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Commercial Sale in Bronx, New York, Bronx, NY 10458 | Web ID: 898469 | $2,200,000

 
Commercial Sale in New York - 205th  Bronx, NY 10458
 

Property Description

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.

Property Information

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

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