Buy with Yoreevo
$982,499
List Price: $999,999
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59-05 Catalpa Avenue
House in Ridgewood •  building info
studio • 2,563ft² $390 per ft²
Buy with Yoreevo

$982,499

List Price

$999,999

Key Details
Days on market
91
Last price change
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Estimated payment
$7,253/mo
Taxes
$1,712/mo
Maintenance
N/A
Description
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.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$999,000
Asking Price: $999,999
Term
30 Years
Down Payment
$99,000 (10%)
Min: 10% (99,000)
Rate
6.25 %
Mortgage Amount
$899,999
Mortgage Payment
$5,541
Taxes
$1,712
Estimated Yoreevo rebate
$17,500
Estimated closing cost
$28,000
Total monthly cost $7,253
Buy your dream home with us and get an estimated $17,500 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Coldwell Banker Reliable R E

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