5834 Catalpa Avenue, Ridgewood, NY 11385
Local realty services provided by:Better Homes and Gardens Real Estate Choice Realty
5834 Catalpa Avenue,Ridgewood, NY 11385
$1,587,500
- 6 Beds
- 4 Baths
- 3,300 sq. ft.
- Multi-family
- Active
Listed by:imran khan
Office:realty executives today
MLS#:880094
Source:OneKey MLS
Price summary
- Price:$1,587,500
- Price per sq. ft.:$481.06
About this home
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.
Contact an agent
Home facts
- Year built:1925
- Listing ID #:880094
- Added:93 day(s) ago
- Updated:September 25, 2025 at 01:28 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,300 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1925
- Building area:3,300 sq. ft.
- Lot area:0.04 Acres
Schools
- Middle school:Call Listing Agent
- Elementary school:Contact Agent
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$1,587,500
- Price per sq. ft.:$481.06
- Tax amount:$8,370 (2024)
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