Property

Ownership: For Sale
Type: Duplex
Bedrooms: 4 BR
Bathrooms: 2
Pets: Pets No

Financials

Price:C489,000
($355,586)
(€305,329)
Annual Taxes:C4,460
505 Park Ave, New York, NY 10022

Description

Centrally located duplex in Old East Village. Building is very well maintained with many recent improvements-2 furnaces, 2AC units, separate electrical services, replacement windows. Two 2 bedroom units with oversized rooms and updated kitchen and baths and laminate flooring throughout. Main level is on a lease at a monthly rent of $1,588.75 plus hydro and water with lease expiring on April 30, 2026. Upper unit was rented at $1,588.75 and became vacant on July 31, 2025. Net annual income of$27,352.00. Excellent investment opportunity for a first time buyer. The following documents are available upon request-rental license, summary of income and expenses, fire inspection letter, lease agreement.

Amenities

  • Separate Hydro Meter

Centrally located duplex in Old East Village.


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.