New York, NY 10464

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 6 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$1,100,000
Annual Taxes:$6,564
505 Park Ave, New York, NY 10022
Listing Courtesy of Howard Hanna Rand Realty

Description

Step into turn-key luxury with this fully renovated, detached multi-family brick home nestled in the charming City Island neighborhood of the Bronx. Originally built in 1930, this stately 3,000 sq ft property blends historical charm with contemporary finishes. Boasting 6 spacious bedrooms, 3 bathrooms, and a finished basement with its own separate entrance, this home offers flexible living arrangements—ideal for families, investors, or multi-generational households. The current layout encompasses two units, with the potential to convert into three for increased rental yield. Built on a generous 2,500 sq ft lot, the property includes one private parking space in the rear and is outfitted with 3 gas meters and 3 electric meters to simplify billing and ensure autonomy for each unit. Moments from BXM8 and BX29 bus lines with easy access to the subway system, this home delivers both peace and connectivity. Community amenities, local dining, and waterfront recreation are all within reach. Whether you're seeking prime rental income (current cap rate of nearly 8%) or a comfortable, turn-key home, this gem offers the perfect combination of elegance, versatility, and location. Note: Some pictures are taken before the apartment was rented.

Amenities

  • Eat-in Kitchen
  • Granite Counters
  • Kitchen Island
  • Natural Gas Available
  • Open Kitchen
  • Recessed Lighting
  • Washer/Dryer Hookup

Step into turn key luxury with this fully renovated, detached multi family brick home nestled in the charming City Island neighborhood of the Bronx.


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.