New York, NY 10452

Property

Ownership: For Sale
Type: Multi-Family
Pets: Pets No

Financials

Price:$4,950,000
Annual Taxes:$91
505 Park Ave, New York, NY 10022
Listing Courtesy of Coldwell Banker Realty

Description

Be the first to own this brand-new construction five-story rental building in the Highbridge section of the Bronx. The building features high-quality construction and a total of 11 units: studio (3), one-bedroom (3), two-bedroom (4), and three-bedroom (1). All units are situated on floors 2-5. Each unit is equipped with high-end vinyl flooring, custom cabinets, quartz countertops, stainless steel appliances, and Frederick Heating/Cooling units. The first floor houses the main lobby, recreation room, bike room, elevator, trash compactor room, and electrical meter room. Refuse rooms are conveniently located on each floor. This property is eligible for a 485X tax abatement for the next 35 years. The estimated annual tax is $91. This represents a significant savings of over $77,000/Year+ over the next 35 years.

Amenities

  • Accessible Elevator Installed
  • Cable - Available
  • Electricity Connected
  • Fire Alarm
  • Fire Sprinkler System
  • Sewer Connected
  • Smoke Detectors
  • Trash Collection Private
  • Video Cameras
  • Water Connected

Be the first to own this brand new construction five story rental building in the Highbridge section of the Bronx.


    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.