5834 Catalpa Avenue
Ridgewood, NY 11385
Map
- 6 beds
- 4 baths
- 3,300 sqft
- 1,710 sqft lot
- $481 per sqft
- 1925 build
- – on site
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.
Last checked:
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Last updated Jun 24, 2025
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MLS# 880094 —
The Building
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Year Built:1925
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Basement:true
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Architectural Style:Other
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Construction Materials:Brick
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# of Total Units:3
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Building Area Units:Square Feet
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Total Vacancies:1
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Building Area Total:3300
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Building Area Source:Public Records
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Attic:None
Interior
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Interior Features:Other
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Fireplace:false
Financial & Terms
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Listing Terms:1031 Exchange
The Property
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Fencing:Back Yard
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Property Type:Residential Income
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Property Subtype:Triplex
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Lot Size SqFt:1,710 Sqft
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Property Attached:true
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Additional Parcels:true
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Lot Size Dimensions:20 X 86.42
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Waterfront:false
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Water Access:No
Listing Agent
- Contact info:
- Agent phone:
- (718) 274-2400
- Office phone:
- (718) 274-2400
Taxes
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Tax Year:2024
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Tax Source:Municipality
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Tax Annual Amount:8370
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Tax Lot:9
Beds
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Total Bedrooms:6
Baths
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Full Baths:4
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Total Baths:4
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas, Other
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Cooling:Wall/Window Unit(s)
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# of Heat Units:1
Utilities
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Sewer:Public Sewer
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Utilities:Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Water Available
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Water Source:Public
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Electric Company:Con Edison
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Water Sewer Expense:4725
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# of Separate Gas Meters:3
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# of Separate Electric Meters:3
Schools
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Elementary School:Contact Agent
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Middle School:Call Listing Agent
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Elementary School District:Contact Agent
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Middle School District:Contact Agent
The Community
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Senior Community:false
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Additional Fees:No
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Pool Private:false
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Spa:false
Parking
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Garage:false
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Carport:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/24/25
Jun 24, 2025
|
Listed / Active | ONEKEY | $1,587,500 |
