Yonkers, NY 10703

Property

Ownership: For Sale
Type: Multi-Family

Financials

Price:$1,449,000
Annual Taxes:$16,500
505 Park Ave, New York, NY 10022
Listing Courtesy of Aurum Standard Realty Corp

Exceptional investment opportunity featuring a 5 family income producing property situated on an oversized double lot, offering strong in place cash flow and long term upside potential.

Description

Exceptional investment opportunity featuring a 5-family income producing property situated on an oversized double lot, offering strong in place cash flow and long-term upside potential. The property consists of two 2-bedroom, 1-bathroom units and three 1-bedroom, 1-bathroom units, plus a renovated full basement, providing additional flexibility and recreational space. Current rental roll includes Unit 1A – $2,100, Unit 1B – $2,500, Unit 2S – $1,550, Unit 2N – $1,900, and Unit 2E – $1,500. Owner pays heat while tenants are responsible for electric and cooking gas, helping maintain operational efficiency. Situated on a valuable double lot, this income-producing multifamily asset presents a rare opportunity for investors seeking immediate cash flow, long-term appreciation potential, and a strong addition to their investment portfolio.

Amenities

  • Back Yard
  • Building Security
  • Front Yard
  • Landscaped
  • Natural Gas Connected
  • Near Public Transit
  • Private
  • Smoke Detectors

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.