New York, NY 10458

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 13 BR
Bathrooms: 6

Financials

Price:$2,100,000
Annual Taxes:$5,172
505 Park Ave, New York, NY 10022
Listing Courtesy of Weichert New Homes Co

Opportunity to purchase two adjacent properties at 350 amp ; 354 East 193rd Street in the Bronx, offering strong current income and future upside.

View of front of home with a fenced front yard, brick siding, and a gate

Description

Opportunity to purchase two adjacent properties at 350 & 354 East 193rd Street in the Bronx, offering strong current income and future upside. The properties sit on a combined 8,811 SF lot and are currently configured as a rent-by-room setup with 14 total rooms plus a 3-car garage generating additional income. Current Income: Monthly: ~$12,974 Annual: ~$155,700 NOI: ~$95,700 Both properties are fully occupied and provide immediate cash flow. Property Details: 350 E 193rd St: 6 rooms 354 E 193rd St: 8 rooms 3 garage spaces ($750/month) Located near Fordham University, public transportation, shopping, and major Bronx corridors. Zoned R4A with potential for future development. Preliminary discussions indicate possible rezoning for higher-density residential use (buyer to verify). Properties may be delivered vacant. Asking Price: $2,100,000 Seller open to discussing owner financing for qualified buyers.

Amenities

  • Eat-in Kitchen
  • First Floor Bedroom
  • First Floor Full Bath
  • Trash Collection Public

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.