New York, NY 10460

Property

Ownership: For Sale
Type: Multi-Family
Pets: No Pets Allowed

Financials

Price:$4,200,000
Annual Taxes:$81,000
505 Park Ave, New York, NY 10022
Listing Courtesy of ERA Insite Realty Services

Prime mixed use investment property located in a high demand area of the Bronx, NY.

Description

Prime mixed-use investment property located in a high-demand area of the Bronx, NY. This substantial asset features 20+ residential apartment units above ground-floor retail, offering investors a rare opportunity to acquire a scale multifamily property with diversified income streams. The residential units benefit from consistent tenant demand driven by the Bronx’s strong rental market and proximity to public transportation, major roadways, and neighborhood amenities. The retail component provides additional income potential and is well-suited for neighborhood-serving businesses, professional services, or food and retail operators, enhancing the overall stability of the asset. This property presents significant upside through rent growth, operational efficiencies, and potential repositioning. Ideal for investors seeking long-term cash flow, portfolio-scale multifamily exposure, and value appreciation in one of New York City’s most resilient rental markets. A compelling opportunity for both institutional and private investors looking to capitalize on the continued growth and demand in the Bronx.

Amenities

  • Cable Connected
  • Electricity Connected
  • Phone 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.