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1702 Palmetto Street, Queens NY 11385
1702 Palmetto Street, Queens NY 11385
1702 Palmetto Street, Queens NY 11385
1702 Palmetto Street, Queens NY 11385
1702 Palmetto Street, Queens NY 11385
1702 Palmetto Street, Queens NY 11385
1702 Palmetto Street, Queens NY 11385
New York>Queens>Ridgewood

1702 Palmetto StreetQueens, NY 11385

For Sale

$2,500,000

Smart Buyer Rebate $31,250

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.





Listed by Chun M NG

·

License #10301216731

·

Spire Group Inc

·

(212) 300-6412

Last updated August 31, 2025

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Source: REBNY #RLS20004505

Listing Facts

  • TypeSingle-family
  • NeighborhoodRidgewood
  • Bedrooms10
  • Bathrooms5
  • Days on Prevu198
  • Size4,800 sqft
  • Price per sqft$521

Amenities

  • Pets Allowed

Location

Mortgage Calculator

Listing History

02/20/2025
Listed by Spire Group Inc
$2,500,000

Estimated Closing Costs

Total
$90,500
Attorney Fees
$4,000
NYC Mansion Tax
$31,250
Title Insurance
$11,250
Bank Attorney
$1,500
Mortgage Recording Tax
$38,500
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $2,500,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1702 Palmetto Street

Association

Amenities

  • Pets Allowed: Building Yes, Yes

Fees

  • Association Fee Includes: Water

Financial

  • Flip Tax Remarks: ASK EXCL BROKER

Exterior

Construction

  • Property Condition: Average Condition
  • Stories Total: 3
  • Structure Type: Mixed Use
  • Year Built: 1930
  • Entry Level: 3

Features

  • View: City

Measurements

  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 2,000
  • Lot Size Units: SquareFeet

Interior

Measurements

  • Living Area: 4,800
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 5
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 10
  • Rooms Total: 2

Other

Location

  • City Region: Queens
  • Subdivision Name: Ridgewood
  • Tax Block: 00000
  • Tax Lot: 0000

Utilities

Equipment

  • Cooling: Window Unit(s)
  • Heating: Radiant
  • Has Heating: Yes

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.