New York, NY 10472

Property

Ownership: For Sale
Type: Multi-Family
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$1,399,999
Annual Taxes:$23,021.96
505 Park Ave, New York, NY 10022
Listing Courtesy of eXp Realty

Description

Prime Investment Opportunity in Parkchester – 5-Family Brick House with 6 Units NOT rent stabilized! Located just two blocks from the St. Lawrence Ave #6. The layout includes two 1-bedroom apartments on the first floor (front & back), one 2-bedroom apartment and one 1-bedroom apartment on the second floor, and one 2-bedroom apartment and one 1-bedroom apartment on the third floor. All tenants are on a month-to-month basis, with rental income potential up to $12K+ per month / $150K annually, making this an excellent opportunity for investors seeking steady cash flow. Additional features include a small backyard, a brand-new roof and gas boiler (installed in 2025), and close proximity to major transportation, shopping, dining, and major highways including the Cross Bronx Expressway, Bronx River Parkway, and Bruckner Expressway, making commuting easy and convenient.

Amenities

  • Cooktop
  • Natural Gas Connected
  • Refrigerator

Prime Investment Opportunity in Parkchester 5 Family Brick House with 6 Units NOT rent stabilized !


    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.