Property

Ownership: For Sale
Type: Multi-Family
Pets: Pets No
Lot Size: 0.08 Acres

Financials

Price:$1,650,000
Annual Taxes:$16,914.72
505 Park Ave, New York, NY 10022
Listing Courtesy of Soler Realty

Description

PLEASE EMAIL OFFERS TO MSOLER@SOLERREALTYNYC.COM This expansive 5-family building, located in the Bronx, boasts over 6,000 square feet of living space, featuring three 3-bedroom units and two 2-bedroom units. With a projected Cap Rate of 10%, this property is an ideal investment opportunity, especially once fully renovated. Plus, it will be delivered vacant, giving you full control over upgrades and tenant selection. There’s additional potential to convert the units into more bedrooms, maximizing rental income given the property’s large size. Conveniently located just a short walk from the B & D trains, this building is perfect for commuters and presents significant upside for investors. Don’t miss this chance to make a great return!

Amenities

  • Gas Water Heater
  • Trash Collection Public

PLEASE EMAIL OFFERS TO MSOLER SOLERREALTYNYC.


    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.