Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Lot Size: | 0.1 Acres |
Financials
Listing Courtesy of Houlihan Lawrence Inc.
Welcome to your next investment opportunity !
- 4 Story Brick Building
- Brick facade building featuring a stone entrance surround, arched doorway, and wrought iron fencing
- Brick and stone facade building featuring multiple stories with exterior fire escapes
- Brick facade building featuring a grand arched entryway with ornate wrought iron doors, flanked by decorative columns
- Third and Fourth Floor Plan
- Second Floor Plan
- First Floor Plan
- Ground Floor Plan
- Room featuring light blue walls with colorful murals, artificial turf flooring, and a ceiling-mounted light fixture
- Spacious room featuring light-colored square floor tiles, a built-in wall mural, and multiple windows with teal curtains
- Spacious room featuring tile flooring, multiple windows with turquoise drapes, a ceiling-mounted light fixture, and a hallway entry
- Brightly painted interior room featuring light blue walls with colorful murals
- Hallway
- Living area
- Bathroom featuring tiled walls, a window with security bars, a vanity with an integrated sink, a toilet, and tiled flooring
- Bathroom featuring extensive wall and floor tiling, a single-pane window, and a vanity with an integrated sink
- Room featuring light blue walls with a painted landscape mural, a single horizontal transom window, and flush-mount ceiling lighting
- Living area featuring a modern Sputnik-style chandelier, a window with natural light, and a two-tone wall finish
- Room with neutral wall paint and baseboard heating
- Bathroom featuring floor-to-ceiling square wall tiles, a white toilet, and a vanity with an integrated sink
- Kitchen area with wood-finish cabinetry, a stainless steel sink, and light-toned wall paint
- Image quality insufficient for description
- Spacious interior room featuring light-colored flooring, light blue walls, and a recessed ceiling light fixture
- Room featuring light-colored flooring, painted walls with a mural design, and a ceiling-mounted light fixture
- Room featuring carpet flooring, painted walls with a mural, and a window with curtains
- Image quality insufficient for description
- Room featuring light-toned walls and wood-finish flooring
- Ground Floor compact living area featuring neutral wall paint, a window with security bars, and grey tile flooring
- Ground Floor compact kitchen featuring wood cabinetry, stainless steel range, and grey tile flooring
- Bathroom featuring light-toned wall tile, a single vanity with wood-finish cabinetry, a mirrored medicine cabinet, and a shower area with a curtain ro
- Bathroom featuring floor-to-ceiling cream-colored wall tiles, a wood-finish vanity with a white countertop sink, and a mirrored medicine cabinet
- Grand staircase featuring ornate dark wood newel posts and railings
- Entryway featuring dark wood-finish doors with glass inserts, transom windows, a decorative wood-finish staircase, and patterned wall panels
- Flat roof access
Description
Welcome to your next investment opportunity! Located in the desirable Bedford Park/Norwood section of the The Bronx, this well-maintained 4-story stone and brick multifamily building presents an exceptional investment opportunity. Spanning approximately 7,400 square feet, the property consists of 5 oversized market rent residential units, including three expansive 5-bedroom, 2-bathroom apartments, one 4-bedroom, 2-bathroom units and one ground-floor 2-bedroom, 2-bathroom unit. The building’s large layouts provide strong rental demand and excellent long-term income-producing potential. All units are market rent with yearly leases ending in November.
Approximately 8 years ago, the property underwent a full gut renovation with extensive upgrades completed throughout the entire building. Improvements included new drywall, upgraded electrical systems and fixtures, renovated kitchens and bathrooms, upgraded windows, a new roof, new furnaces and hot water heaters, updated heating elements, and new gas piping. These renovations significantly modernized the property while enhancing operational efficiency and reducing future maintenance exposure.
Ownership has continued to meticulously maintain and improve the building since the renovation. All utilities are fully separated, with each unit featuring its own individual gas furnace and separate hot water heater, totaling 5 independent heating systems throughout the property. Additional capital improvements include newly installed concrete and drainage piping completed just 2 years ago, further strengthening the building’s infrastructure and long-term reliability.
The property has also benefited from proactive upgrades completed in anticipation of evolving NYC building requirements. Ownership recently installed a new sidewalk curb valve for emergency water shutoff access, professionally de-clogged the main water line, and installed new shutoff valves in the utility room to improve operational functionality and management efficiency.
The building offers additional upside and future income growth potential. The 1st, 2nd, and 3rd floor units are currently occupied by a daycare operation, providing stable occupancy with the possibility to further increase cash flow depending on future leasing strategy and use configuration.
Combining strong building systems, oversized unit layouts, and a prime Bronx location near transportation, shopping, schools, parks, and major thoroughfares, this stone and brick asset represents an ideal addition to any investor’s portfolio. The property is also located within an R7A zoning district, allowing for approximately 2,676 square feet of additional buildable area, creating valuable long-term development and expansion potential.
Amenities
- Back Yard
- Building Security
- Cable - Available
- Cable Connected
- Convection Oven
- Cooktop
- Electricity Available
- Electricity Connected
- Fire Escape
- Gas Cooktop
- Gas Oven
- Gas Range
- Gas Water Heater
- Natural Gas Available
- Natural Gas Connected
- Neighborhood
- Other
- Oven
- Phone Available
- Phone Connected
- Sewer Available
- Sewer Connected
- Smoke Detectors
- Trash Collection Public
- Walk Up
- Water Available
- Water Connected

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.