New York, NY 10032

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Pets: No Pets Allowed
Lot Size: 0.05 Acres

Financials

Price:$1,986,000
Annual Taxes:$6,447.52
505 Park Ave, New York, NY 10022
Listing Courtesy of Find Real Estate LLC

A rare investment opportunity in the heart of Upper Manhattan, this fully detached four family home sits on a wide, tree lined street and offers 4, 370 sq ft of ...

Description

A rare investment opportunity in the heart of Upper Manhattan , this fully detached four-family home sits on a wide, tree-lined street and offers 4,370 sq ft of unused FAR, making it ideal for condominium development under R7-2 zoning. Located near a prestigious Columbia-affiliated university and a renowned hospital, the property is perfectly positioned to attract steady rental income from students and professionals alike. With the A, C, and 1 subway lines just steps away, Midtown Manhattan is only 25 minutes away. The neighboring property recently added two floors, maximizing its development potential , now it's your turn to unlock the value of this underutilized gem. Selling it in its current condition.

Amenities

  • Cable Connected
  • Eat-in Kitchen
  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

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.