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Ridgewood Turnkey Package 2 Properties Offered at $4,774,840 CAD in Ridgewood, NY
Investment Highlights
- Highly walkable and visible Ridgewood location
- Fully renovated in 2019
- Washer/Dryer and Split system Heat/AC in every unit
- Steps from Forest Ave MTA Station
- Under market rents
- Located in one of the highest rent growth submarkets in NYC
Executive Summary
Located in the heart of one of NYC's fastest appreciating neighborhood's 58-48 and 58-50
Catalpa present a prime portfolio building opportunity. The highly visible properties sit on
Catalpa Avenue at the intersection of Forest and Woodward Avenues.
The turnkey properties are home to Four (4) total apartments and Two (2) retail spaces. All
four apartments are floor-through and have 4 Beds and 2 full baths. Currently, both retail
spaces are being occupied by a doctor office/BioLab medical tenant.
This location has convenient access Ridgewood's best restaurants (Rolo's, Il Gigante, etc)
and bars with major retail corridors surrounding in virtually every direction. Subway access
is a 4-minute walk at the Forest Avenue "M" train station and 8-minutes to the "L" train at
the Myrtle-Wyckoff station.
Catalpa present a prime portfolio building opportunity. The highly visible properties sit on
Catalpa Avenue at the intersection of Forest and Woodward Avenues.
The turnkey properties are home to Four (4) total apartments and Two (2) retail spaces. All
four apartments are floor-through and have 4 Beds and 2 full baths. Currently, both retail
spaces are being occupied by a doctor office/BioLab medical tenant.
This location has convenient access Ridgewood's best restaurants (Rolo's, Il Gigante, etc)
and bars with major retail corridors surrounding in virtually every direction. Subway access
is a 4-minute walk at the Forest Avenue "M" train station and 8-minutes to the "L" train at
the Myrtle-Wyckoff station.
Property Facts
| Price | $4,774,840 CAD | Number of Properties | 2 |
| Price / SF | $612.71 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.60% | Total Building Size | 7,793 SF |
| Sale Type | Investment | Total Land Area | 0.10 AC |
| Status | Active |
| Price | $4,774,840 CAD |
| Price / SF | $612.71 CAD / SF |
| Cap Rate | 6.60% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,793 SF |
| Total Land Area | 0.10 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 58-50 Catalpa Ave, Ridgewood, NY 11385 | Office | 3,428 SF | 1901 | - |
| 58-48 Catalpa Ave, Ridgewood, NY 11385 | Retail | 4,365 SF | 1901 | - |
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Ridgewood Turnkey Package
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