New York, NY 10452

Property

Ownership: For Sale
Type: Unknown
Pets: Pets No
Lot Size: 0.05 Acres

Financials

Price:$499,900
Annual Taxes:$11,176
505 Park Ave, New York, NY 10022
Listing Courtesy of Liberty Chateau Realty Inc

Just blocks from Yankee Stadium, this site is at the heart of a rapidly transforming neighborhood, soon surrounded by hundreds of newly built residential apartments.

Description

Just blocks from Yankee Stadium, this site is at the heart of a rapidly transforming neighborhood, soon surrounded by hundreds of newly built residential apartments. The influx of residents creates strong demand for commercial services and amenities. Existing structure: Two-family dwelling slated for demolition Zoning: M1-2 (Light Manufacturing) with a FAR: 2.0 (Commercial) and up to 4.8 for Community Facility (with parking requirements) Development Potential: Preliminary plans underway for a 3-story commercial building with an estimated total area: ~4,385 SF Ideal for retail, medical, office, or mixed-use community facility Strong need for retail, services and community infrastructure.

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.