1665 Palmetto Street, Ridgewood, NY 11385 - Photo 1

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$1,000,000 Just Listed

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Active
Commercial
Updated 1 hour ago

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Property Description

6 Family Rent Stabilized 9.3% CAP Rate Actual Rent Roll, Legal Rents allow for $1k+ more monthly rent 1L $2,397.12 1R $2,050.00 2L $1,764.20 2R $2,253.77 3L $1,257.61 3R $2,096.27 Monthly Total $11,818.97 Annual $141,828 ANNUAL EXPENSES Real Estate Taxes $17,510 Electricity $973 Insurance $8,390 Water / Sewer $7,995 Heating $7,413 Repairs & Maintenance $5,000 Vacancy $4,255 Total Annual $51,536 Buyers must show proof of funds to tour.

Full Property Details

Full Property Details for 16-65 Palmetto St

General

Price: $1,000,000
Taxes: $13,132
Status: Active
Type: Commercial
Source: Long_Island
MLS ID: 1062579
Updated: 10/14/2026
Added to Site: 1 day(s) ago

Parking

Parking Features: On Street

Location

County: Queens

School Information

High School District: Contact Agent

Heating & Cooling

Cooling Type: Wall/Window Unit(s)
Heating Type: Hot Water

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Water Connected

Structural Information

Detached/Attached: Attached
Construction: Brick
Basement: Yes
Basement Desc.: Full Basement
Building Size: 5610
Square Feet: 5,610
Year Built: 1930

Lot Features

Lot Size (Acres): 0.0629
Lot Size (Sq. Ft.): 2,742
Zoning: R6B

Financial Considerations

Tax Amount: $13,132.23

Disclosures and Reports

Special Conditions: None
Property ID: 03448-0058

Listed by Amorelli Realty LLC

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Listing agent

— 16-65 Palmetto St —

Amorelli Realty LLC

516-404-7056

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Schools

Schools serving 16-65 Palmetto St

School District:New York City Geographic School District 24

Name	Grades	Distance
Ps 239 17-15 Weirfield St, Queens, NY 11385	K-5	0.3 mi
Joseph F Quinn Intermediate School 77 976 Seneca Ave, Queens, NY 11385	6-8	0.4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 16-65 Palmetto St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/14/2026

Listed

$1,000,000

167.6%

MLS

7/19/2018

Sold

$373,694

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 16-65 Palmetto St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$17,590

—

$140,764

—

2025

$17,590

3%

$140,721

-46%

2024

$17,052

8%

$260,100

106%

2023

$15,789

10%

$126,289

-69%

2022

$14,345

8%

$405,900

15%

2021

$13,283

-2%

$352,350

-9%

2020

$13,502

3%

$386,550

14%

2019

$13,086

14%

$339,660

250%

2017

$11,441

—

$97,145

8%

2017

$11,441

7%

$89,953

8%

2016

$10,738

—

$83,292

—

2015

$10,727

7%

$83,267

3%

2014

$10,013

8%

$80,705

8%

2013

$9,295

—

$74,727

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 16-65 Palmetto St

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1665 Palmetto Street, Ridgewood, NY 11385 (MLS# 1062579) is a Commercial property. 1665 Palmetto Street is currently listed for $1,000,000 and was received on October 14, 2026. Want to learn more about 1665 Palmetto Street? Do you have questions about finding other Commercial real estate for sale in Ridgewood? You can browse all Ridgewood real estate or contact a Coldwell Banker agent to request more information.

16-65 Palmetto St Ridgewood, NY 11385