Property

Ownership: For Sale
Type: Duplex
Bedrooms: 4 BR
Bathrooms: 2
Pets: Pets No

Financials

Price:C810,000
($591,016.50)
(€516,948.17)
Annual Taxes:C4,500
505 Park Ave, New York, NY 10022

Description

TURN-KEY LEGAL DUPLEX | 6 % CAP POTENTIALLive in style upstairs and let the brand-new 1-bed suite pay your mortgage! Over $290k spent in 2024-25: sitting on an expansive 53x143 ft lot. Full re-wire & 2 100 A panels, new plumbing & 1-inch water line, R-22 insulation + drywall, luxury bamboo kitchen, high-end appliances, quartz tops, pot lights, premium laundry in each unit. Structure & site: professional waterproofing + sump, new windows (2nd flr), fresh asphalt drive, concrete pad ready for garage, fenced yard, gazebo, 2 private decks.Fully separate utilities & entrances. Market rents: main $2,650, lower $1,900 (all-inclusive) projected 6.1 % cap. Walk to grocery, banks, transit, restaurants.

Amenities

  • Accessory Apartment
  • Carpet Free
  • In-Law Suite
  • Separate Hydro Meter
  • Smoke Detector
  • Water Heater Owned

TURN KEY LEGAL DUPLEX 6 CAP POTENTIALLive in style upstairs and let the brand new 1 bed suite pay your mortgage !


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.