New York, NY 10462

Property

Ownership: For Sale
Type: mixed-use
Lot Size: 0.0 Acres

Financials

Price:$1,350,000
Annual Taxes:$4,844.03
505 Park Ave, New York, NY 10022
Listing Courtesy of Century 21 Galvez

Excellent mixed use investment opportunity in the heart of Castle Hill, Bronx !

Description

Excellent mixed-use investment opportunity in the heart of Castle Hill, Bronx! Located directly on busy Westchester Avenue, this well-maintained property offers outstanding visibility and strong income potential. The building features a renovated ground-floor commercial space, ideal for a variety of businesses, positioned in a high-traffic area with a hospital directly across the street and close proximity to the train station, ensuring constant foot and vehicle traffic. Above the commercial space are two spacious residential units: the second-floor apartment offers three bedrooms and one bathroom, while the third-floor apartment also features three bedrooms and one bathroom and is currently rented for $3,000 per month. The storefront and second-floor apartment are currently vacant, providing flexibility for an owner-user or the opportunity to maximize rental income. The property is in great condition and requires no work, making it a turnkey investment. Convenient location, strong rental potential, and easy to show make this an excellent opportunity for investors or business owners alike.

Amenities

  • Electricity Available
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Trash Collection Public
  • Water Available
  • 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.