Property

Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.04 Acres

Financials

Price:$575,000
Annual Taxes:$7,525.56
505 Park Ave, New York, NY 10022
Listing Courtesy of Julia B Fee Sothebys Int. Rlty

Description

First time on the market. PRIME INVESTMENT OPPORTUNITY in a highly desirable area. This solid, well-maintained two-family home sits on a corner lot with an inviting patio as well as an outdoor terrace. A front porch adds charm. This property offers outstanding upside for both seasoned and first-time investors. Located equidistant between the Fleetwood and Mount Vernon West Metro-North stations, tenants enjoy a quick, direct commute to NYC—making this a highly desirable rental location. The first unit features 2 bedrooms and 1 bath. The second unit spans two levels with 3 generous bedrooms, 2 full baths, and a fireplace. Ideal for strong dual-income potential or multigenerational use. Live in one unit and rent the other, or lease both for maximum return. 1031 buyers, add value with cosmetic updates and capitalize on strong rental demand in this transit-oriented neighborhood. Close to shopping, dining, parks, and major highways. This is your chance to own a stable, income-generating asset in a commuter-friendly market with long-term upside. Close to shopping, parks schools and more.

Amenities

  • beamed ceilings
  • Ceiling Fan(s)
  • Corner Lot
  • First Floor Bedroom
  • First Floor Full Bath
  • Mailbox
  • Sewer Connected
  • Storm Doors
  • Trash Collection Public
  • Water Connected
  • Wood Burning

First time on the market.


    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.