New York, NY 10464

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 8 BR
Bathrooms: 4
Pets: No Pets Allowed
Lot Size: 0.37 Acres

Financials

Price:$1,100,000
Annual Taxes:$30,149.76
505 Park Ave, New York, NY 10022
Listing Courtesy of Compass Greater NY, LLC

RARE INVESTMENT OPPORTUNITY 4 FAMILY HOME WITH SPECTACULAR WATER VIEWS on the Long Island Sound.

Drone shot of entire property lined in red.

Description

RARE INVESTMENT OPPORTUNITY- 4-FAMILY HOME WITH SPECTACULAR WATER VIEWS on the Long Island Sound. PRIME opportunity on City Island with this unique property, featuring a main house and three bungalows situated directly on the picturesque Long Island Sound. Perfect for a primary residence or a weekend getaway, this property also offers significant rental income potential. Rent out the additional units to help offset your mortgage, or lease all four for a steady cash flow. City Island is a one-of-a-kind community with close proximity to Manhattan, and this property is unique. While the bungalows are in need of renovation, this presents a real opportunity for investors. Whether you're considering it as a personal retreat or a lucrative investment, seize the possibility to reimagine this unique property and unlock its full potential!

Amenities

  • Beach Access
  • Beach Front
  • Cable - Available
  • Cathedral Ceiling(s)
  • Ceiling Fan(s)
  • Electricity Available
  • First Floor Bedroom
  • First Floor Full Bath
  • Formal Dining
  • Natural Gas Available
  • Water

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.