Property
| Ownership: | Multi-Family |
|---|
Financials
Price:$1,050,000
Real estate tax:$1,734
Listing Courtesy of Weichert Properties
354 East 193rd Street 2 family income producing property offered as part of a two lot assemblage.
Description
354 East 193rd Street – 2-family income-producing property offered as part of a two-lot assemblage.
The property consists of an approximately 2,065 SF building on a 5,000 SF lot, currently configured as a rent-by-room income setup with 8 rentable rooms. Together with 350 East 193rd Street, the assemblage produces strong in-place income and includes additional garage revenue.
Combined, the offering totals 8,811 SF across two contiguous lots with R4A zoning (0.75 FAR), allowing for approximately ±6,600 buildable SF as-of-right.
Preliminary discussions with land use counsel indicate a viable pathway to rezoning to R6B or R7B, presenting potential for higher-density residential or affordable housing development (buyer to verify).
Properties can be delivered vacant.
Seller open to structuring owner financing for qualified buyers.
The property consists of an approximately 2,065 SF building on a 5,000 SF lot, currently configured as a rent-by-room income setup with 8 rentable rooms. Together with 350 East 193rd Street, the assemblage produces strong in-place income and includes additional garage revenue.
Combined, the offering totals 8,811 SF across two contiguous lots with R4A zoning (0.75 FAR), allowing for approximately ±6,600 buildable SF as-of-right.
Preliminary discussions with land use counsel indicate a viable pathway to rezoning to R6B or R7B, presenting potential for higher-density residential or affordable housing development (buyer to verify).
Properties can be delivered vacant.
Seller open to structuring owner financing for qualified buyers.
Amenities
Garage;
- Garage
- Walk-up
RLS Data display by Nest Seekers LLC.
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.
