New York, NY 10469

Property

Ownership: For Sale
Type: Unknown
Rooms: 9
Bedrooms: 5 BR
Bathrooms: 2.5
Pets: Pets No

Financials

Price:$685,000
Annual Taxes:$5,218
505 Park Ave, New York, NY 10022
Listing Courtesy of Astor Brokerage Ltd

Description

Located in the desirable Laconia neighborhood of the Bronx, this freestanding two-story frame home sits on an R5-zoned lot with incredible development potential. Built in 1901 and measuring approx. 1,974 sq ft, makes this an ideal blank slate for builders or investors looking to maximize the site’s unused FAR. Key Development Features: Zoned R5 – allows for multi-family or townhome development Residential FAR of 1.25 – with a max usable floor area of 2,422 sq ft Current structure is 1,977 sq ft with 1,267 sq ft of residential space Detached building with 20 ft x 28 ft footprint Lot dimensions: 32.2 ft x 60.37 ft This property is perfect for a ground-up development, renovation, or long-term investment. Whether you're looking to build a boutique multi-unit or a custom two-family, the location and zoning give you flexibility to create real value.

Amenities

  • Natural Gas Available
  • Other

Located in the desirable Laconia neighborhood of the Bronx, this freestanding two story frame home sits on an R5 zoned lot with incredible development potential.


    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.