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169 Silver Lake Rd

New York NY 10301

5
3
1
1969 sq. ft.
2400 sq. ft.
Duplex
Currently for sale - view listing

Overview

Exceptional 3-Family Brick Home with Outstanding Income Potential! Don't miss this rare investment opportunity! Tax records do not reflect the true size—this solid brick home measures 17x57 with approximately 1,969 sq ft of living space. Minimal expenses tenants pay heat, hot water, cooking gas and their own electric. Two units can be delivered vacant, offering flexibility for both investors and end-users. The spacious main unit features a large 2-bedroom layout with an eat-in kitchen and a generous living/dining area that can easily be converted to a 3-bedroom. The second floor includes a studio and a separate 1-bedroom apartment—ideal for maximizing rental income. Currently generating 75,012 in annual rent (well below market value), this property has the potential to bring in approximately 101,000 annually at fair market rates. A fantastic opportunity for investors or owner-occupants looking for strong returns and long-term growth.

Features

5 bedrooms
3 bathrooms
1 carspace
1 garage space
1969 sq. ft. floor area
2400 sq. ft. lot size
Duplex

Property history for 169 Silver Lake Rd

2020
Sold
$565,000
07 Jul 2020 by Ragheb MICKEY Baig, of Coldwell Banker Advantage

Happy sellers in New York

94%
94% of sellers in New York reported that their sale price either exceeded or met their price expectations.

New York stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in New York over the last 12 months.

Local market activity for 5 bedroom duplexes in New York

In the last 12 months, 9 five-bedroom duplexes similar to 169 Silver Lake Rd, have been sold.

This represents a 12% decrease in five-bedroom duplexes sales when compared to the previous 12 months.

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