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$ 2,899,000
Est. payment /mo
New
58-34 Catalpa AVE Ridgewood, NY 11385
6,600 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,600 sqft
Price per Sqft $439
MLS Listing ID 505327
Annual Tax Amount $17,770
Property Sub-Type Mixed Use
Property Description
Exceptional Mixed-Use Investment Opportunity – 58-34 & 58-36 Catalpa Avenue
An outstanding opportunity to acquire a substantial mixed-use investment property encompassing two attached buildings, two street addresses, and one deed. This unique property combines residential space with a large commercial space currently utilized as a funeral home, offering a diversified income-producing asset with both residential and commercial components.
Each building measures approximately 20 feet by 55 feet and contains roughly 3,300 livable square feet. Both buildings feature a 6-over-6 room layout, providing spacious and versatile residential accommodations. The commercial space offers a functional funeral home layout, including a front office, viewing rooms, preparation room, two restrooms, kitchenette, basement space, and rear access. Additional features include basement storage, an elevator/lift serving the funeral home area, two storage sheds, a camera security system, central air conditioning in the funeral home, and a gas boiler heating system.
The property will be delivered with 3 of the 4 apartments vacant, offering an incoming investor meaningful flexibility to renovate, re-tenant, or optimize the residential income stream. The property encompasses two adjoining lots, each measuring approximately 20 feet by 83.5 feet, for a combined frontage of approximately 40 feet. The attached buildings and multiple residential and commercial spaces create an appealing opportunity for investors seeking diversified rental income within a single ownership.
With both buildings offering a 6-over-6 room configuration, approximately 3,300 livable square feet each, and a substantial commercial component, this property presents a distinctive combination of residential occupancy, established commercial use, and long-term investment potential.
An outstanding opportunity to acquire a substantial mixed-use investment property encompassing two attached buildings, two street addresses, and one deed. This unique property combines residential space with a large commercial space currently utilized as a funeral home, offering a diversified income-producing asset with both residential and commercial components.
Each building measures approximately 20 feet by 55 feet and contains roughly 3,300 livable square feet. Both buildings feature a 6-over-6 room layout, providing spacious and versatile residential accommodations. The commercial space offers a functional funeral home layout, including a front office, viewing rooms, preparation room, two restrooms, kitchenette, basement space, and rear access. Additional features include basement storage, an elevator/lift serving the funeral home area, two storage sheds, a camera security system, central air conditioning in the funeral home, and a gas boiler heating system.
The property will be delivered with 3 of the 4 apartments vacant, offering an incoming investor meaningful flexibility to renovate, re-tenant, or optimize the residential income stream. The property encompasses two adjoining lots, each measuring approximately 20 feet by 83.5 feet, for a combined frontage of approximately 40 feet. The attached buildings and multiple residential and commercial spaces create an appealing opportunity for investors seeking diversified rental income within a single ownership.
With both buildings offering a 6-over-6 room configuration, approximately 3,300 livable square feet each, and a substantial commercial component, this property presents a distinctive combination of residential occupancy, established commercial use, and long-term investment potential.
Location
State NY
County Queens
Area Ridgewood
Rooms
Basement Finished, Full, Separate Entrance, Walk-in
Interior
Interior Features Kitchen, Lobby, Restrooms - Public, Restrooms - Staff, Security Alarm
Hot Water Gas
Heating Gas
Flooring Carpeting, Hardwood, Tile, Other
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by RE/MAX Edge
