5834-5836 Catalpa Ave - Apartments FOR SALE


Ridgewood, NY 11385
$3,175,000 USD
917-545-9797
5834-5836 Catalpa Ave, Ridgewood, NY for Sale
$3,175,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

5834-5836 Catalpa Ave
Ridgewood, NY 11385


HIGHLIGHTS

  • 2,200 SF commercial space with fully finished basement
  • Stable commercial tenant (funeral home) in place through January 2026
  • Below-market residential rents with potential for increase on turnover

OVERVIEW

For Sale: 58-34 & 58-36 Catalpa Avenue Mixed-Use Investment | Asking Price: $3,175,000 Two attached mixed-use buildings on one lot in a desirable location. Features four 3BR/1BA residential units and a 2,200 SF commercial space (funeral home) with finished basement. Current Income: $14,750/month Commercial: $6,000/mo (lease through Jan 2026) Residential: 3 units rented at $5,550/mo; 1 unit vacant Potential Income: Up to $21,200/month Commercial market rent: ~$8,000/mo Residential market rent: ~$3,300/unit Immediate cash flow with value-add upside through lease-up and rent adjustments. Strong location and flexible future use.

FOR SALE DETAILS

PRICE

$3,175,000 USD

PRICE/SF

$504 USD /SF

# OF UNITS

6

PRICE/UNIT

$529,167

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,398 SF

ZONING

R5B

APN/PARCEL ID

03474-0008,03474-0009

ASK ABOUT THIS PROPERTY

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917-545-9797

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Imran KhanIK REALTY TEAM - Realty Executives TodayMore Info
917-545-9797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.