New York, NY 10470

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.11 Acres

Financials

Price:$899,999
Annual Taxes:$5,997.40
505 Park Ave, New York, NY 10022
Listing Courtesy of eXp Realty

Amazing development opportunity for this detached two family home on a rare 50X100 double lot in Wakefield.

Description

Amazing development opportunity for this detached two-family home on a rare 50X100 double lot in Wakefield. The home features a finished walkout basement with a bonus room and full bathroom, along with recent updates including a new oil boiler. Additional highlights include a rear balcony, two-car garage, and a private driveway providing ample parking. Zoned R5A, the property offers up to 7,500 buildable square feet (1.5 FAR), giving buyers multiple options — you can extend the existing home, add an ADU (Accessory Dwelling Unit) of up to 700 sq ft in the rear, or even subdivide the lot and build another two-family home. The zoning also allows for a community facility up to 10,000 sq ft, making it suitable for uses like a daycare, medical office, or institutional project (zoning analysis shown on the last listing picture. Tons of options here to make this a lucrative investment.

Amenities

  • Balcony
  • Double Pane Windows
  • Eat-in Kitchen
  • Electricity Available
  • Formal Dining
  • Neighborhood
  • Other
  • Security System
  • Storage

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.