350 East 193rd Street Income producing property offered as part of a two building assemblage.


Property

Website:https://www.nestseekers.com/5397944
Address:
350-354 East 193rd Street
Bronx, NY 10458
Cross street:Marion Avenue
Type:House
Era:Post-war
Floors:3
Ownership: Single Family
Rooms: 14
Bedrooms: 14 BR
Bathrooms: 6

Financials

Price:$1,050,000
Real estate tax:$3,335

Description

350 East 193rd Street – Income-producing property offered as part of a two-building assemblage.

The property consists of an approximately 2,025 SF building on a 3,658 SF lot, currently configured as a rent-by-room income setup with 6 rentable rooms. The asset generates in-place cash flow and shares in additional garage income across the assemblage.

This offering is being marketed in conjunction with 354 East 193rd Street, combining for a total of 8,811 SF across two contiguous R4A-zoned lots (0.75 FAR), equating to approximately ±6,600 buildable SF as-of-right.

Preliminary discussions with land use counsel indicate a potential pathway to rezoning to R6B or R7B, offering future development upside (buyer to verify).

Property can be delivered vacant.

Seller open to structuring owner financing for qualified buyers.

Amenities

Laundry Room;
  • Laundry Room
  • Walk-up

Contact

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