New York, NY 10470

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 7 BR
Lot Size: 0.1 Acres

Financials

Price:$899,000
Annual Taxes:$4,872.76
505 Park Ave, New York, NY 10022
Listing Courtesy of YourHomeSold Guaranteed Realty

? ? DON T THINK YOU QUALIFY FOR A TRADITIONAL HOME LOAN ?

Two-story residence featuring white siding and bay windows on the upper level

Two-story residence featuring white siding and bay windows on the upper level

Two-story residence featuring white siding and bay windows on the upper level
Two-story residence featuring white siding and bay windows on the upper level

Description

?? DON’T THINK YOU QUALIFY FOR A TRADITIONAL HOME LOAN? Ask me about a DSCR loan financing that can qualify you based primarily on the rental income the property generates, rather than the traditional income requirements. Here’s an example of the potential rental income: ?? Top Floor: $4,027/month?? Second Unit: $3,811/month?? Walkout Unit: $1,800/month That’s a potential $9,638 per month in rental income! If you don’t qualify for a traditional mortgage but have approximately 15%–20% available for a down payment, a DSCR loan may be an option worth exploring. ?? Ask me about DSCR financing and investment-property opportunities. Loan approval, down-payment requirements, rates, and terms vary by lender and borrower qualifications

Amenities

  • High ceiling
  • Near Public Transit
  • Near School
  • Near Shops
  • Recessed Lighting
  • Soaking Tub

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.