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.
Listing By
Agency Name: EXP Realty
Agency Contact: 888-276-0630
Shown By
Agency Title: Coldwell Banker American Homes
Agency Phone: 866-831-4443
6444 Palmetto Street | MLS# 943394
This commercial property located at 6444 Palmetto Street, Ridgewood, NY 11385 is currently listed for sale with an asking price of $755,000. Search Ridgewood real estate on www.cbamhomes.com today.