Property

Ownership: For Sale
Type: Unknown
Bedrooms: 9 BR
Bathrooms: 6
Pets: Pets No
Lot Size: 0.04 Acres

Financials

Price:$1,195,000
Annual Taxes:$3,482.36
505 Park Ave, New York, NY 10022
Listing Courtesy of Andrew J. Freerks

Description

Historic 3-Family Brick Building plus high ceiling basement in Concourse Village, Bronx. Discover this well-maintained legal 3-family brick home, ideally situated in the heart of the vibrant and rapidly growing Concourse Village neighborhood. Each of the three spacious floors features a modern 3-bedroom, 2-bath layout, thoughtfully designed with open-concept living, dining, and kitchen areas—perfect for today’s lifestyle. Each unit is equipped with its own split heating and cooling system, offering comfort and independence for tenants. Utilities are separately metered, ensuring ease of management for both tenants and owners. Tasteful renovations have been completed inside and out, featuring gleaming hardwood floors, stylish lighting fixtures, ample natural light, and sleek stainless steel appliances. Located just minutes from shops, parks, public transportation, and major highways, this property offers unmatched convenience. Whether you're an investor seeking steady rental income or an owner-occupant looking to live in one unit while renting out the others, this is an outstanding opportunity. Yearly income: $75,600 and expense: $8,971. Concourse Village is known for its accessibility, strong sense of community, and ongoing development—making it a prime location for future appreciation. Recent updates minimize immediate maintenance needs, adding to this property's appeal. Selling with friendly and excellent paying tenants but 1 unit can be delivered vacant for owner occupiers for the right price. Bonus Opportunity: 32 North Street is also AVAILABLE FOR PURCHASE—great for buyers seeking portfolio expansion or multi-property ownership.

Amenities

  • Cable - Available
  • Electricity Available
  • First Floor Bedroom
  • First Floor Full Bath

Historic 3 Family Brick Building plus high ceiling basement in Concourse Village, Bronx.

View of front of house featuring entry steps and brick siding

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.