Building
| Type: | Townhouse |
|---|---|
| Era: | Post-war |
| Floors: | 4 |
Property
| Ownership: | Income Property |
|---|---|
| Rooms: | 32 |
| Bedrooms: | Studio |
FinancialsPrice: $3,899,000
| Price: | $3,899,000 |
|---|
505 Park Ave, New York, NY 10022 Phone: +1212-252-8772 | |
| Courtesy of Compass | |
DescriptionTremendous 25 ft. 8 family building with upside. All apartments are large. Rents are well below market and some can be duplexed. Of the three stabilized units two are on the top floor and one on the ground of the 4 story walk up. There are approximately 8000 ft of air rights and a clean dry full height basement with street access that can be monetized for at least $1200 a month.
This is in a vibrant neighborhood brimming with multiple international hospitality options.
Plenty of room for the savvy to reconfigure financially as well as structurally.
In-place Income - $206,664
2024 Income - $323,340
Contact me for income and expenses.
Amenities- Voice Intercom
- Walk-up
Neighborhood
Tremendous 25 ft. 8 family building with upside. All apartments are large. Rents are well below market and some can be duplexed. Of the three stabilized units two are on the top floor and one on the ground of the 4 story walk up. There are approximately 8000 ft of air rights and a clean dry full height basement with street access that can be monetized for at least $1200 a month. This is in a vibrant neighborhood brimming with multiple international hospitality options. Plenty of room for the savvy to reconfigure financially as well as structurally. In-place Income - $206,664 2024 Income - $323,340 Contact me for income and expenses.
- Voice Intercom
- Walk-up
Neighborhood
Tremendous 25 ft. 8 family building with upside.
DescriptionTremendous 25 ft. 8 family building with upside. All apartments are large. Rents are well below market and some can be duplexed. Of the three stabilized units two are on the top floor and one on the ground of the 4 story walk up. There are approximately 8000 ft of air rights and a clean dry full height basement with street access that can be monetized for at least $1200 a month.
This is in a vibrant neighborhood brimming with multiple international hospitality options.
Plenty of room for the savvy to reconfigure financially as well as structurally.
In-place Income - $206,664
2024 Income - $323,340
Contact me for income and expenses.
Amenities- Voice Intercom
- Walk-up
Neighborhood
Tremendous 25 ft. 8 family building with upside. All apartments are large. Rents are well below market and some can be duplexed. Of the three stabilized units two are on the top floor and one on the ground of the 4 story walk up. There are approximately 8000 ft of air rights and a clean dry full height basement with street access that can be monetized for at least $1200 a month. This is in a vibrant neighborhood brimming with multiple international hospitality options. Plenty of room for the savvy to reconfigure financially as well as structurally. In-place Income - $206,664 2024 Income - $323,340 Contact me for income and expenses.
- Voice Intercom
- Walk-up
Neighborhood
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.