$1,587,500
 $8,522 est/mo Sourced by Back At You

5836 Catalpa Avenue,Ridgewood, NY 11385

Ridgewood, NY 11385

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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 buildingsEach building has:Three stories + full finished basementGround 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 vacantTotal 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. make it short fro realtors one fifth ChatGPT said:Sure! Here's a condensed version of your property descriptionideal for real estate flyers, MLS, or quick email/text marketing: For Sale: 58-34 & 58-36 Catalpa AvenueMixed-Use Investment | Asking: $3,175,000 Rare opportunity to own two attached mixed-use buildings on one lot in a prime location. Property includes 4 residential units and a 2,200 sq ft commercial space (funeral home) with a finished basement. Each building: 3 stories + finished basement Residential Units: Four 3BR/1BA apartments Commercial Tenant: $6,000/month (lease ends Jan 2026) 3 units rented at $5,550/month | 1 unit vacant Current Income: $11,550/monthPotential Income: Up to $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.

Details

MLS #881667
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1925
Days On Site138
Listing Provided ByRealty Executives Today | Imran Khan

Features

Bed(s)6
Bath(s) 4 Total
SQ Feet3,300
BasementY
Units2

Interior

CoolingWall/Window Unit(s)
HeatingNatural Gas, Other
Interior FeaturesOther

Exterior

Construction MaterialsBrick
Foundation DetailsBlock, Brick/Mortar

Parking

Garage Yes / NoNo

Utilities

UtilitiesElectricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected
SewerPublic Sewer

Taxes

Tax Year2024
Tax Annual Amount8370
Tax Lot9

Area Information

StateNY
CountyQueens
CityRidgewood
Zip Code11385
School DistrictContact Agent
Elementary SchoolContact Agent
High SchoolContact Agent
Sourced by Back At You

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Learn More About This Property

StateNY
CountyQueens
CityRidgewood
Zip Code11385
School DistrictContact Agent
Elementary SchoolContact Agent
High SchoolContact Agent
Sourced by Back At You
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Listing Updated: November 7, 2025 at 2:43:01 PM PST