Price Reduced 10.00%
Price History
$999,999
9/16/2025
$900,000
4/23/2026
59-05 Catalpa Avenue, Ridgewood, NY, 11385
1908
This all-brick, six-family building in the highly sought-after Ridgewood neighborhood presents an exceptional investment opportunity. The property features six spacious two-bedroom apartments along with a full basement, offering additional storage and functionality. Measuring 25 x 75 feet on a 25 x 101-foot lot, the building provides a strong physical footprint and efficient layout. Recent capital improvements include a new roof (2017), a brand-new boiler, new water heaters, storage rooms in the basement, a large skylight in the hallway that brings in abundant natural light, high ceilings, and a beautifully maintained garden yard. These features enhance both tenant appeal and long-term durability, making the property a low-maintenance, income generating asset. Ridgewood charm is further highlighted by its vibrant neighborhood atmosphere. The property is surrounded by a diverse mix of cafés, restaurants, shopping centers, grocery stores, and entertainment venues. Excellent transportation access includes the M line located a short distance away at the Middle Village–Metropolitan Ave station and the M/L MyrtleWyckoff station also within a short distance, providing quick connections to Manhattan, Brooklyn, and Queens. Multiple bus routes, including the Q39, Q58, Q98, and B38 limited, also serve the area, further enhancing connectivity for tenants. Parks, schools, and community amenities are nearby, contributing to Ridgewood’s strong residential demand.
Status:
Active
Type:
Commercial
Units:
6
Heating:
Natural Gas
Cooling:
None
Basement:
Full
Levels:
3
Acreage:
0.06
Est. Taxes:
$20,545
Construction
Other
Utilities
Natural Gas Available, Sewer Available
Days on Market:
244
MLS #:
913435
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of MYNY Residential giordano@cbrnyc.com