Description
Excellent opportunity to acquire a renovated, legal three-family property with strong cash flow and high NOI. The three-story building features three spacious residential apartments, with each unit occupying its own floor. Apartment 1: 2 bedrooms, 1 bathroomApartment 2: 4 bedrooms, 2 bathroomsApartment 3: 5 bedrooms, 2 bathrooms All three units are rented and income producing, offering investors immediate rental income and a strong existing cash-flow profile. The property's legal three-family configuration, large apartment layouts, and renovated condition make it an attractive investment opportunity with additional upside. Located in the Bronx, the property is surrounded by parks, restaurants, shopping, grocery stores, and public transportation, offering residents convenient access to everyday amenities and neighborhood attractions. Development Potential: The property sits on a 25' x 136' lot and is located in an R7B zoning district with a residential FAR of 3.0. The existing income-producing property also offers additional development potential, providing an opportunity for an investor or developer to explore future expansion or redevelopment, subject to applicable zoning and building regulations.Featured Residential Sales.
Details
| MLS # | 1052830 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 45 |
| Listing Provided By | NY Space Finders Inc | Devin Navarro |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,200 |
| Acreage | 0.08 |
Interior
| Cooling | Electric |
|---|---|
| Heating | Natural Gas |
| Interior Features | High Ceilings |
| Appliances | Gas Oven, Refrigerator |
Exterior
| Construction Materials | Frame |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 49440 |
| Tax Annual Amount | 5872.48 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10458 |
| School District | Contact Agent |
| Elementary School | Contact Agent |
| High School | Contact Agent |
| Listing VS Median (in 10458) | |
Price: $1,300,000 low | high Med: $739,500 sqft: 3,200 low | high Med: 1,607 $ / sqft: $406 low | high Med: $471 On site: 45 low | high Med: 197.5 | |
Market Activity 10458
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10458 |
| School District | Contact Agent |
| Elementary School | Contact Agent |
| High School | Contact Agent |
| Listing VS Median (in 10458) | |
Price: $1,300,000 low | high Med: $739,500 sqft: 3,200 low | high Med: 1,607 $ / sqft: $406 low | high Med: $471 On site: 45 low | high Med: 197.5 | |
 | $999,9992696 MarionBronx, NY 10458 |
270 Main Street
Cornwall, NY 12518
845-534-7874
Hours of Operation
Specializing in Buying and
Selling Real Estate in Cornwall,
NY and surrounding areas.
Fair House Notice
SOP for Purchasers of Real Estate
