New York, NY 10467

Property

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

Financials

Price:$2,250,000
Annual Taxes:$10,724.28
505 Park Ave, New York, NY 10022
Listing Courtesy of X-Cap Realty LLC

Prime 7 family investment opportunity in Williamsbridge, Bronx ideal for long term income, future development, or a sizable assemblage near the 2 train and major local amenities.

View of exterior entry featuring brick siding

Description

Prime 7-family investment opportunity in Williamsbridge, Bronx – ideal for long-term income, future development, or a sizable assemblage near the #2 train and major local amenities. A solid 3-story plus walk-in basement, 7-unit residential building on a generous 50 x 100 ft (approx.) lot in the heart of Williamsbridge/Olinville, Bronx R5 zoning district. Built in 1928 and offering approximately 7,100+ sq ft of interior space, this property is perfect for investors seeking stable cash flow in a strong rental market with consistent demand for multifamily housing. The building currently contains seven residential units in a classic Bronx walk-up configuration, with a mix of layouts suitable for long-term tenants and strong rent rolls. Wide frontage and a deep lot provide potential for outdoor yard use, storage, or future upgrades, subject to approvals. Situated on a quiet, residential block between White Plains Road and Barnes Avenue, the property benefits from a true neighborhood feel while remaining close to shopping, dining, and everyday services along White Plains Road and surrounding avenues. Public transportation is excellent, with the nearby #2 train providing easy access to Manhattan and other parts of the Bronx, making this address highly attractive to renters and commuters. Schools, parks, and community facilities are all within a short distance, supporting strong rental demand from professionals who want convenience without sacrificing a residential environment. The 7-family building is being offered with an asking price of $2,250,000, reflecting its size, location, and income potential in a strong Bronx rental corridor. All information is subject to independent verification; buyers and their architects/engineers should confirm all zoning, FAR, and development potential directly with the appropriate professionals and city agencies.

Amenities

  • 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.