New York, NY 10458

Property

Ownership: For Sale
Type: mixed-use
Lot Size: 0.1 Acres

Financials

Price:$949,000
Annual Taxes:$5,074.28
505 Park Ave, New York, NY 10022
Listing Courtesy of Charles Rutenberg Realty, Inc.

PRIME MIXED USE INVESTMENT OPPORTUNITY IN THE HEART OF BELMONT !

Description

PRIME MIXED-USE INVESTMENT OPPORTUNITY IN THE HEART OF BELMONT! This three-story mixed-use building offers an excellent combination of immediate income, future upside, and flexibility. The property features one ground-floor retail storefront, one spacious 3-bedroom apartment, and one spacious 4-bedroom apartment. Both residential apartments will be delivered vacant at closing, giving the new owner the opportunity to maximize rental income immediately. The ground-floor retail space is currently occupied, providing income from day one. The building contains approximately 4,280 square feet and is classified as Tax Class 1, helping to keep annual real estate taxes relatively low. Ideally located just off Fordham Road in one of the Bronx's busiest and most desirable commercial corridors, the property benefits from excellent foot traffic and convenient access to everything the neighborhood has to offer. Enjoy close proximity to Fordham University, Arthur Avenue's renowned restaurant corridor, St. Barnabas Hospital, shopping, schools, major highways, and public transportation, including the B, D, and 4 subway lines, along with multiple bus routes. An excellent opportunity for investors, owner-users, or 1031 exchange buyers seeking a well-located mixed-use asset with immediate upside and long-term appreciation potential. Showings by appointment only. Please do not disturb the commercial tenant.

Amenities

  • Electricity Available
  • Natural Gas Available

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.