5848-5850 Catalpa Ave - Storefront Retail/Residential FOR SALE


Ridgewood, NY 11385
$3,600,000 USD
646-996-3709
5848-5850 Catalpa Ave, Ridgewood, NY for Sale
$3,600,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 6.4% Cap Rate

5848-5850 Catalpa Ave
Ridgewood, NY 11385


OVERVIEW

Marcus and Millichap has been chosen to exclusively represent ownership for the sale of 5848 & 5850 Catalpa Avenue, a package deal of two 3-story mixed-use buildings consisting of two 4 bedroom / 2 full bath residential units each and each including 1 commercial unit on the ground floor. The properties are located at the intersection of Catalpa Avenue and Woodward Avenue in the Ridgewood neighborhood of Queens. The buildings have been maintained well, showing fully gut renovated residential units as well as a new roof. The subject properties were built in 1901 and both buildings measure 20 feet wide by 60 feet deep and the lots extend 100 feet deep. The properties are both zoned R5B, however 5850 catalpa avenue has a C1-4 Overlay. The subject properties are located within .2 miles of the Halsey St L-Train and the Forest Avenue M-Train, providing easy access to Manhattan and the rest of the Boroughs. Some nearby national tenants include Dunkin Donuts, Stop and Shop, 7-Eleven, Walgreens, Blink Fitness, Urgent Med, Rite Aid, TD Bank, Chase Bank and Bank of America to name a few.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$495 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,999 SF

ZONING

R5B/C1-4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Steven SiegelMarcus & MillichapMore Info
646-996-3709

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Steven SiegelMarcus & MillichapMore Info
646-996-3709

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.