New York, NY 10456

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 9 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.05 Acres

Financials

Price:$1,220,000
Annual Taxes:$7,951
505 Park Ave, New York, NY 10022
Listing Courtesy of Charles Rutenberg Realty, Inc.

Description

Exceptional Investment Opportunity – Three-Family Brick Home in Grand Concourse Village Introducing a rare find in the heart of Grand Concourse Village: a solidly built, three-family brick residence featuring three spacious 3-bedroom, 1-bathroom apartments, one on each floor (total of 9 bedrooms, 3 bathrooms) plus a semi-finished basement with high ceilings. Constructed in 2006, this newer construction property offers modern layouts, generous living spaces, and excellent natural light throughout, fully renovated and in mint condition. Each unit boasts a full bathroom, well-proportioned bedrooms, and open-concept living and dining areas—ideal for end users or investors seeking strong rental income potential. Located in a desirable R7-1 zoning district, the property includes existing air rights, offering future development or expansion possibilities (verify with an architect or DOB). Whether you're a savvy investor or an owner-occupant looking for income-producing space, this property offers tremendous value and long-term upside in a rapidly developing neighborhood. Key Features: • Three-family brick construction (built in 2006) • In mint condition, move-in ready • 3BR/1BA units on each floor (total of 9 bedrooms, 3 bathrooms) • Semi-finished basement with high ceilings • Separate utilities • Great income potential • R7-1 zoning with available air rights • Convenient Grand Concourse Village location—close to transportation, shops, parks, and schools Don't miss this opportunity to own a high-yield asset in one of the Bronx’s most vibrant communities!

Amenities

  • Double Pane Windows
  • Electricity Available
  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Granite Counters
  • High ceiling
  • Natural Gas Available
  • Natural Gas Connected
  • Open Kitchen
  • Other
  • Snow Removal
  • Trash
  • Trash Collection Public
  • Walk-In Closet(s)
  • Water Available
  • Water Connected

Exceptional Investment Opportunity Three Family Brick Home in Grand Concourse Village Introducing a rare find in the heart of Grand Concourse Village a solidly built, three family brick residence featuring ...

View of building exterior

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.