Brick Duplex with
For Sale
$1,500,000
Pending
6005 Catalpa Avenue, Ridgewood, NY 11385
Residential Income, Ridgewood, NY
Property Size2,560 SF
Lot Size0.04 Acres
Days on Market48
Property Features for 6005 Catalpa Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
Driveway
Patio and Porch features
Patio
Subdivision
Flushing
Standard status
Pending
Size
2,560 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4482
Amenities
in-unit washer/dryer
private backyard
paved patio area
hardwood floors
abundant natural light
Building Details
Year built
1940
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
EVERGREEN REALTY & INVESTMENTS
Listed By:
Emma Barattini
(646) 838-1378
Added: Sep 17
Changed: Oct 28
Last Checked: Nov 3 at 6:06PM
MLS# 11985515
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This semi-detached brick property contains an approximately 2,560-square-foot lower duplex and a separate third-floor unit. The lower residence offers two bedrooms, two bathrooms, two kitchens, two living areas, and an in-unit washer/dryer, with direct access to the private backyard and built-in garage. The third-floor apartment includes two bedrooms, one bathroom, and distinct living and dining areas. Hardwood flooring and abundant natural light are featured throughout the residences.
The property occupies a 20' x 90' lot within a designated historic district and landmarked area. A private driveway accommodates two vehicles, while the approximately 200-square-foot built-in garage provides space for one additional vehicle. The landscaped backyard includes a paved patio area. Built in 1940, the property is zoned R5B and includes parking for up to 3 vehicles.
The property occupies a 20' x 90' lot within a designated historic district and landmarked area. A private driveway accommodates two vehicles, while the approximately 200-square-foot built-in garage provides space for one additional vehicle. The landscaped backyard includes a paved patio area. Built in 1940, the property is zoned R5B and includes parking for up to 3 vehicles.
Key Highlights
- Approximately 2,560 SF lower duplex with 2 bedrooms, 2 bathrooms, two kitchens, and two living areas
- Separate third‑floor unit with 2 bedrooms, 1 bathroom, living room, and dining room
- Private landscaped backyard with paved patio and direct lower‑duplex access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,578
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,560
$1.3M
Cap Rate 7%
$893,971
$894.0K
Cap Rate 9%
$695,311
$695.3K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$118.3K $46.20/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$113.8K $44.44/SF
− OpEx
−$51.2K −$20.00/SF
NOI
$62.6K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,560
Cap Rate 7%
$893,971
Cap Rate 9%
$695,311
Alternative Uses
Best Use
Apartment 5plus
$894.0K
$782.2K – $1.04M
NOI $62,578 @ 7.0% cap · market cap 4.17%
Second Best
Multifamily LT 5
$605.3K
$529.7K – $706.2K
NOI $42,372 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,108 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,162
Businesses Nearby
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Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible layouts, private outdoor space, and on-site vehicle accommodation.
Where is this duplex located?
The property is located at 6005 Catalpa Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 2,560 SF lower duplex with 2 bedrooms, 2 bathrooms, two kitchens, and two living areas; Separate third‑floor unit with 2 bedrooms, 1 bathroom, living room, and dining room; Private landscaped backyard with paved patio and direct lower‑duplex access
