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4392 Park Avenue

New York NY 10457

7
2
3240 sq. ft.
2275 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Nestled in the vibrant Belmont neighborhood, this expansive two-family house presents a fantastic opportunity for homeowners, investors, and developers alike. Boasting generous living spaces and separate utilities, this property offers both immediate rental income potential and exciting future possibilities. First Floor: Discover a spacious three-bedroom, one-bathroom apartment. Enjoy seamless indoor-outdoor living with direct access to the backyard – perfect for relaxing or entertaining. Second Floor: The upper level features a large four-bedroom apartment with one bathroom, providing ample space for a growing family or tenants. Basement: A substantial, unfinished walk-out basement offers endless potential for customization, whether you envision additional living space, a recreational area, or extra storage. Separate Utilities: Each unit is equipped with its own independent gas boiler and gas hot water tank, ensuring tenant comfort and simplified management. Development Opportunity: Situated on land zoned M1-1 and located within a Qualified Opportunity Zone, this property presents a compelling prospect for developers and investors seeking to capitalize on potential tax benefits and the area's growth. Don't miss this chance to own a substantial property in a sought-after location with significant upside potential!

Features

7 bedrooms
2 bathrooms
3240 sq. ft. floor area
2275 sq. ft. lot size
Single-Family

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Local market activity for 7 bedroom single-family properties in New York

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