New York, NY 10466

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 2

Financials

Price:$875,000
Annual Taxes:$6,200
505 Park Ave, New York, NY 10022
Listing Courtesy of Christie's Int. Real Estate

A rare opportunity to own a TWO FAMILY HOME ON A DOUBLE LOT, offering an exceptional combination of comfortable living, income potential, and possibilities for future expansion or potentially building ...

Description

A rare opportunity to own a TWO-FAMILY HOME ON A DOUBLE LOT, offering an exceptional combination of comfortable living, income potential, and possibilities for future expansion or potentially building a second home, subject to municipal approvals. The first-floor residence has been gut renovated and features 2 bedrooms plus a versatile den, ideal as a home office or guest bedroom. The bright, updated interior offers a brand-new kitchen with quartz countertops, breakfast bar, stainless steel appliances and ample cabinetry, along with hardwood floors and fresh paint throughout. The fully renovated lower level provides additional flexible living space with a spacious entertainment area, guest room and full bathroom. The second-floor unit features 3 bedrooms and is currently leased, creating an excellent opportunity to live in one unit while generating rental income from the other. Investors can also take advantage of the property's multi-family configuration and long-term income potential. Outside, the oversized, fully fenced yard is a standout feature, providing abundant outdoor space along with ample off-street parking. Security cameras throughout add additional convenience. Ideally located with convenient access to public transportation, major commuter routes, shopping, dining, schools, parks and everyday necessities, the property offers easy connectivity to both the Bronx and surrounding Westchester communities. Whether you're looking for a primary residence with rental income, a multi-generational living arrangement, or an investment with future possibilities, this property offers space, flexibility and a double lot that truly sets it apart. Don't miss this one of a kind opportunity!

Amenities

  • Breakfast Bar
  • Built-in Features
  • Chefs Kitchen
  • Eat-in Kitchen
  • Electricity Available
  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Garden
  • High ceiling
  • Kitchen Island
  • Mailbox
  • Natural Gas Available
  • Open Floorplan
  • Open Kitchen
  • Quartz/Quartzite Counters
  • Rain Gutters
  • Recessed Lighting
  • Sewer Connected
  • Storm Doors
  • Trash Collection Public
  • Video Cameras
  • Walk Through Kitchen
  • Washer/Dryer Hookup

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.