5834 Catalpa Avenue, Ridgewood, NY

$1,587,500

Previous Next

6

Beds

4

Baths

3,300

Square feet

About 5834 Catalpa Avenue

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.

Features of 5834 Catalpa Avenue

MLS® # 880094
Price $1,587,500
Bedrooms 6
Bathrooms 4.00
Full Baths 4
Internal Footage 3,300
Square Footage 1710
Acres 0.00
Year Built 1925
Type Residential Income
Sub-Type Triplex
Style Other
Status Active

Community Information

Address 5834 Catalpa Avenue
City Ridgewood
County Queens
State NY
Zip Code 11385

Amenities

Utilities Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Water Available
Is Waterfront No
Has Pool No

Interior

Interior Features Other
Heating Natural Gas, Other
Cooling Wall/Window Unit(s)
Fireplace No
Has Basement Yes
Basement Finished, Full

Exterior

Construction Brick

School Information

Elementary Contact Agent
Middle Call Listing Agent

Additional Information

Date Listed June 24th, 2025
Days on Market 113
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofRealty Executives Today
Contact Info718-274-2400

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?