58-34 Catalpa Avenue
New York, NY 11385

Property

Ownership: For Sale
Type: mixed-use
Bedrooms: Studio

Financials

Price:$2,899,000
Annual Taxes:$17,770
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of RE/MAX Edge

Exceptional Mixed Use Investment Opportunity 58 34 amp ; 58 36 Catalpa Avenue An outstanding opportunity to acquire a substantial mixed use investment property encompassing two attached buildings, two street ...

Description

Exceptional Mixed-Use Investment Opportunity – 58-34 & 58-36 Catalpa Avenue An outstanding opportunity to acquire a substantial mixed-use investment property encompassing two attached buildings, two street addresses, and one deed. This unique property combines residential space with a large commercial space currently utilized as a funeral home, offering a diversified income-producing asset with both residential and commercial components. Each building measures approximately 20 feet by 55 feet and contains roughly 3,300 livable square feet. Both buildings feature a 6-over-6 room layout, providing spacious and versatile residential accommodations. The commercial space offers a functional funeral home layout, including a front office, viewing rooms, preparation room, two restrooms, kitchenette, basement space, and rear access. Additional features include basement storage, an elevator/lift serving the funeral home area, two storage sheds, a camera security system, central air conditioning in the funeral home, and a gas boiler heating system. The property will be delivered with 3 of the 4 apartments vacant, offering an incoming investor meaningful flexibility to renovate, re-tenant, or optimize the residential income stream. The property encompasses two adjoining lots, each measuring approximately 20 feet by 83.5 feet, for a combined frontage of approximately 40 feet. The attached buildings and multiple residential and commercial spaces create an appealing opportunity for investors seeking diversified rental income within a single ownership. With both buildings offering a 6-over-6 room configuration, approximately 3,300 livable square feet each, and a substantial commercial component, this property presents a distinctive combination of residential occupancy, established commercial use, and long-term investment potential.

Amenities

  • Bathrooms
  • Other
  • Storage

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.