New York, NY 10461

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 3
Pets: No Pets Allowed
Lot Size: 0.14 Acres

Financials

Price:$1,299,000
Annual Taxes:$23,920.48
505 Park Ave, New York, NY 10022
Listing Courtesy of In Motion Realty Group Inc.

Bronx Living at its best.

View of front of property with brick siding

Description

Bronx Living at its best. An exceptional investment opportunity in the heart of the Bronx. This Legal 3 family detached mixed-use property sits on a generous 39x100 ft lot and offers strong stable rental income with long-term upside. It offers (3) residential units: Two spacious 2-bedroom Apartment, The garden floor units is currently vacant for potential owner occupancy Plus Studio Apt. Street Level Commercial Space currently leased to a well-stablished medical group, Providing reliable cash flow. Positioned on the high-visibility corridor of Pelham Parkway South, this property is ideal for both investor and end users seeking to live and earn. Close to major transportation, shops, Botanical Garden, Bronx Zoo and essential services. Zoning : R4A- Low density residential zoning: The current mix-use configuration is grandfathered in. Buyers should consult an architect or the NYC DOB for any future development or expansion possibilities.

Amenities

  • First Floor Full Bath
  • Natural Gas Available

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.