New York, NY 10465

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 4
Lot Size: 0.1 Acres

Financials

Price:$1,599,000
Annual Taxes:$8,439
505 Park Ave, New York, NY 10022
Listing Courtesy of Keller Williams Realty Greater

Rare Throggs Neck Investment Opportunity Legal 3 Family with Incredible Upside !

Description

Rare Throggs Neck Investment Opportunity – Legal 3-Family with Incredible Upside! Located in the highly sought-after Throggs Neck neighborhood of the Bronx (School District 8), this unique property offers unmatched versatility for savvy investors, developers, or multi-generational buyers. The property is legally zoned as a 3-family residence, currently functioning as a highly adaptable multi-level layout. • First Floor: Features a comfortable and private 2-bedroom, 1-bathroom unit perfect for an owner's suite or steady rental income. • Second Floor: Configured as a bright, studio-style apartment complete with its own dedicated kitchen and a private, rear deck. • Third Floor: A massive 4-bedroom unit currently utilized as additional living quarters. While the top-floor kitchen was previously removed, all active utility plugs, gas lines, and plumbing hookups remain fully accessible in one of the bedrooms, allowing for a seamless, low-cost conversion back to a full three-unit income producer. Live in one unit and let the others pay your mortgage, or convert it back to a full 3-family to maximize your monthly rental yield! Enjoy a prime location just a short walk to P.S. 72, local transit options, and the bustling shopping district on East Tremont Ave. PACKAGE DEAL AVAILABLE: This property is being co-listed alongside the neighboring parcel. Purchase both together to secure a massive footprint with endless development or expansion potential. Sold completely AS-IS. Buyer to verify all certifications and school zoning with the NYC DOB and DOE.

Amenities

  • First Floor Bedroom
  • First Floor Full Bath
  • Open Floorplan
  • Storage

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.