Welcome to Soundview (Clason Point) section of the Bronx. This property 505 Taylor Ave is an exceptional investment opportunity nestled in the vibrant community of Bronx, NY. This immaculately maintained brick triplex, built in 2007, offers a compelling blend of modern design and reliable income potential, ideal for the discerning investor. Spanning a generous 3,111 square feet, this property boasts nine well-appointed bedrooms and six full bathrooms, distributed across three expansive apartments. Each unit features a thoughtful layout that includes a master bedroom with an ensuite bathroom, two additional large bedrooms, a second full bath, and an inviting living room that flows seamlessly into an open concept kitchen and dining area. Quality finishes like gleaming hardwood floors enhance the warmth and elegance of the space, while abundant windows bathe each apartment in natural light, creating a welcoming ambiance for tenants. The contemporary kitchens are perfect for hosting and entertaining, cementing this property's appeal in the rental market. A huge full basement with lots of potentials with 2 entrances front and walk out to the backyard. Each apartment has it's own boiler and hot waters heater tenants are resppnsibly for their own utilities. With eight years of tax abatement remaining, investors will appreciate the extremely low taxes that increase the profitability of this income-producing machine. Additionally, the convenience of long drivewaway that has room for six private parking spaces adds to the desirability for prospective renters. Lot of backyard space for entertainment and family gatherings. Situated in a dynamic neighborhood with easy access to amenities, close to stores, restaurants, schools, banks, Soundview Park and close to transportation buses, trains. You also have easy access to the NYC Ferry with stops from Soundview (Clason Point Park) to 4 different stops Manhattan. This makes travaling to the City that much easier and hassle free. 505 Taylor Ave is not only a wise investment but also a turnkey solution for generating substantial rental income. Capitalize on this rare opportunity to own a top-tier, investor-friendly apartment building in one of New York's burgeoning boroughs.
Property Details
Property Features
Property Information:
Year Built: 2006
Listing Office:
Office Name: eXp Realty
Office Phone: (347) 779-6485
Interior Features
Interior Information:
Basement: Yes
Flooring Type: Hardwood
Interior: First Floor Bedroom, First Floor Full Bath, High Ceilings
Bedroom and Bathroom Information:
Full Bathrooms: 6
Total Bedroom Count: 9
Exterior Features
Parking Information:
Parking: Driveway, Off Street, Private
Lot Features
Lot Information:
Lot Size: 0.06 Acres
Utilities
Utilities Information:
Heating: Baseboard, Natural Gas
Cooling: Wall/Window Unit(s)
Price Information
Listing Price Info
Price Summary:
List Price: $1,199,999
Tax Information:
Annual Amount: $658
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Bronx, NY.
This property is $607.6K more than the Median Sold Price in Bronx, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ONEKEY2
MLS Number: #801868
Listing Office:
Office Name: eXp Realty
Office Phone: (347) 779-6485
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2024, OneKey™ MLS. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 12/3/2024, 10:56:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 11, 2007
Jun 11, 2007Home Sold
$715,850
Sep 11, 2006
Sep 11, 2006Home Sold
$65,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$658
$41,400
2018
$6,936
$34,920
2017
$6,417
$34,026
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,057
Per Month
Principal & Interest
$5,990
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,664
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
P.S. 69 The New Visions School
560 Thieriot Ave
Distance between this listing and this school0.13 miles
Public District Grades PK-5
6
/10
P.S. 182 Bronx
601 Stickball Blvd
Distance between this listing and this school0.35 miles
Public District Grades KG-5
5
/10
P.S. 107 Bronx
1695 Seward Ave
Distance between this listing and this school0.42 miles
Public District Grades KG-5
Nearby Schools
7
/10
Grand Concourse Academy Charter School
625 Bolton Ave
Distance between this listing and this school0.27 miles
Public Charter Grades KG-8
5
/10
The Bronx Mathematics Preparatory School
456 White Plains Rd
Distance between this listing and this school0.30 miles
Public District Grades 6-8
5
/10
J.H.S. 131 Albert Einstein
885 Bolton Ave
Distance between this listing and this school0.56 miles
Public District Grades 6-8
Nearby Schools
3
/10
Archimedes Academy for Math, Science and Technology
456 White Plains Rd
Distance between this listing and this school0.30 miles
Public Magnet Grades 6-12
3
/10
Women's Academy of Excellence
456 White Plains Rd
Distance between this listing and this school0.30 miles
Public District Grades 9-12
4
/10
Millenium Art Academy
1980 Lafayette Ave
Distance between this listing and this school0.56 miles
The neighbors living near this home have an average income of $46,190. Residents of Bronx, NY typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 505 Taylor Ave in Bronx, NY and zip code 10473 in the Southeast Bronx neighborhood. This home, which was built in 2006, sits on a 0.06 acre lot. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 30, 2024 and is currently priced at $1,199,999.
While more than 52 listings in Bronx, NY in November 2024 were sold above asking price, there were more than 37 listings sold at asking price, and more than 75 were sold below. The number of listings in Bronx, NY decreased by 6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $592,317, while the average time on the real estate market was 60 days.
From Rocket Homes Real Estate and based on county public records data.