973.595.1500
854 229Th Street New York 10466
$1350000

Details

Prime Bronx Investment opportunity regarding a legal three-family brick home situated on a spacious lot. opportunity for developers and investors: Solid, all-brick, three-family property on a 50' x 114.5' lot, zoned 4, in the Bronx. Exceptional Well-maintained structure with 4 detached/covered garages " delivering immediate rental income and rare expansion potential on a single site. Three boilers, four electric meters, and three gas meters. Additionally, the property offers exceptional parking and storage solutions, including garages, a private driveway. Conveniently located just minutes from the 233rd Street MTA station, the property provides easy access to major highways, buses, schools, and local shops. Lot: 50' x 114.5'-- with buildable parcel.- Zoning: R4 multi-fam residential zoning. It permits another 3-family building (subject to DOB approvals). Building: All-brick construction, three income-producing units. Delivering immediate rental income and rare expansion potential on a single site. - Economies of scale: Shared lot reduces acquisition costs per unit compared with buying separate properties;development costs concentrated on one parcel.- Strong ROI potential: Below-market asking price for combined lot and build potential.opportunity for unit count expansion, rent growth after renovation, or a 2-property sale strategy.- Flexible exit strategies: Hold for stabilized cash flow, renovate and increase rents, or develop and sell the new 3-family

Basic Information

County : Other
Style : ,
Rooms : 14
Bedrooms : 9
Full Baths : 3
Half Baths : 0
Total Baths : 3
LotSize : 5,721
Acres : 0
Living Room Level :
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Bedroom 1 Level :
Bedroom 2 Level :
Bedroom 3 Level :
Bedroom 4 Level :
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Garage :
HeatSource :
Heat System :
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Sewer :
Utilities : ,

Additional Information

Tax Amount : 9141
Tax Year : 2025
Association Fee :
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