New York, NY 10452

Property

Ownership: For Sale
Type: Unknown
Rooms: 28
Bedrooms: 13 BR
Bathrooms: 13
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$4,680,000
505 Park Ave, New York, NY 10022
Listing Courtesy of Exit Realty DKC

Description

Welcome to your next great investment — a newly built, four-story multifamily property at 1256 Shakespeare Avenue, just finished in 2025 and delivered 100% vacant. This sleek, turnkey building features 13 modern units (11 studios - 450 Sqft/ea + 2 one-bedrooms- 675 sqft/ea) and comes with an incredible 30-year tax abatement, giving investors serious long-term upside. With contracts signed at Certificate of Occupancy, you can close fast and start collecting rents immediately — no rent-stabilized units, no tenant issues, no delays. Located in a high-demand Bronx corridor, this asset is ideal for investors, developers, and 1031 buyers looking for a clean, cash-flow-ready building in one of NYC’s fastest-rising markets.

Amenities

  • Eat-in Kitchen
  • Electricity Available
  • Recessed Lighting
  • Stainless Steel Appliance(s)

Welcome to your next great investment a newly built, four story multifamily property at 1256 Shakespeare Avenue, just finished in 2025 and delivered 100 vacant.

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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.