORTUNITY THROUGH VACANCY & RENOVATION POTENTIAL - The portfolio presents immediate upside with two vacant units and a month-to-month tenancy. This provides a new owner the ability to renovate interiors, allowing investors to increase rental income and modernize the assets.

SEPARATELY METERED UNITS - All residential units across the three buildings are separately metered for gas and electricity, significantly reducing landlord utility expenses while streamlining property management and expense recoverability.
Note: The exception includes unit 1L at 59-41 Palmetto Street, which is combined with the common area electric meter. Units 1L & 1R at 60-15 share the gas with the common area meter.

PROXIMITY TO MULTIPLE PUBLIC TRANSIT LINES - The properties are within walking distance to the M Train and L Train, and are further supported by nearby bus service including the Q58, Q54, B13 QM24, QM25 and QM34 lines, providing convenient access throughout Queens, Brooklyn, and Manhattan.