Property

Ownership: For Sale
Type: Unknown
Bedrooms: 8 BR
Bathrooms: 5
Pets: Pets No

Financials

Price:C1,375,000
($1,006,087.50)
(€857,960.60)
Annual Taxes:C13,473.76
505 Park Ave, New York, NY 10022

Description

5 unit building in the heart of Centertown. Discover a rare investment opportunity with a solid brick building, perfectly situated in the vibrant heart of Centertown. Offering timeless character and strong income potential, this gem features five apartments, each with unique charm and architectural details that echo the building's heritage. From the original brick façade and large sash windows to the high ceilings and hardwood floors, the property exudes classic appeal while offering modern comfort. The spacious units ranging from one to two bedrooms are thoughtfully laid out and filled with natural light, making them highly desirable for long-term tenants and professionals seeking downtown living. Conveniently located steps from shops, restaurants, public transit, and cultural attractions, this building offers both lifestyle and location. Whether you're an investor looking to expand your portfolio or a visionary seeking a boutique residential project, this property delivers on every front. Key Features: 5 self-contained apartments, Prime Centertown location, Historic brick architecture, High tenant demand area, Excellent walkability and transit access, Potential for increased rental income. Don't miss this opportunity to own a piece of Centertown's history with solid returns and endless potential. Unit mix consists of 3-3 bedrooms, 2-1 bedroom units.

5 unit building in the heart of Centertown.


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.