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$1,400,000

Est. payment - /mo

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9 Beds

3 Baths

Active

854 229Th Street New York, NJ 10466

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Youssef Genid

info@roglegend.com +1(973) 772-0660

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4050831

Style 3-Three Story, See Remarks

Bedrooms 9

Full Baths 3

Year Built 1910

Annual Tax Amount $9,141

Tax Year 2025

Property 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

Location

State NJ

County Other

Interior

Interior Features See Remarks

Heating Gas-Natural

Cooling None

Heat Source Gas-Natural

Exterior

Exterior Feature Brick

Utilities Available Gas-Natural, See Remarks

Roof Type See Remarks

Garage No

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story, See Remarks

Others

Senior Community No

Listed by GRACIELA FLORIMON

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Youssef Genid

Broker License ID: 9701533

+1(973) 772-0660

854 229Th Street New York, NJ 10466

Youssef Genid

Key Details

Location

Interior

Exterior

Building

Others

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854 229Th Street