Property

Ownership: For Sale
Type: Unknown
Bedrooms: 5 BR
Bathrooms: 4
Pets: Pets No

Financials

Price:C949,000
($693,226)
(€593,597)
Annual Taxes:C4,500
505 Park Ave, New York, NY 10022

Description

Turn-Key 4-Plex Investment Opportunity in Prime Downtown Location. Rare opportunity to own a fully tenanted and updated 4-unit multiplex in the heart of downtown, just steps from Jackson Square and within walking distance to all major amenities.This well-maintained building features three 1-bedroom units and one 2-bedroom unit, each separately metered for hydro, offering strong income and minimal overhead. With a gross annual income of $84,000, this is the perfect property for first-time or seasoned investors looking for reliable cash flow. Property Highlights:Unit Mix: 3 x 1-Bedroom, 1 x 2-BedroomGross Income: $84,000 per year Condition: All units updated and furnished to standard. Features: Terrazzo floors in hallways, carpeted stairsFire Safety: Fire alarms and extinguishers on each hallway levelExtras: Locker room, on-site parkingSecurity: Very secure buildingThis is a hands-off, income-generating property in a high-demand area nothing to do but collect rent. Ideal for investors seeking stability and strong rental demand in a growing urban market.

Amenities

  • Other

Turn Key 4 Plex Investment Opportunity in Prime Downtown Location.


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.