New York, NY 10470

Property

Ownership: For Sale
Type: Single Family
Rooms: 8
Bedrooms: 5 BR
Bathrooms: 3
Lot Size: 0.1 Acres

Financials

Price:$850,000
Annual Taxes:$5,997.40
505 Park Ave, New York, NY 10022
Listing Courtesy of eXp Realty

Rare opportunity to own a detached home in Wakefield sitting on a 50 x 100 double lot that offers multiple development options.

Description

Rare opportunity to own a detached home in Wakefield sitting on a 50 x 100 double lot that offers multiple development options. The main level features a living room, dining room, kitchen, and full bathroom. The second level offers three bedrooms and a full bathroom, while the third level includes two additional bedrooms. The finished walkout basement provides two bonus rooms and a full bathroom, offering flexible space for recreation or extended living. Additional highlights include a rear balcony, private driveway, and a two-car garage providing ample parking. Zoned R5A with up to 7,500 buildable square feet (1.5 FAR); you can extend the existing home, add an Accessory Dwelling Unit of up to 700 square feet in the rear, or potentially subdivide the lot to build another two-family home. The zoning also permits a community facility up to 10,000 square feet, making it suitable for uses such as a daycare, medical office, or institutional project. Zoning analysis is shown in the last listing photo. Tons of options here to make this a lucrative investment.

Amenities

  • Balcony
  • Dishwasher
  • Double Pane Windows
  • Eat-in Kitchen
  • Electricity Available
  • Formal Dining
  • Neighborhood
  • Range
  • Refrigerator
  • Storage

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.