Ridgewood 3-Family Collection — Sale in Ridgewood, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Ridgewood, NY 11385

Investment Figures

Cap rate
4.40%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer the Catalpa/Gates Ave Collection located in Ridgewood Queens. The collection includes 59-33 Catalpa Ave, 59-35 Catalpa Ave and 61-51 Gates Ave. With limited new supply due to low-density zoning, a growing institutional footprint, and continued tenant migration from higher-cost submarkets, Ridgewood presents investors with a rare opportunity to capture both current yield and long-term appreciation in one of Queens’ fastest-evolving neighborhoods. Investment Highlights: • The Catalpa/Gates Avenue Collection is a prime Ridegwood 3-Family portfolio spanning 10,460 SF Above Grade. • Tax Class: 1 | Previously occupied and maintained by a general contractor | 100% Free Market • Proximity to M & L Subway lines providing connectivity to Mahattan and Brooklyn.

Market Context

This multifamily in Ridgewood, NY is listed for sale. It is offered at an approximate 4.4% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Ridgewood, NY — view the full market.

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