New York, NY 10467

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 8 BR
Bathrooms: 5
Lot Size: 0.0 Acres

Financials

Price:$1,200,000
Annual Taxes:$6,378
505 Park Ave, New York, NY 10022
Listing Courtesy of Keller Williams Realty NYC Grp

Legal three family with tenants paying all utilities except water and insurance.

Description

Legal three-family with tenants paying all utilities except water and insurance. The top two units are three-bedroom, two-bath units. The ground-floor level unit is a two bedroom two bath. Property includes a gated driveway for convenient parking. Landlord is willing to VACATE all three units. Current tenants are cash-paying month-to-month. Gross Potential rent of $116,016 calculated using present Sec 8 amounts paid with no utilities paid by the landlord; 3BR = $3,454; 2BR = $2,760. Kitchens and bathrooms are in good condition. The top two floors have pleasant forward-facing balconies as well. Three separate gas boilers and meters. 4 electric meters, one for each tenant and one for the common area. Total city-recorded building sq. footage is 3,444. Less hallways and stairs total apartment sq. footage is approximately 3,050 broken down as follows; 3BR's = 1.050sq. ft. and 2BR = 950sq. ft.. These are large sq. footage units with big bedrooms that accommodate king-size beds and additional furniture. R5 zoning.

Amenities

  • Eat-in Kitchen
  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Connected
  • Sidewalks
  • Water Connected

Long Island MLS

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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.