New York, NY 10457

Property

Ownership: For Sale
Type: mixed-use

Financials

Price:$1,300,000
Annual Taxes:$4,270
505 Park Ave, New York, NY 10022
Listing Courtesy of Bairo Real Estate

Introducing a rare opportunity for investors, entrepreneurs, and growing businesses to secure a versatile mixed use property in a thriving, high demand location.

Description

Introducing a rare opportunity for investors, entrepreneurs, and growing businesses to secure a versatile mixed-use property in a thriving, high-demand location. This building features three residential apartments, two of which are currently rented with vouchers, providing immediate, stable income. The commercial space is vacant and ready for occupancy, offering excellent visibility and convenient access to major highways and transportation routes. The flexible layout allows for a wide range of uses and can be customized to suit your vision. Formerly used as a church, the property lends itself beautifully to many potential concepts, including an auto retail establishment, restaurant, CBD or smoke shop, medical practice, real estate or insurance office, community facility, and more. The possibilities are truly endless. An additional highlight is the full lower-level storage area spanning the length of the unit, with terms that are negotiable. Opportunities at this price point in such a strong location are hard to find.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Sewer 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.