Duplex with Private
For Sale
$1,500,000
6005 Catalpa Avenue, Ridgewood, NY 11385
Two separate living areas and a built-in garage support flexible residential occupancy.
Property Size2,560 SF
Lot Size0.04 Acres
Price / SF$585.94
Days on Market43
Property Features for 6005 Catalpa Avenue
General Information
Standard status
Active
Size
2,560 SF
Total Parking Spaces
3
Lot size
0.04 Acres
Property subtype
Multi-Unit (2-4)
Zoning
R5B
Additional Details
Multifamily Units
3
Amenities
in-unit washer/dryer
hardwood floors
private backyard
paved patio area
Building Details
Year Built
1940
Buildings
1
Construction
semi-detached brick
Listing Agency:
EVERGREEN REALTY & INVESTMENTS
Listed By:
Emma Barattini
(646) 838-1378
Source:
Gosenproperties
Added: Sep 17
Changed: Oct 28
Last Checked: Oct 28 at 3:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EVERGREEN REALTY & INVESTMENTS
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Investment Insights
Based on property information with market context.
This semi-detached brick duplex contains approximately 2,560 square feet. The lower unit offers two bedrooms, two bathrooms, two kitchens, two living areas, and an in-unit washer and dryer. A third-floor residence has two bedrooms, one bathroom, and separate living and dining rooms. Hardwood floors and natural light are noted throughout the described spaces.
The lower unit connects directly to a landscaped private backyard with a paved patio. A private driveway accommodates two vehicles, with one additional space in the approximately 200-square-foot built-in garage. The property occupies a 20-by-90-foot lot, carries R5B zoning, and was built in 1940. It is within a designated historic district and landmarked area.
The lower unit connects directly to a landscaped private backyard with a paved patio. A private driveway accommodates two vehicles, with one additional space in the approximately 200-square-foot built-in garage. The property occupies a 20-by-90-foot lot, carries R5B zoning, and was built in 1940. It is within a designated historic district and landmarked area.
Key Highlights
- Approximately 2,560 SF across the lower duplex and third‑floor unit
- Lower residence has 2 bedrooms, 2 bathrooms, 2 kitchens, and 2 living areas
- Third‑floor residence includes 2 bedrooms, 1 bathroom, and separate living and dining rooms
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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Lease Details
3
Residential units
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 separate living areas and a built-in garage support flexible residential occupancy.
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 across the lower duplex and third‑floor unit; Lower residence has 2 bedrooms, 2 bathrooms, 2 kitchens, and 2 living areas; Third‑floor residence includes 2 bedrooms, 1 bathroom, and separate living and dining rooms
