New York, NY 10463

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 4 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.05 Acres

Financials

Price:$920,000
Annual Taxes:$6,176
505 Park Ave, New York, NY 10022
Listing Courtesy of Han Tang Realty Inc.

This legal two family home with four designated parking spaces total capacity for 6 vehicles is located in desirable R6A zoning.

View of front of home featuring a fenced front yard, a chimney, and a gate

Description

This legal two-family home with four designated parking spaces (total capacity for 6 vehicles) is located in desirable R6A zoning. First Floor: 2 bedrooms and 1 full bath Second & Third Floors: 2 bedrooms, 1 full bath, and 1 half bath Basement: Walkout access; ideal for rental, personal storage, or potential conversion into a third unit Each unit includes a washer and dryer, an open-concept kitchen with stone countertops, hardwood floors, and updated interiors. The roof was upgraded from plywood to shingles, and major updates—including drywall and utility lines—were completed 7 years ago. This is a rare opportunity for both homeowners and investors. Live in one unit and rent out the other, along with the parking spaces. In this high-demand area, parking consistently generates long waiting lists of eager tenants—let your tenants pay your mortgage. The strength of R6A zoning endures, with development pressure in this neighborhood set to intensify. This property offers lasting value and exceptional potential.

Amenities

  • Natural Gas Available
  • Open Kitchen
  • Stone Counters
  • Washer/Dryer Hookup

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.