New York, NY 10467

Property

Ownership: For Sale
Type: Multi-Family
Pets: Pets No
Lot Size: 0.05 Acres

Financials

Price:$1,595,000
Annual Taxes:$12,285
505 Park Ave, New York, NY 10022
Listing Courtesy of Compass Greater NY, LLC

Description

Renovated 5-family mixed use building for sale. Income producing & fully leased- this will not be delivered vacant. High traffic block on Webster Ave. Brand-new plumbing and electrical systems This turn-key investment features 5 free-market units- three 2-bedroom units and two 1-bedroom units, each outfitted with premium finishes including refinished hardwood floors, 42-inch kitchen cabinets, granite countertops, tiled backsplashes, stainless steel appliances, and luxurious glass and porcelain tiled bathrooms. The electric-gated storefront, complete with two bathrooms, offers flexible configuration options, allowing it to function as either one or two separate commercial spaces. Currently leased to a thriving business center, this space guarantees immediate income. The building features a basement with ample work and storage areas, plus a separate finished space that opens to a private fenced-in backyard—an ideal feature for tenants and a value-add for rental pricing. Additional Information: HeatingFuel:Oil Above Ground,

Amenities

  • Electricity Available
  • Tankless Water Heater

Renovated 5 family mixed use building for sale.


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.