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NewLuxury

$2,899,000

1 days on market

58-34 Catalpa Avenue

Ridgewood, NY 11385

· 8% down, 7% APR, 30yr fixed

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Listing narrative

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.

Listing agent (MLS): Patrick Lennon · Listing brokerage (MLS): RE/MAX Edge

Property Details

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Price

$2,899,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Mixed Use

Home Size

Sqft n/a

Baths

Baths n/a

Year

Year n/a

Status

New

Days on Market

1

· 8% down, 7% APR, 30yr fixed
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Courtesy of RE/MAX Edge

58-34 Catalpa Avenue, Ridgewood | Keller New York