New York, NY 10032

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 4

Financials

Price:$1,750,000
Annual Taxes:$9,920
505 Park Ave, New York, NY 10022
Listing Courtesy of MYNY Residential

A rare opportunity to acquire a legal two family townhouse on iconic Riverside Drive, offering four levels of living space, pre war architectural character, and exceptional long term upside.

Description

A rare opportunity to acquire a legal two-family townhouse on iconic Riverside Drive, offering four levels of living space, pre-war architectural character, and exceptional long-term upside. Properties of this scale and flexibility rarely come to market along this historic corridor. The residence features five bedrooms, generous proportions, original details, and a multi-level layout that reads as three stories from the street while revealing its full four-level depth from the rear—an architectural distinction characteristic of classic Riverside Drive homes. A private balcony further enhances the home’s unique profile. A truly standout feature, especially in Manhattan, is the three-car garage, with each bay offering its own separate entrance. In a neighborhood where parking is exceptionally limited, this level of off-street parking is extraordinarily rare and adds meaningful value, flexibility, and income potential to the property. Whether used for personal convenience, storage, or alternative configurations, the garage alone sets this home apart from nearly all comparable offerings. The property is being offered in as-is condition and requires renovation, presenting a compelling opportunity for an end user, investor, or restoration-minded buyer to reimagine and enhance a home rich with historic character. Located moments from Riverside Park, transportation, and neighborhood amenities, this is a distinctive offering combining history, scale, and a feature set seldom found in Manhattan townhouses at this price point.

Amenities

  • Balcony
  • Electricity Available
  • Natural Gas Available
  • Other
  • Sewer 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.