New York, NY 10470

Property

Ownership: For Sale
Type: mixed-use
Lot Size: 0.1 Acres

Financials

Price:$975,000
Annual Taxes:$30,850
505 Park Ave, New York, NY 10022
Listing Courtesy of Double C Realty

Location, Location, Location !

Description

Location, Location, Location!!! Terrific opportunity to own a great Commercial property in the heart of Woodlawn Heights section of the Bronx This Detached Brick Mixed-use building consists of over 4000 square feet of Mixed-use space. The main Floor is a Commercial tenant- (Bar owner- which is NOT included in the Sale. Current Bar lease expires in 7 years). The 2nd and 3rd floor consists of (3) 1 Bedroom apartments and (1) 2-bedroom unit. -($1100, $1000 and $700 and $1000). Each apartment pays its own Electric and Gas. (No Leases). The building has great potential and even better upside to maximize rents. Some upgrades over the years include Ductless Split unit system along with a New Gas Boiler and all New electric service into the building. This building is centrally located to Metro North Train, Buses, Shopping centers, parks and 25 min to NYC. Property Taxes of $30k can be grieved as well. ***(THIS PROPERTY MUST NE SOLD WITH ALL TENANTS IN PLACE, NO EXCEPTIONS)***

Amenities

  • Bathrooms
  • Electricity Connected
  • Fire Escape
  • Gas Water Heater
  • 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.