New York, NY 10457

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 12 BR
Bathrooms: 4
Lot Size: 0.1 Acres

Financials

Price:$1,250,000
Annual Taxes:$2,496.60
505 Park Ave, New York, NY 10022
Listing Courtesy of EXIT Realty Private Client

Prime investment opportunity in the heart of the Bronx's vibrant Belmont neighborhood !

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Description

Prime investment opportunity in the heart of the Bronx's vibrant Belmont neighborhood! This fully vacant 3-family property (plus finished basement) offers incredible value-add potential for savvy investors, developers, or builders. Situated on a generous 18.42' x 145' lot with R6 zoning, the site boasts up to 8,010 sq. ft. of maximum buildable area (buyers to consult with an architect to verify full conversion and expansion possibilities). The existing structure is currently under a Vacant Order and is being sold strictly AS-IS due to localized water damage originating from a bathroom leak. Located just minutes from Fordham University, local dining along Arthur Avenue, and convenient Metro-North and transit options for a rapid commute into Manhattan. Bring your contractor and vision to unlock the maximum potential of this prime Belmont site!

Amenities

  • Electricity Available
  • Natural Gas Available
  • Other

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.