New York, NY 10460

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 6 BR
Bathrooms: 3
Lot Size: 0.0 Acres

Financials

Price:$1,099,999
Annual Taxes:$7,182
505 Park Ave, New York, NY 10022
Listing Courtesy of De Luca Realty Group INC

LEGAL THREE FAMILY WITH VACANT UNIT Excellent opportunity to own a legal three family property in the Bronx with strong income The property consists of three spacious 2 bedroom 1 ...

View of building exterior

Description

LEGAL THREE-FAMILY WITH VACANT UNIT Excellent opportunity to own a legal three-family property in the Bronx with strong income The property consists of three spacious 2-bedroom / 1-bath apartments, each separately metered, with the owner responsible for only water and common-area electric. One apartment will be delivered vacant, creating immediate flexibility for an owner-occupant or investor. Current rents are $2,800 and $2,400 for the occupied units. The vacant 2-bedroom apartment is projected to rent for approximately $3,000 per month, bringing current achievable gross income to approximately $8,200 per month ($98,400 annually). At market rents, gross income potential is estimated at approximately $11,000 per month ($132,000 annually). Additional features include a finished basement. Conveniently located near Noble Playground and the 2, 5, and 6 subway lines, providing easy access throughout the Bronx and Manhattan. Ideal for investors or owner-occupants looking to offset their mortgage with rental income.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Other

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.