New York, NY 10456

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 6
Pets: Pets No
Lot Size: 0.04 Acres

Financials

Price:$1,295,000
Annual Taxes:$2,201.52
505 Park Ave, New York, NY 10022
Listing Courtesy of New Home Mega Management Corp

Description

Own a Piece of History! Gorgeous Landmark 3-Family Home in Morrisania, Bronx – A Perfect Investment & A Place to Call Home! This stunning, fully renovated landmark three-family home offers the best of both worlds—a lucrative investment opportunity and a place to truly call home. Whether you're looking for steady rental income or planning to live in one unit while having the other apartments cover your mortgage and living expenses, this property delivers unmatched value. Property Features: * Three Spacious Apartments + Full Basement with Separate Entrance! • 1st Floor: 2 Bedrooms, 2 Bathrooms • 2nd Floor: 2 Bedrooms, 2 Bathrooms • 3rd Floor: 3 Bedrooms, 2 Bathrooms • Full Basement: Ideal for additional space or storage Spacious, Comfortable, and Versatile Living * Expansive living and dining areas in each unit—perfect for entertaining and everyday living * Potential for additional bedrooms on each floor for future expansion * Private backyard for relaxation or gatherings Completely Remodeled Inside & Out! * Brand-new interiors with elegant finishes. * New plumbing & electrical systems for peace of mind. * Separate boilers, heaters AND meters in Every Unit!!! * Modern gallery kitchens with stainless steel appliances in every unit. * Gleaming hardwood floors throughout. * Stylish new bathrooms. * Ample closet space for ultimate convenience. Prime Location & Accessibility: * Near public transportation, major highways, top-rated schools, and restaurants. * Walk Score: 88 – Conveniently walkable neighborhood. * Transit Score: 100 – Steps from major subway & bus lines (Rider’s Paradise). * Bike Score: 73 – Easy and enjoyable biking in the area. An Incredible Investment & Homeownership Opportunity! * Live comfortably in one unit while the rental income from the other two covers your mortgage and living expenses! * Strong return on investment with the potential to add extra bedrooms and increase rental income over time. * Perfect for investors, first-time homebuyers, or those looking to build generational wealth. This rare gem won’t last long - take advantage of this GREAT opportunity!

Amenities

  • Electricity Connected
  • Galley Type Kitchen
  • Natural Gas Available
  • Natural Gas Connected
  • Quartz/Quartzite Counters
  • Sewer Available
  • Sewer Connected
  • Trash Collection Public
  • Water Available
  • Water Connected

Own a Piece of History ! Gorgeous Landmark 3 Family Home in Morrisania, Bronx A Perfect Investment amp ; A Place to Call Home !


    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.