New York, NY 10459

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 5 BR
Bathrooms: 5
Lot Size: 0.1 Acres

Financials

Price:$1,551,000
Annual Taxes:$1,547.44
505 Park Ave, New York, NY 10022
Listing Courtesy of EXP Realty

Excellent mixed use investment opportunity in the South Bronx.

Description

Excellent mixed-use investment opportunity in the South Bronx. This fully occupied property features three residential units and one commercial space, offering strong and consistent income. Based on current rents, the property generates approximately $12,500/month ($155,000 annually), with an estimated NOI of ~$122,289. This supports an approximate 7.5% return at current pricing, with additional upside potential from on-site advertising income. Ideal for investors seeking a turnkey asset with multiple income streams and long-term growth. Low operating expenses, including a favorable tax structure, further enhance the overall return profile. Conveniently located near transportation, shopping, and major thoroughfares, making it attractive for both residential and commercial tenants. All income, expense, and return figures are approximate and should be independently verified.

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • Natural Gas 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.