USANYRidgewood5834 Catalpa Ave
Home theater room with wood finished floors, wooden walls, and a wall mounted air conditioner | Image 1
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$1,587,500

5834 Catalpa Ave, Ridgewood, NY

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage No
Taxes $8,370
Days Active 37
Lot Size 
Approx. Age 1925
MLS® Number 880094

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

For Sale: 58-34 & 58-36 Catalpa Avenue – Mixed-Use Investment Property with Strong Upside. Both Building Together priced at $3, 175, 000. An excellent opportunity to acquire two mixed-use buildings situated on a single lot in a desirable location. Located at 5834 and 5836 Catalpa Avenue, this property features a total of four residential units and a commercial space currently operated as a funeral home. Each building offers three stories plus a fully finished basement, maximizing usable space and income potential. Property Overview: Lot includes two attached buildings Each building has: Three stories + full finished basement Ground Floor & Basement: Combined commercial use (Funeral Home – approx. 2, 200 sq ft) Second Floor: Two 3-bedroom, 1-bath apartments (one per building) Third Floor: Two additional 3-bedroom, 1-bath apartments (one per building) Basement: Finished and utilized as part of the funeral home Current Income: Commercial Tenant (Funeral Home):$6, 000/month Lease expires January 2026 Residential Units:Three units rented with a total of $5, 550/month One unit currently vacant Total Current Income: $11, 550/month Potential Rental Income: Commercial Space (Funeral Home): Estimated market rent: $8, 000/month Four 3-Bedroom Apartments: Estimated total market rent: $13, 200/month (~$3, 300/month per unit) Total Potential Income: $21, 200/month This property offers immediate income with significant upside through leasing the vacant unit and adjusting below-market rents upon turnover. Ideal for investors seeking a value-add opportunity with stable tenancy and flexible future use.Show Description
MLS® Number880094
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1925
BasementFinished, Full
Driveway
Garage Spaces
HeatNatural Gas, Other
A/CWall/Window Unit(s)
Heating Fuel

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