New York, NY 10460

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 9 BR
Bathrooms: 5

Financials

Price:$1,395,000
Annual Taxes:$3,450
505 Park Ave, New York, NY 10022
Listing Courtesy of WW Realty Group Inc

Presenting a newly constructed, contemporary three unit residence situated in the prime Van Nest section of the Bronx.

Description

Presenting a newly constructed, contemporary three-unit residence situated in the prime Van Nest section of the Bronx. Engineered for both exceptional end-user comfort and high-yield investment performance, this turnkey asset delivers modern architecture, low-maintenance ownership, and robust income-producing potential. Interior Features & Layout Configuration: Three distinct residential units comprising a total of 9 generously proportioned bedrooms and 5 designer-finished bathrooms. Living Spaces: Open-concept layouts featuring seamless transitions between living and dining areas, optimized for natural light and effortless entertaining. Kitchens: Custom cabinetry, sleek countertops, modern fixtures, and ample storage capabilities. Systems & Efficiency: Updated mechanical systems, central heating and cooling, energy-efficient components, and convenient in-unit laundry provisions. Financial & Investment Highlights Income Potential: Estimated monthly rental income ranges from $3,500 to $3,850 per unit, yielding a potential gross monthly income between $10,500 and $11,550. Annual Projections: Projected annual gross revenue exceeding $138,000. Strategy: Ideal for an owner-occupant utilizing a live-in income model or an astute investor seeking a newly built, low-maintenance portfolio addition. Prime Location Strategically positioned in Van Nest with effortless access to major thoroughfares, public transit options, local retail, dining, parks, and schools, ensuring a convenient commute throughout the Bronx and into Manhattan. Professional representation and post-closing tenant-placement services available to ensure seamless transition and immediate cash flow optimization.

Amenities

  • Other
  • Trash Collection Private

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.