Property

Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 5
Pets: Pets No

Financials

Price:$1,250,000
Annual Taxes:$8,112
505 Park Ave, New York, NY 10022
Listing Courtesy of E Realty International Corp

Description

Outstanding investment opportunity in the Bronx. This move-in ready legal two-family property offers high rental income potential with no renovations needed. Spanning three above-ground floors plus a fully finished high-ceiling basement with a separate entrance and full bath, the layout includes a one-bedroom unit on the first floor and two-bedroom units on both the second and third floors. Rental income reaches approximately $10,300 per month. Property dimensions are 20 by 46 feet, on a 27.33 by 91-foot lot, with low annual taxes of $8,112. Additional features include a one-car garage, a multi-vehicle driveway, and four separate electric meters. Conveniently located near the Whitestone Bridge with easy access to highways 678 and 295, just six minutes from the Manhattan Ferry Terminal, and close to supermarkets and restaurants. Ideal for investors seeking strong cash flow in a prime Bronx location.

Amenities

  • Electricity Available
  • First Floor Bedroom
  • First Floor Full Bath
  • Park
  • Sidewalks

Outstanding investment opportunity in the Bronx.

Back of house featuring brick siding and an attached garage

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.