New York, NY 10463

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 3 BR
Bathrooms: 2
Pets: Pets No
Lot Size: 0.25 Acres

Financials

Price:$989,000
Annual Taxes:$5,132
505 Park Ave, New York, NY 10022
Listing Courtesy of Douglas Elliman Real Estate

Description

Excellent Investment & Development Opportunity. This property presents a prime opportunity for investors and developers to capitalize on the area’s growing residential market. Zoned R4A, the site offers a lot frontage of 105 sq. ft. and a lot depth of 104 sq. ft., with a residential FAR of 1 and a facility FAR of 2, providing strong redevelopment potential. Currently on-site is a 2,128 sq. ft, legal two-family dwelling with a two-car garage, featuring 3 bedrooms and 2 bathrooms. The property will be delivered vacant, offering maximum flexibility for either renovation or new development.

Amenities

  • Back Yard
  • Balcony
  • Chandelier
  • City
  • Double Pane Windows
  • Eat-in Kitchen
  • Electricity Available
  • Electricity Connected
  • Entrance Foyer
  • Formal Dining
  • Garden
  • High ceiling
  • Mailbox
  • Natural Gas Available
  • Natural Gas Connected
  • Natural Woodwork
  • Pantry
  • Primary Bathroom
  • Sewer Available
  • Storage
  • Trash Collection Public
  • Washer/Dryer Hookup
  • Water Available
  • Water Connected
  • Wood Burning

Excellent Investment amp ; Development Opportunity.


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.