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17-05 Palmetto St, Ridgewood, NY 11385

$ 1,565,000

17-05 Palmetto St,
,

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Property Id : 20118
Price: $ 1,565,000
Bedrooms: 18
Bathrooms: 6
Basement: Full
Structure Type: Brick
Floors No: 3

About this property

X-Large Brick 6 Family w/ 2 Free Marker Apts in Prime Ridgewood!
Building is located in Ridgewood’s trendy section.
– Just 1 Block to the Seneca M
– 2 blocks to Myrtle-Wyckoff L Trains All
Apartments are in excellent condition.
Each Apt: 3 Br/1 Bath.
Total: 18 Br/ 6 Bath.
Full Basement: great for storage!
1L*: Owner Occupied. (Projected Rent: $2,200/mo) (Free Market) 
1R*: Vacant (Projected Rent: $2,200/mo) (Free Market) 
2L: $1,126/mo (Lease ends 08/19)
2R: $1,134/mo (Lease ends 05/19)
3L: $1,147/mo (Lease ends 08/19)
3R: $1,020/mo (Lease ends 06/19)
*Apts 1L & 1R are Free Market & will be delivered VACANT. The rest are rent stabilized.
Actual Rent: $105,924/Yr (w/Projected Rents for 1L & 1R)
Expenses: 24,651/ Yr (Taxes: $12,251, Water: $6,000, Heat $3,000, Insurance $3,000, Electric $400)
NOI: $78,873
CAP RATE: 5% (w/ Projected Rent for 1L & 1R)

Building: 28 x 68 ft
Lot: 28 x 100 ft
Zoning: R6B
FAR: 2.04; MAX FAR: 2

Great Investment Property!
Call TODAY for More Information!

Amenities and Features

back yard

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