New York, NY 10469

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 7 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.17 Acres

Financials

Price:$1,269,800
Annual Taxes:$6,524.84
505 Park Ave, New York, NY 10022
Listing Courtesy of Jorge L. Pena

Description

**Please submit pre-approval letters or POF before requesting to show as per the owner's request. For offers, submit current pre-approval with proof of funds to topagentinvestors@gmail.com.** Incredible opportunity to own a 2-family home on a massive 75 x 100 triple lot in the Bronx! This unique property offers exceptional space, value, and potential — whether you're an investor, developer, or owner-occupant. this updated 2-family home delivers current income, modern upgrades, and significant development potential. Unit 1: 4BR / 1BA — Currently rented month-to-month at $3,800/month Unit 2: 3BR / 2BA — Vacant and ready for new owner or tenant Each unit has its own dedicated gas boiler and hot water tank, offering efficient, separate utility control — ideal for both owner-occupants and investors. A 2-car detached garage sits at the rear of the property — perfect for parking, workshop space, storage, or conversion to an ADU (check local zoning). The massive yard provides outdoor space, expansion potential, or future development flexibility. Zoned under the new YES bill, allowing for 12–15 units to be built (verify with local zoning). A rare find for developers or long-term holders. FHA FINANCING AVAILABLE— The property Qualifies for FHA's 2-unit loan cap making it accessible to FIRST TIME HOME buyers with just 3.5% down! Live in one unit and collect rental income, or take advantage of the massive lot and development potential. Located near shops, schools, and public transportation. Note: Seller is a licensed real estate professional.

Amenities

  • Granite Counters
  • Natural Gas Connected

Please submit pre approval letters or POF before requesting to show as per the owner's request.


    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.