New York, NY 10457

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 11 BR
Bathrooms: 7
Lot Size: 0.1 Acres

Financials

Price:$1,390,000
Annual Taxes:$2,100
505 Park Ave, New York, NY 10022
Listing Courtesy of R New York

Potential Development Site For Sale R8, Multi family home with steady income.

Description

Potential Development Site For Sale (R8), Multi family home with steady income. Viewing by appointment only, email 48 hours in advance to confirm. Lot Size: 25 ft x 95 ft Year Built: 2007 Bedrooms: 11 total • Main House: 9 bedrooms, 6 full baths (occupied by 3 families, spanning from 1st to 3rd floor) • Basement: 2 bedrooms, 1 bath (currently not occupied) • Livable area: 4,400 sq. ft. Features: • Backyard: Yes • Parking: 2 spots in the front yard • Expansion Potential: House can be expanded utilizing the front yard and backyard space • Zoning: R8 (High potential for build up) Financials: • 421a Tax Abatement: 25 years starting from the 2nd half of 2021 • Separate Gas and Electric Meters Recent Upgrades: • Gas valves and thermocouples were newly replaced • No major repairs needed Additional Information: • Attendee panel closed • Basement has a separate entrance and it is connected to the backyard • The area is proximate to employment centers, houses of worship, schools, local shopping, and amenities • Each units are well maintained • Neighborhood trends are well established with good development potential Additional Information: ParkingFeatures:2 Car Attached,

Amenities

  • Near Public Transit
  • Trash Collection Public

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.