Properties

Description

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

Features

  • Heating System : Baseboard - Hotwater
  • Roof Deck : See Remarks
  • Parking : 4
  • Parking Description: Additional Parking, Driveway-Exclusive, Parking Lo
  • Interior Features: See Remarks
  • Exterior Features: See Remarks
  • Tax Assessed Valuation: 60900
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural, See Remarks
  • Internet

Additional Info

  • Office Name: GRACIELA FLORIMON
  • Office MLS ID: 5783
  • Agent ID: 395034
  • Tax: 9141
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$1,400,000

854 229Th Street, New York

  • SQFT 5 Acre
  • Bedroom 9
  • Built Year 1910

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5415946
  • Price: $1,400,000
  • Bedrooms: 9
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1910
  • Year Built Description: Unknown
  • Lot Area: 5 Acre
  • Status: Active
  • Days On Market: 7

Contact Agent

Sky Realty & Associates

Address Map

  • Country US
  • County Other
  • City New York
  • Street: 229Th Street
  • Street Number: 854
  • Street Direction: Take exit 10 from Bronx River Pkwy24 min (17.1 mi)
  • Floor Number: 0
  • Longitude: E0° 0' 0''
  • Latitude: N0° 0' 0''
  • Internet Display Address: Yes
Property