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MULTI_FAMILY - Contemporary - Bronx, NY
Fully detached brick 3-family on a 55' x 100' double lot offering major development potential, including the possibility of constructing an additional 2-family home on the left side (verify with architect). This income-producing asset features three fully independent units-each with its own boiler, hot water heater, and utilities-with 4 electric meters and 3 gas meters, and tenants paying their own heat, hot water, cooking gas, and electric. An additional studio loft structure on the left provides further potential for another unit or accessory living space, and the property offers parking for 5+ vehicles. Current rents are strong and stable: the 3rd-floor 3BR at $2,527 (lease to 11/1/26), 2nd-floor 3BR at $2,578 (lease to 11/1/26), and 1st-floor 1BR at $2,569 (lease to 10/1/26), with additional upside of approximately $26,400 annually if the two 3-bedroom units are brought to market ren...
Fully detached brick 3-family on a 55' x 100' double lot offering major development potential, including the possibility of constructing an additional 2-family home on the left side (verify with architect). This income-producing asset features three fully independent units-each with its own boiler, hot water heater, and utilities-with 4 electric meters and 3 gas meters, and tenants paying their own heat, hot water, cooking gas, and electric. An additional studio loft structure on the left provides further potential for another unit or accessory living space, and the property offers parking for 5+ vehicles. Current rents are strong and stable: the 3rd-floor 3BR at $2,527 (lease to 11/1/26), 2nd-floor 3BR at $2,578 (lease to 11/1/26), and 1st-floor 1BR at $2,569 (lease to 10/1/26), with additional upside of approximately $26,400 annually if the two 3-bedroom units are brought to market rent over time. With no basement, baseboard heat, natural gas, window A/C units, and close proximity to the #2 and #5 trains, this property delivers strong cash flow today and meaningful value-add potential for the future.
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