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For Sale

1924 Palmetto Street

Ridgewood, NY 11385

$1.6M
4 BD · 4 BA · 2,750 sf · Built 1930
The residence

Free-market four-family investment property 4 residential units Two recently renovated upper-floor apartments Updated kitchens with stainless steel appliances, including dishwashers Three of the occupied units are month-to-month Actual gross annual income: $110,760 Potential gross annual income: $199,200 Significant rental upside, including potential to duplex the first-floor units Approx. 2,750 SF building 25' x 55' building footprint 25' x 100' lot - approx. 2,500 SF R5B zoning 1.10 current FAR / 1.50 residential FAR Approx. 3,750 SF maximum buildable area Approx. 1,000 SF of additional buildable area Tax Class 2A Built in 1930 Approx. annual property taxes: $9,229 Located in prime Ridgewood, near Rosemary's Playground and the Woodward Avenue corridor

At a glance
Property type
Status
Active
Year built
1930
Living area
2,750 sf
MLS#
11994545
Beds · Baths
4 · 4
Location

Ridgewood, NY.

Ridgewood, New York, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+
$8K/mo
Approximate · principal & interest only
Display Currency
$1.6M

Indicative conversion — settlement always in USD.

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Listing courtesy of EVERGREEN REALTY & INVESTMENTS · NYSMLS

My State MLS / New York State MLS.Listing data is provided by My State MLS / New York State MLS for the personal, non-commercial use of consumers, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Information is deemed reliable but is not guaranteed accurate and should be independently verified.

Listings updated Sep 24, 2026

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