New York, NY 10467

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 5
Pets: No Pets Allowed
Lot Size: 0.07 Acres

Financials

Price:$1,100,000
Annual Taxes:$9,326.08
505 Park Ave, New York, NY 10022
Listing Courtesy of EXIT Realty Private Client

Prime Income Producing 3 Family Investment Opportunity in a desirable residential section of the Northeast Bronx.

Description

Prime Income-Producing 3-Family Investment Opportunity in a desirable residential section of the Northeast Bronx. This well-maintained asset features two oversized 3-bedroom, 2-bath apartments, each offering approximately 1,300 square feet of living space, plus a 1-bedroom, 1-bath unit, creating an attractive and diversified rental mix. The property is fully tenant-controlled with separate utilities, including three boilers and three hot water tanks, significantly reducing owner expenses and maximizing net operating income. Two units are occupied by long-term, stable tenants who wish to remain, while the third unit is lease-protected, providing immediate and predictable cash flow. Additional value is enhanced by a 1-car garage and rear yard access through the garage, offering functional amenities and access to the backyard. Located in a strong residential neighborhood with convenient access to public transportation, major highways, shopping, and entertainment, this property benefits from consistent rental demand and long-term appreciation potential. Ideal for investors seeking strong in-place income with upside potential and owner occupants for steady cash flow, in one of the Bronx’s established multifamily markets. PHOTOS COMING SOON!!

Amenities

  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Open Floorplan
  • Primary Bathroom

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.