New York, NY 10461

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 4 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$1,099,000
Annual Taxes:$5,691.68
505 Park Ave, New York, NY 10022
Listing Courtesy of Coldwell Banker Realty

Description

Welcome to an exceptional opportunity in the highly desirable Pelham Bay neighborhood! This stunning, fully renovated legal two-family home seamlessly blends modern elegance with practical design, offering spacious living, high-end finishes, and excellent income potential. Main Duplex Unit: *9ft ceilings on the main floor, creating an airy and inviting space *Three generously sized bedrooms, including a primary suite with soaring 14ft ceilings, skylights, and a dedicated dressing room *Two full bathrooms with contemporary upgrades *Sleek, modern kitchen with direct access to a new back deck, *Newly added spiral staircase leading to a beautifully designed backyard oasis Second Unit - Walkout Studio: *Expansive open layout with full wet bar and keg tap *Stainless steel kitchen and dedicated laundry room *Direct access to backyard, parking, and private entry *Ideal for rental income or extended family living (Currently used as a single-family home) Luxury Upgrades & High-End Features: Step inside and enjoy top-tier enhancements, including: *Custom double-stacked hardwood floors *Premium MARVIN ($1600 each window x 25) windows flooding rooms with natural light *Three brand-new designer bathrooms *New roof, water heater, and central AC split system *Brand-new storm doors and energy-efficient features Income Potential & Convenience: *Estimated rental income up to $6,100/month ($4,000 for the duplex unit, $2,100 for the studio unit) *Private 3-car driveway (additional income opportunity) *Tranquil NEW backyard retreat featuring a new gazebo, and 6-ft privacy fence (furniture is available for sale too) *Super Low taxes for added financial advantage Centrally located within walking distance to public transportation, major highways, shopping, and the train, Pelham Bay Park, City Island, Orchard Beach, this home offers the perfect balance of urban convenience and suburban serenity. A Rare Find—Don’t Miss Out! Schedule your showing Today!

Amenities

  • Cable Connected
  • Ceiling Fan(s)
  • Electricity Connected
  • First Floor Full Bath
  • Formal Dining
  • Granite Counters
  • High ceiling
  • High Speed Internet
  • In-Law Floorplan
  • New Windows
  • Open Floorplan
  • Recessed Lighting
  • Smart Thermostat
  • Storage
  • Walk-In Closet(s)
  • Wet Bar

Welcome to an exceptional opportunity in the highly desirable Pelham Bay neighborhood !

View of front of property

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.