--- title: "58-40 Catalpa Avenue, New York City, NY 11385" description: "58-40 Catalpa Avenue, New York City, NY 11385 — Multi Family Home in Ridgewood, Queens, NY. Listing Price $1,499,999. 6 bed, 3 bath, 3,300 sqft Illustrative Buyer Commission Share of $22,500 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11385/58-40-catalpa-avenue-ny-11385" source: "Real Estate Rebate Team" dateModified: "2026-08-24T19:33:53.994Z" status: "Active" --- # 58-40 Catalpa Avenue, New York City, NY 11385 Multi Family Home in Ridgewood, Queens, NY Courtesy of Compass Last updated: August 24, 2026, 3:33 PM ## At a Glance - **Listing Price**: $1,499,999 - **Beds**: 6 - **Baths**: 3 - **Sqft**: 3,300 - **Monthly Taxes**: $733 / mo - **Price per Sqft**: $455 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,499,999 - **Illustrative Buyer Commission Share**: -$22,500* - **Illustrative Net Cost**: $1,477,499 *Illustrative Buyer Savings of $22,500 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![58-40 Catalpa Avenue, New York City, NY 11385 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5486b81a-e039-4214-bdb2-fed6f5adf515.png) ![58-40 Catalpa Avenue, New York City, NY 11385 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/710e63b0-cdcb-47e3-8dbb-c528277fe75c.png) ![58-40 Catalpa Avenue, New York City, NY 11385 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5146bd59-fd24-4066-9eb1-a8247a209499.png) ![58-40 Catalpa Avenue, New York City, NY 11385 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ee53c16c-cdb7-4d77-b562-0b89d0890b06.png) ![58-40 Catalpa Avenue, New York City, NY 11385 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/93ec69f8-4628-490d-9e38-2caf856abbea.png) ![58-40 Catalpa Avenue, New York City, NY 11385 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5db81401-382a-4a8f-91b5-a272918213d4.png) ![58-40 Catalpa Avenue, New York City, NY 11385 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cd2ed502-6baa-4a4c-82cb-2223fbc963b0.png) ![58-40 Catalpa Avenue, New York City, NY 11385 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/94ab93d1-8e3b-4cc1-9295-1ce7081ff1e5.png) ![58-40 Catalpa Avenue, New York City, NY 11385 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5a2af287-06d5-47ba-8207-805510c67b02.png) ![58-40 Catalpa Avenue, New York City, NY 11385 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bc9cadf4-5264-41db-8ce9-a3173ccd1081.png) ## Property Overview A RARE RIDGEWOOD INVESTMENT OPPORTUNITY—THREE RESIDENCES, EXISTING RENTAL INCOME, AND NEARLY 3,800 SQUARE FEET UNDER ONE ROOF. Welcome to 58-40 Catalpa Avenue, an exceptional three-family brick residence in the heart of Ridgewood, offering an outstanding combination of space, versatility, and income-producing potential. Meticulously maintained and thoughtfully cared for, this substantial property spans approximately 3,780 square feet of total floor area, including a full unfinished basement, and presents an excellent opportunity for investors, end users, or buyers seeking a multi-generational living arrangement. The first-floor residence features two generously proportioned bedrooms and one full bathroom, complemented by a comfortable living and dining layout. An especially desirable feature is direct access to the private rear yard, creating a seamless extension of the living space for outdoor dining, entertaining, gardening, or simply enjoying a private retreat. The second and third floors each offer spacious three-bedroom, one-bathroom layouts designed to maximize both functionality and natural light. Well-proportioned bedrooms, comfortable common areas, abundant windows, and practical layouts make these residences particularly attractive for today’s rental market. Beyond the individual apartments, the property offers a full basement, providing substantial additional space and flexibility for storage and other permitted uses. The building has also benefited from important infrastructure improvements, including updated electrical service and new gas lines, adding significant value and providing greater peace of mind for its next owner. With three residential units, strong projected rental income, substantial square footage, classic brick construction, and a highly desirable Ridgewood location, 58-40 Catalpa Avenue represents a compelling opportunity to own a significant piece of Queens real estate. Enjoy convenient access to neighborhood shopping, dining, transportation, and everything that has made Ridgewood one of Queens’ most sought-after residential communities. Property Financial Overview Expense Annual Amount Real Estate Taxes: $10,000 Water: $3,000 Gas: $8,000 Con Edison / Electric: $2,000 Insurance: $2,500 Total Estimated Annual Expenses: $25,500 Projected Rental Income First Floor: $2,200- $26,400 Second Floor: $2,800 - $33,600 Third Floor: $2,350 -$28,200 Total: $7,350/month - $88,200/year Projected Gross Annual Rental Income: $88,200?Estimated Annual Operating Expenses: $25,500?Estimated Net Operating Income: $62,700/year Figures are estimates provided for informational purposes and should be independently verified by prospective purchasers. ***THE PROPERTY IS CURRENTLY FULLY OCCUPIED BY LONG-TERM TENANTS, ALL OF WHOM ARE AWARE THAT THE BUILDING IS BEING OFFERED FOR SALE. THE BUILDING IS BEING DELIVERED WITH TWO EXISTING LEASES AND ONE MONTH-TO-MONTH TENANCY. THE FIRST-FLOOR LEASE RUNS THROUGH THE END OF JANUARY 2027, THE SECOND-FLOOR LEASE RUNS THROUGH THE END OF SEPTEMBER 2026, AND THE THIRD-FLOOR RESIDENCE IS CURRENTLY OCCUPIED ON A MONTH-TO-MONTH BASIS. THE SELLER’S PREFERENCE IS TO DELIVER THE PROPERTY OCCUPIED, IF POSSIBLE, PROVIDING A PROSPECTIVE PURCHASER WITH EXISTING TENANCY AND RENTAL INCOME FROM THE OUTSET. *** Three residences. One exceptional opportunity. Welcome to 58-40 Catalpa Avenue. ## Property Details - **Property Type**: Triplex - **Beds**: 6 - **Baths**: 3 - **Rooms**: 15 - **Sqft**: 3,300 sqft - **Stories**: 3 - **Year Built**: 1901 - **Price per Sqft**: $455 - **Monthly Taxes**: $733 / mo - **Listed On**: Aug 24, 2026 - **Days on Market**: 21 Days ### Residence Features - Natural Gas - See Remarks - Full ## About The Building ### 58-40 Catalpa Avenue 58-40 Catalpa Avenue, Ridgewood, NY 11385 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1901 - **Total Units**: 1 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/58-40-catalpa-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11385/58-40-catalpa-avenue-ny-11385) | 6 | 3 | 3,300 sqft | $455 | $1,499,999 | Compass | Aug 24, 2026 | 21 days | ## Estimated Monthly Payment **$8,318 / month**, assuming a 20% down payment ($300,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $7,585 - **Property Taxes**: $733 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Ridgewood Overview of Ridgewood [Explore Ridgewood](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/ridgewood) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Ridgewood - [Bushwick real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) - [Glendale real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/glendale) - [Maspeth real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/maspeth) - [Middle Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/middle-village) - [Forest Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/forest-park) - [Cypress Hills real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cypress-hills) ## Related Links - [58-40 Catalpa Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/58-40-catalpa-avenue) - [Ridgewood neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/ridgewood) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > 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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.