Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Bathrooms: 3
Pets: Pets No

Financials

Price:C999,998
($731,858.54)
(€637,257.64)
Annual Taxes:C8,454.62
505 Park Ave, New York, NY 10022

Description

Located in the heart of Little Chinatown, this gem of a building has been fully leased for years and years. With 891sq' (per MPAC) at grade retail storefront main floor, plus ~750sq' basement, one and half washrooms, offices and side egress - leased in good standing until Fall 2025 (exit options are negotiable). The store also enjoys a private fenced courtyard in rear. Parking on the street or in the large lot behind the building. The three bedroom Apartment with separate front entrance, also 891sq', features living room, dining room, kitchen and full washroom. It is leased month-month. The property has been maintained and upgraded over the decades. Please find attached a complete list and details on room dimensions etc. The area is serviced by 24 hour TTC, quick access to DVP. This is an affordable investment or end-user opportunity in a dynamic and culturally significant area. Lots of local success stories. Hugh's Room, Completo, Oji Seichi and Lady Marmalade, to name but a few. **EXTRAS** The first floor is heated with electric base boards heaters. The second floor is heated with combination of boiler/rads and electric base board heaters. The roofing was replaced in 2008 and there are no signs of roof leakage now.

Amenities

  • Available
  • Major Highway
  • Public Transit

Located in the heart of Little Chinatown, this gem of a building has been fully leased for years and years.


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.