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


Property

Website:https://www.nestseekers.com/4964790
Address:
New York, NY 10458
Ownership: For Sale
Type: Unknown
Bedrooms: 13 BR
Bathrooms: 6

Financials

Price:$2,100,000
Annual Taxes:$5,172

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

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Weichert New Homes Co