New York, NY 10466

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 4
Pets: No Pets Allowed
Lot Size: 0.06 Acres

Financials

Price:$1,200,000
Annual Taxes:$19,169.52
505 Park Ave, New York, NY 10022
Listing Courtesy of AmeriHome Realty Corp.

Unrivaled Development Potential meets Solid Rental Income !

Description

Unrivaled Development Potential meets Solid Rental Income! This massive, fully detached brick legal 4-family home is situated in a rapidly evolving pocket of the Bronx. While currently operating as a high-income generating 4-unit property, recent zoning changes in the area provide a rare "value-add" opportunity for savvy investors to potentially convert this structure into a 6-9 unit residential building. The building is thoughtfully configured to maximize space: First Floor: Features two units—a spacious 1-bedroom apartment and a comfortable 2-bedroom apartment. Second Floor: Features two units—a 1-bedroom apartment and a large 3-bedroom apartment perfect for a primary resident or premium rental. Bonus Space: A full, finished basement offers incredible versatility for storage, utilities, or recreation. Key Features: Legal 4-Family with 6-9 unit conversion potential (verify with architect/Zoning). All-brick construction for durability and low maintenance. Detached layout providing excellent natural light on all sides. Private backyard and finished basement.

Amenities

  • Cable Connected
  • Electricity Connected
  • First Floor Bedroom
  • Natural Gas Connected
  • Water Connected

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.