61-09 Catalpa Ave, Ridgewood, NY 11385
New

27 Photos
 
$2,150,000
Active for Sale
 
Listing ID 11437206
Property Type Multi-Unit (5+)
County Queens
Township Queens
Neighborhood Flushing
Total Tax $37,430
FEMA Flood Map fema.gov/portal
Year Built 1930
Virtual Tour

Great Investment opportunity at 61-09 Catalpa Ave. Brk 9 Family

This stunning 9-unit BRICK building, built in 1930, is a solid investment with a prime location. Just steps away from the Fresh Pond Rd. M train entrance, this property offers convenience and accessibility, perfect for urban dwellers. With its charming neighborhood and proximity to vibrant shopping districts, this property is a dream come true for both investors and potential residents. Experience the perfect blend of comfort and potential with the unit composition of this property. Featuring 1-studio, 1-2 bedroom, & 7-3-bedroom apartments. Each living space is thoughtfully designed for maximum comfort and has 1 full bathroom. Also featuring a full basement and oil heating. Unlock the potential of 61-09 Catalpa Ave. and make your mark in one of NYC's most sought-after neighborhoods. With Spacious units spanning approximately 9240 s/f, this building presents an excellent opportunity for a substantial upside based on vacancies of units with higher legal rents. Its solid brick construction and prime location make it an appealing prospect for savvy investors, developers, and individuals looking for a welcoming place to call home. Don't miss out on this chance to turn your real estate aspirations into reality.
Property Details
  • 9 Full Baths
  • 3300 SF Lot
  • Built in 1930
  • 4 Stories
  • Available 2/20/2025
  • Full Basement
  • Lower Level: Unfinished
Unit Information

No unit information was entered.

Interior Features
  • Hardwood Flooring
  • Oil Fuel
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Municipal Water
  • Street View
  • Near Bus
  • Near Train
Community Details
  • Mid-rise (Bldg. Style)
Commercial Info
  • 2% Cap. Rate
Income/Expenses
  • Gross Income $164,712
  • Net Income $81,732
  • Operating Exp $82,980
  • Maintainence Exp $6,000
  • Insurance Exp $8,944
  • Heat Exp $17,262
  • Electric Exp $1,215
  • Water Exp $7,929
  • Total Exp $82,980
Taxes and Fees
  • $37,430 Total Tax
  • Tax Year 2024
Listed By
CRIFASI REAL ESTATE INC
Office: 718-821-5999
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