5848-5850 Catalpa Ave, Ridgewood, NY 11385
7,280 SF | 100% Leased | Retail Building | Ridgewood, NY 11385 | $3,600,000 ($495/SF) | 6.40% Cap Rate
For Sale
Active
Asking Price $3,600,000
- Property Type
-
Retail
- Square Feet
- 7,280 SF
- Price / Square Foot
- $495
Listing Contacts
- Property Info
Property 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.
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.
Property Details
- Year Built
- 1901
- Stories
- 3
- Property Subtype
- Storefront Retail/Residential, Loft/Creative Space, Office/Residential
- Lot Size (sq. ft)
- 3,920 SF
Nearby Properties
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