New York, NY 10451

Property

Ownership: For Sale
Type: mixed-use
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$1,549,999
Annual Taxes:$2,216.20
505 Park Ave, New York, NY 10022
Listing Courtesy of Locqube New York, Inc.

Description

Welcome to Concourse Village, a prime investment opportunity featuring a fully renovated property with 7.5 bedrooms and 3.5 bathrooms, thoughtfully designed for today’s modern lifestyle. This versatile building includes three updated residential units and a modernized commercial space, offering immediate rental income and long-term growth potential. Each apartment showcases a sleek kitchen with stainless steel appliances, grey quartz countertops, and flint grey cabinetry, complemented by hardwood floors throughout, spacious open-concept living areas ideal for entertaining, and stylishly updated bathrooms. The commercial space on the ground floor has been fully upgraded. The property also offers a spacious backyard, perfect for gardening or outdoor relaxation, and sits adjacent to a picturesque community garden, providing a beautiful, landscaped backdrop. Additional amenities include onsite storage, laundry facilities, and a walkout basement. Ideally located just minutes from the Melrose Metro-North station—with a 30-minute commute to NYC—this property also offers convenient access to major highways, Starbucks, and various dining options. Tenants are responsible for their utilities, and with R7-2 zoning, this property is an excellent opportunity for developers and savvy investors.

Amenities

  • Electricity Available
  • Gas Oven
  • Gas Range
  • Microwave
  • Natural Gas Available
  • Refrigerator
  • Stainless Steel Appliance(s)

Welcome to Concourse Village, a prime investment opportunity featuring a fully renovated property with 7.

View of property featuring fence

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.