New York, NY 10462

Property

Ownership: For Sale
Type: Townhouse
Rooms: 12
Bedrooms: 6 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.17 Acres

Financials

Price:$1,150,000
Annual Taxes:$4,780
505 Park Ave, New York, NY 10022
Listing Courtesy of EXIT Realty Private Client

Description

Discover a fantastic opportunity with this legal three-family home, perfectly situated in a highly sought-after neighborhood. This property offers a versatile layout with three distinct units: a spacious **3-bedroom**, a comfortable **2-bedroom**, and a charming **studio walk-out** apartment. The location is a commuter's dream, offering incredible convenience with **easy access to all major transportation** hubs. You'll also find yourself just a stone's throw away from a variety of **shopping and dining options**, making this an ideal spot for tenants seeking a convenient and vibrant lifestyle. A key advantage of this property is that **one unit is currently vacant**, providing the new owner with the unique opportunity to capitalize on current market rents and immediately increase the property's income. This makes it a perfect scenario for an owner-occupant looking to live for free or a savvy investor aiming to maximize cash flow and help pay the mortgage from day one. This well-maintained, multi-unit home is a rare find, combining a prime location with strong income potential. Don't miss your chance to own a piece of a thriving community.

Amenities

  • Other
  • Range
  • Refrigerator

Discover a fantastic opportunity with this legal three family home, perfectly situated in a highly sought after neighborhood.


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.