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Residential Income For Sale

854 E 229th Street, Bronx, NY OTHER

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Property Description

Double-track value: Keep the existing cash-flowing 3-family while planning and building a second 3-fa on the same lot, creating two revenue streams and maximizing FAR for the parcel. Immediate income + upside: Existing tenants provide instant NOI while a new build captures additional long-term rental revenue or a quick value-add resale. Four private garages. Shared lot reduces acquisition costs per unit compared with buying separate properties; development costs concentrated on one parcel. Strong ROI potential: Below-market asking price for combined lot and build potential in R4 zoning presents clear opportunity for unit count expansion, rent growth after renovation, or a 2-property sale strategy. Hold for stabilized cash flow, renovate and increase rents, or develop and sell the new 3-family separately or as a package. A premier investment opportunity legal 3-family brick home situated on a spacious lot. This property is ideally configured with a versatile layout featuring 4 beds over 3 beds over 2 beds. The home is well-equipped for multi-family management, featuring three boilers, four electric meters, and three gas meters. Additionally, the property offers exceptional parking and storage solutions, including garages, a private driveway. TWO tenants’ units occupied. Monthly Rent: $3,606.00 each, and 2 beds Vacant. PROPERTY COULD BE DELIVERY VACANT. Located just minutes from the 233rd Street MTA station. Easy access to major highways, buses, schools, and local shops.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
26007657
Price:
$1,400,000
Status:
Active
Office Name:
Graciela Flormon
Agent Name:
Herminia
Features
Architectural Style:
3 Family
Laundry Features:
None
Utilities:
Sep Gas
Address Map
Country:
US
State:
NY
County:
OTHER COUNTIES
City:
Bronx
Zipcode:
OTHER
Street:
229th
Street Number:
854
Street Suffix:
Street
Longitude:
W74° 7' 17.1''
Latitude:
N40° 50' 47.9''
Street Dir Prefix:
E
Additional Information
On Market Date:
2026-06-05
Financial
Tax Annual Amount:
9141
Listing Information
Co List Agent Mls Id:
491950
List Agent Mls Id:
1025182
List Office Mls Id:
3421
Mls Status:
Active
Modification Timestamp:
2026-07-17T02:57:20Z
Originating System Name:
njmls
Status Change Timestamp:
2026-07-16
Residential Income For Sale
Listing ID:
26007657
$1,400,000
Agent info
Contact Agent

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