Property

Ownership: For Sale
Type: Multi-Family
Pets: Pets No
Lot Size: 0.18 Acres

Financials

Price:$1,600,000
Annual Taxes:$21,260
505 Park Ave, New York, NY 10022
Listing Courtesy of Berkshire Hathaway HS NY Prop

Description

Calling all investors...rare opportunity to own a solid brick 9 family-income producing building in the heart of Yonkers' - Hollywood on the Hudson and Downtown Revitalization Initiative. Located just .5 miles from Metro North, the new waterfront renaissance area and Lion's Gate Hollywood Studios, this property presents a potential profitable investment to park your money in. Nine spacious 3 bedroom ,1 bath units with a large walkout basement and ample rear yard. Each unit has an eat-in kitchen, living room, dining space, 3 bedrooms, den (4th bedroom), bathroom and ample closets. The building is currently rent stabilized with a yearly income of $151,000 (increases - not reflected here - will take effect June 2025) and is fully occupied by long term tenants. Walk out lower level consists of the 9th unit, utility room, work room and storage. Gas heat. Tenants pay for cooking gas and electricity. Building is being sold "AS-IS". Walk to Getty Square and centrally located to bus, train, shopping centers, major parkways and 28 minutes to Manhattan. Get in before the Revitalization Initiative is complete and these great investment opportunities are no longer available. Won't last.

Amenities

  • Natural Gas Connected
  • Walk Up

Calling all investors... rare opportunity to own a solid brick 9 family income producing building in the heart of Yonkers' Hollywood on the Hudson and Downtown Revitalization Initiative.


    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.