New York, NY 10472

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 9 BR
Bathrooms: 4
Lot Size: 0.1 Acres

Financials

Price:$1,299,900
Annual Taxes:$13,190
505 Park Ave, New York, NY 10022
Listing Courtesy of Han Tang Realty Inc.

Rare opportunity to add this vacant four family property at 1171 Colgate Ave to your real estate portfolio.

Description

Rare opportunity to add this vacant four-family property at 1171 Colgate Ave to your real estate portfolio. The home is located in rapidly developing Soundview Section of the Bronx and Conveniently located near the MTA 6 train at Elder Ave station. This property offers an excellent multifamily investment opportunity. The building features four residential units: 1 × 3-bedroom apartment 3 × 2-bedroom apartments Each apartment has its own separate gas-fired boiler providing both heat and hot water, allowing for individual control of heating and hot water expenses. The property also includes a high-ceiling, walk-out basement that is currently unfinished, offering potential for additional storage or future use, subject to applicable zoning and permits. Delivered vacant, the property provides investors with flexibility to renovate, reposition, and maximize its rental income potential. Call today to schedule your viewing before it gone.

Amenities

  • Cable - Available
  • Electricity Available
  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Available
  • Natural Gas Connected
  • Phone Available
  • Sewer Available
  • Sewer Connected
  • Trash Collection Public
  • Water Available
  • 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.