**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 building’s 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.
Active
$2,500,000
1702 Palmetto St, Flushing, NY 11385
10beds
4,800sqft
Mixed Use
Built in 1930
-- sqft lot
$2,425,300 Zestimate®
$521/sqft
$-- HOA
What's special
Corner property
- 327 days
- on Zillow |
- 149 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 10:55am
Listing by:
Spire Group 917-370-7806,
Jamie Chun Ng
Source: StreetEasy,MLS#: S1736958
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
Rooms
- Room types: Bike Room
Features
- Flooring: Hardwood
Interior area
- Total structure area: 4,800
- Total interior livable area: 4,800 sqft
Property
Features
- Has view: Yes
- View description: City
Details
- Parcel number: 034560006
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
Condition
- Year built: 1930
Community & HOA
Community
- Subdivision: Ridgewood
Location
- Region: Flushing
Financial & listing details
- Price per square foot: $521/sqft
- Tax assessed value: $710,000
- Date on market: 9/26/2024
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