58-34 Catalpa Avenue
Ridgewood, NY, 11385 $ 2,899,000
Bedrooms-- Baths-- Sq 3,300 Monthly Estimate*
$ 20,023
for $2,899,000. This 3,300 square foot building was built on a lot size of 0.077135.
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.
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Cooling Central Air
Utilities See Remarks
Construction Materials Block Brick
Property Subtype Mixed Use
Tax Year 2025
Parcel Number 03474-0008
Gross Income 141000
Business Type Mixed
County Queens
Operating Expense 35743
Property Type Commercial Sale
Building Features Bathrooms Other Storage
Directions Use GPS
High School Maspeth High School
City New York
High School District Queens24
Elementary School Ps 88 Seneca
Property Attached Y/N Y
Tax Annual Amount 17770
Middle/Junior High School Joseph F Quinn Intermediate School 77
Virtual Tour https://show.tours/sMx9njzV https://show.tours/sMx9njzV
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Queens24
Elementary School District Queens 24
Tax Lot 8
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InteriorBasement Finished Full
Flooring Carpet Hardwood Other Tile
Basement Features Finished Full
Basement (Y/N) Y
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ExteriorParking Features On Street On Street
Water Source Other
Foundation Details Block
Building Area Total 3300
Waterfront Y/N N
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* Excluded FeaturesList ByPatrick LennonListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $20,023
- Monthly Property Taxes
- $1,481
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Ridgewood, NY
Average List Price $1,656,190
Percent of Sale Price 43%
About Ridgewood, NY 103,573 Population
6% Since 2002
$ 62,666 Median Income
37.87 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
4892093 Elementary School
5163156 Middle School
Maspeth High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/19/2026 | $2,899,000 | | Listed Price |