58-48-50 Catalpa
Mixed Use | 6.60% CAP | 8,856 SqFt
Marketing description
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 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.
Investment highlights
• Highly walkable and visible Ridgewood location
• Steps from Forest Ave MTA Station
• 4 apartments and 2 retail spaces
• 100% occupied
• Fully renovated in 2019
• Under market rents
• New appliances
• Split heat/AC systems
• Washer/Dryers in all units
• 3rd-Floor duplexes to private roof decks
• Exposed brick walls
• Virtual doorman
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