Great Investment Opportunity! Spacious 4-family home located just 3 blocks from the subway. The property features three railroad-style apartments, each offering 5 rooms, 2 bedrooms, and 1 full bath, plus a separate studio apartment. Each unit excluding the studio apt. includes an eat-in kitchen and combined living/dining area. The home also boasts a beautifully finished basement and a nice backyard—perfect for outdoor enjoyment. One apartment will be delivered vacant at closing. Perfect location—close to shopping, transportation, restaurants, and cafes! All tenants are month to month with no leases. Rents are as follows: 1R-2 Bedroom-$2,350 1L-Studio-$1,900 2R-2 Bedroom-$2,000 2L-2 Bedroom-Vacant on title
Listed by Joseph V. Crifasi
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Crifasi Real Estate Inc
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718-821-5999
Last updated November 08, 2025
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Source: OneKey #931953
Listing Facts
TypeMulti-family
NeighborhoodRidgewood
Bedrooms6
Bathrooms4
Days on Prevu12
Taxes$9,273/year
Location
Mortgage Calculator
Listing History
11/07/2025
Listed by Crifasi Real Estate Inc
$1,999,000
Estimated Closing Costs
Total
$69,270
Attorney Fees
$4,000
NYC Mansion Tax
$19,990
Title Insurance
$8,996
Bank Attorney
$1,500
Mortgage Recording Tax
$30,784
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,999,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 1920 Palmetto Street
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Year Built: 1930
Construction Materials: Block, Brick
Measurements
Building Area Total: 2,750
Building Area Units: Square Feet
Lot Size Acres: 0.05
Lot Size Dimensions: 25,100
Lot Size Square Feet: 2,500
Financial
Residential Income
Gross Income: $75,000.00
Taxes
Parcel Number: 03479-0025
Tax Annual Amount: $9,273.00
Tax Year: 2024
Interior
Features
Interior Features: Eat-in Kitchen
Rooms
Basement: Finished, Full
Has Basement: Yes
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 6
Other
Location
Tax Block: 3479
Tax Lot: 25
Schools
Elementary School
Elementary School: Ps 88 Seneca
Elementary School District: Queens 24
High School
High School: Grover Cleveland High School
High School District: Queens24
Middle or Junior School
Middle Or Junior School: Is 93 Ridgewood
Middle Or Junior School District: Queens24
Utilities
Equipment
Heating: Natural Gas
Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected, Natural Gas Connected
Water Source: Public
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