Property

Ownership: For Sale
Type: Townhouse
Rooms: 10
Bedrooms: 6 BR
Bathrooms: 2.5
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$799,000
Annual Taxes:$6,272.36
505 Park Ave, New York, NY 10022
Listing Courtesy of Housebiz Realty Inc.

Description

Introducing a unique investment opportunity, this mixed use 2 family building with a commercial storefront offers incredible potential in a prime location. The first floor is currently operating as a bread baking facility and can be delivered fully equipped or completely vacant, offering flexibility for a new business owner or redevelopment. The second and third floor residential units require full gut renovations, providing a blank canvas for customization or maximizing rental income. This is an **as-is** sale and will be delivered fully vacant, making it an excellent option for a business owner looking to operate on the ground floor while generating income from the upper units or for an investor ready to unlock the property's full value. Ideally located close to shops, local businesses, and transportation with easy access to both subway and bus lines, this property offers convenience and long-term growth potential. Reach out today with any questions or to schedule a private showing.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Other
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Introducing a unique investment opportunity, this mixed use 2 family building with a commercial storefront offers incredible potential in a prime location.


    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.