Property

Ownership: For Sale
Type: Multi-Family
Pets: Pets No
Lot Size: 0.11 Acres

Financials

Price:$7,500,000
Annual Taxes:$7,822
505 Park Ave, New York, NY 10022
Listing Courtesy of Apex Realty

Description

Welcome to this beautiful new 7-story luxury elevator building located in the highly desirable Middletown–Pelham Bay neighborhood. Offering a mix of 1, 2, and 3-bedroom residences, each unit is thoughtfully designed with state-of-the-art appliances, modern finishes, and energy-efficient systems throughout. The building offers 28 years of tax abatement remaining, with each unit equipped with a dedicated boiler—tenants control and pay their own utilities. A laundry room is available on the premises for added convenience, and interiors are designed for both style and efficiency. Out of the total units, 8 are designated as affordable housing, providing excellent opportunities for income-qualified applicants. Located just 0.3 miles from the Buhre Avenue Station and 0.5 miles from Pelham Bay Park Station, residents enjoy easy access to the 6 train and multiple bus routes, including the Bx5 and Bx24 just 450 feet away, and the Q50 one block away. The building is also close to major highways, top-rated schools, neighborhood shopping, a variety of restaurants, and Pelham Bay Park—the largest public park in New York City. This is a rare opportunity to lease or invest in a top-tier Bronx property with outstanding transportation access and long-term tax benefits.

Amenities

  • Gas Water Heater
  • Trash Collection Public

Welcome to this beautiful new 7 story luxury elevator building located in the highly desirable Middletown Pelham Bay neighborhood.


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.