New York, NY 10454

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 5 BR
Bathrooms: 3
Lot Size: 0.1 Acres

Financials

Price:$1,290,000
Annual Taxes:$6,235.60
505 Park Ave, New York, NY 10022
Listing Courtesy of RE/MAX Team

Exceptional opportunity to own a solid brick 3 family home in Mott Haven, Bronx, built in 1994 and meticulously maintained.

Description

Exceptional opportunity to own a solid brick 3-family home in Mott Haven, Bronx, built in 1994 and meticulously maintained. This income-producing multi-family property is ideal for both seasoned investors and buyers looking to generate strong rental income in NYC. All three apartments have been recently updated, offering modern finishes that attract and retain quality tenants. The property is fully occupied with paying tenants, delivering immediate cash flow from day one—making this a true turnkey investment property in the Bronx. Additional income potential includes a private driveway with 1-car parking, currently leased. Located within R6 zoning, this property offers potential for future upside and long-term value growth. Situated in the highly sought-after Mott Haven neighborhood, you’ll benefit from proximity to: Shopping, dining, and daily conveniences along Willis Avenue, Public transportation, including the nearby 3rd Avenue–138th Street Station (easy Manhattan commute), and Major highways for convenient access throughout NYC and beyond. This Bronx multi-family property for sale checks all the boxes: updated units, stable tenants, additional income streams, and prime location.

Amenities

  • Cable - Available
  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Connected
  • Sewer Connected
  • Trash Collection Public
  • 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.