New York, NY 10469

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 7 BR
Bathrooms: 5
Pets: No Pets Allowed
Lot Size: 0.11 Acres

Financials

Price:$1,300,000
Annual Taxes:$9,835.24
505 Park Ave, New York, NY 10022
Listing Courtesy of Howard Hanna Rand Realty

We have a rare find on the market, a beautiful detached multi family property that was built in the 1970s, this legal two family home lives like a three family ...

Traditional home featuring brick siding, a garage, and driveway

Description

We have a rare find on the market, a beautiful detached multi-family property that was built in the 1970s, this legal two-family home lives like a three-family residence, offering excellent investment potential in the Baychester area of the Bronx. This area is known for its blend of single-family homes and apartments, which gives it a suburban feel within the city. The neighborhood offers a variety of amenities, including local restaurants, parks, and the Bay Plaza Shopping Center. It also benefits from convenient public transportation access via the 5 train. The public schools in this area are generally considered above average, and it is a diverse community. The property features original wood floors throughout the top two floors and receives abundant natural light. It is in original, well-maintained condition with solid construction. The upper two units each offer living room, dining room (which can be converted into an extra bedroom or create an open concept with kitchen) and three bedrooms, one full bathroom, and a half bathroom in the main bedrooms. The ground-floor unit has a separate entrance and includes one bedroom, one full bathroom, and direct access to the backyard from the kitchen. The property also offers an indoor garage for one vehicle with additional storage and it has a driveway for an additional parking for a second vehicle. Situated on a spacious double lot, the property provides ample outdoor space, perfect for creating a private oasis with a play yard, gazebo, and plenty of seating for a nice family BBQ. This property has great income potential from each unit and can be cosmetically updated to your liking and so lets's make it your next investment or your forever home!

Amenities

  • Accessible Entrance
  • Accessible Stairway
  • Eat-in Kitchen
  • Electricity Available
  • First Floor Bedroom
  • First Floor Full Bath
  • Formal Dining
  • Natural Woodwork
  • Original Details
  • Primary Bathroom
  • Trash Collection Private
  • Washer/Dryer Hookup
  • Water Available

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.