Mixed-Use
Prime Ridgewood Queens Mixed-Use
58-48-58-50 Catalpa Ave, Queens, NY 11385
Listing Price: $3,600,000
Investment 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.
Prime Ridgewood Queens Mixed-Use
Investment Highlights
- Two 3-Story Mixed Use Properties
- 4 Fully Gut Renovated 4 Bedroom, 2 Bathroom Units Over 2 Ground Floor Doctor's Office Units Rented by the Same Medical Group
- Both Sites are Zoned for R5B, 5850 Catalpa has C1-4 Overlay.
- Collections are Current and Both Buildings are Fully Occupied
- Tax Class 1 - RE Taxes Only $13,798 Annually
- Nearby Subway Stations Include: Halsey St (L), Forest Av (M) within .2 miles
Exclusively Listed By
Financing By
Listing Price: $3,600,000
Investment Highlights
- Two 3-Story Mixed Use Properties
- 4 Fully Gut Renovated 4 Bedroom, 2 Bathroom Units Over 2 Ground Floor Doctor's Office Units Rented by the Same Medical Group
- Both Sites are Zoned for R5B, 5850 Catalpa has C1-4 Overlay.
- Collections are Current and Both Buildings are Fully Occupied
- Tax Class 1 - RE Taxes Only $13,798 Annually
- Nearby Subway Stations Include: Halsey St (L), Forest Av (M) within .2 miles
Investment 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.
Exclusively Listed By
Financing By
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