6444 Palmetto Street, Ridgewood, NY 11385
sale
$755,000
|
Other
Courtesy Of eXp Realty
Income-producing garage asset located in Ridgewood, Queens. The property features 14 garage units on a 5,200 SF lot with consistent and high vehicle storage demand. Zoned R5B with unused residential FAR, the property offers a clear value-add angle with up to approximately 4,220 buildable residential square feet. Built in 1930, the asset benefits from low operating complexity, stable cash flow potential, and a strong land component. Situated within a well-established Ridgewood corridor near major transit access, this location supports steady and passive income plus future upside for investors in Queens.
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Property Features
- Age: Over 50 Years Old
- Building Units: 14
- Exterior Type: Brick
- MLSID: 943394
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