Property

Ownership: For Sale
Type: Duplex
Bedrooms: 4 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$700,000
Annual Taxes:$10,584.60
505 Park Ave, New York, NY 10022
Listing Courtesy of Century 21 Dawns Gold Realty

Description

Welcome to your next home or income-generating property — a beautifully updated and well-maintained 2-family residence tucked into a peaceful residential pocket of Mount Vernon. Whether you're looking for a move-in-ready owner's unit, passive rental income, or a multigenerational setup, this home delivers flexibility, comfort, and long-term value. As you enter the property, you're greeted by a large, sunlit foyer that serves as a central hub for the home. The foyer provides: • Multiple access to the first-floor unit • A beautifully maintained staircase leading to the upstairs duplex • Direct access to the spacious, unfinished basement — perfect for storage or future customization Unit 1: 1 Bed / 1 Bath – 870 Sq Ft This bright and cozy ground-floor unit features plush carpeting, a private entrance, and direct access to the backyard — perfect for relaxing or entertaining. • Newly remodeled bathroom with granite tile and modern finishes • Plenty of natural light and two forms of egress • Full access to the unfinished basement with updated LG washer/dryer included • Rental Potential: Approximately $2,100/month Unit 2: 3 Bed / 2 Full Bath Duplex – 1,288 Sq Ft Accessed through the grand foyer staircase, this spacious duplex is filled with natural light and thoughtful design. The first level offers: • A remodeled kitchen with granite countertops, white appliances, decorative backsplash, and ample cabinetry • Dark well maintained plywood flooring • A generous living room and formal dining area • A spacious bedroom with a massive walk-in closet • A newly renovated, spa-like full bathroom Upstairs, you'll find: • Two large bedrooms, each with walk-in closets • An additional full bathroom with modern finishes • One of the bedrooms is currently being used as a walk-in closet and includes its own closet (California Closet system to be removed before closing) Rental Potential: Approximately $3,800/month Additional Features: • Private Driveway – Fits 2 vehicles • Inviting Front Porch – Ideal for quiet mornings or relaxing evenings • Ample Storage – Multiple walk-in and hallway closets throughout • Well-Maintained Systems – Serviced boiler, hot water heater & roof • Unfinished Basement – spacious, ready for your vision an additional 858 sqft • Prime Location – Close to schools, shopping, public transit & major highways. • Recent Tax Reassessment – Enjoy significantly reduced property taxes compared to similar homes in the neighborhood, adding long-term value and savings With zoning for 3-family use, this property offers immediate income potential and room for expansion. Whether you're an investor looking for high returns or a homeowner seeking space, comfort, and opportunity, 227 1st Avenue is a must-see in the heart of Mount Vernon. Schedule your private tour today!

Amenities

  • Ceiling Fan(s)
  • Electricity Connected
  • Entrance Foyer
  • First Floor Bedroom
  • First Floor Full Bath
  • Formal Dining
  • Natural Gas Connected
  • Security System
  • Sewer Connected
  • Trash Collection Public
  • Walk-In Closet(s)
  • Washer/Dryer Hookup
  • Water Connected

Welcome to your next home or income generating property a beautifully updated and well maintained 2 family residence tucked into a peaceful residential pocket of Mount Vernon.

View of front of home with a porch, roof with shingles, and a garden style front yard

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.