New York, NY 10453

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$6,950,000
Annual Taxes:$389.48
505 Park Ave, New York, NY 10022
Listing Courtesy of EXIT Realty Private Client

The subject property is a 7 story, mixed use elevator building on the corner of Buchanan Place and Davidson Avenue.

Description

The subject property is a 7 story, mixed use elevator building on the corner of Buchanan Place and Davidson Avenue. Built in 2020, the building spans 18,014 square foot and consists of one retail unit, eight studio units, ten (1) bedroom units and seven (2) bedroom units. The structure is built 50' by 62' and sits on a 50' by 100’ R7-1 zoned lot. The property benefits from a 35-year 421a tax abatement that expires in 2056. The property is located within a half mile of the 4, B and D Subway lines, giving an investor the ability to capitalize on the commuting tenant market.

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.