RealtyDepotNY
Cell: 347-219-2037
Fax: 718-896-7020
Introducing 185 E 205th Street, A Fully Renovated Five-unit Multifamily Building In The Heart Of The Bronx, Offering A Strong Rent Roll And Long-term Upside. Spanning Approximately 3, 200 Square Feet, The Building Includes Three 2-bedroom Units And Two 1-bedroom Units, All Updated With Modern Finishes And Fully Leased To Reliable Tenants. The Property Is Generating $12, 500 Per Month In Rental Income, With All Tenants On Annual Leases — Most Of Which Are Cityfheps Voucher Holders, Providing Guaranteed Rent Payments From City Subsidies. This Makes 185 E 205th A Low-maintenance, High-yield Investment From Day One. The Building Features A Finished Basement, Backyard, And Outdoor Space, Adding Further Flexibility For Storage, Recreation, Or Potential Future Use. Zoned R8, The Site Allows For A Significant Development Opportunity — With The Ability To Build Over 15, 000 Square Feet, Subject To Zoning And Far Allowances. Whether You're Looking For A Stable Income-producing Asset Or A Future Ground-up Development, This Property Checks All The Boxes. Located Just Off The Grand Concourse In The Desirable Bedford Park Section Of The Bronx, The Property Offers Excellent Access To B/d/4 Trains, Multiple Bus Lines, Montefiore Medical Center, Lehman College, Parks, And Local Retail — Making It A Convenient And In-demand Rental Area For Working Families.
| Location/Town | New York |
| Area/County | Bronx |
| Post Office/Postal City | Bronx |
| Prop. Type | Commercial Sale |
| Tax | $16,827.00 |
| Year Built | 1925 |
| Basement | None |
| Construction | Other |
| Total Units | 5 |
| Lot SqFt | 3,331 |
| Cooling | None |
| Heat Source | Electric |
| Util Incl | None |
| Days On Market | 1 |
| Tax Assessed Value | 240300 |
| Units | 5 |
| Listing information courtesy of: Pomp Realty Advisors Inc | |