New York, NY 10454

Property

Ownership: For Sale
Type: Unknown
Lot Size: 0.1 Acres

Financials

Price:$1,900,000
Annual Taxes:$8,325
505 Park Ave, New York, NY 10022
Listing Courtesy of Promise Realty LLC

Exceptional development opportunity just one bridge away from Manhattan !

Description

Exceptional development opportunity just one bridge away from Manhattan! Located in a rapidly growing area with strong upside potential, this R6 / C2-4 zoned mixed-use property offers approximately 12,204 buildable SF and comes with approved architectural plans already in place. Planned configuration includes: • Ground Floor: Retail space • Second Floor: Community Facility / Office • Third to Sixth Floors: Eight residential units total, configured as two 2-bedroom apartments per floor New construction project currently underway with foundation work already in progress, saving developers valuable time and carrying costs. Proposed 6-story elevator building with modern fireproof steel construction. Situated within an Opportunity Zone, this is an ideal project for developers, builders, and investors seeking strong long-term growth potential in a prime NYC location with convenient access to Manhattan. Rare chance to take over a shovel-ready project with approvals in place. Investors and developers — don’t miss this opportunity!

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.