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14 photos
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$1,400,000
Est. payment /mo
9 Beds
3 Baths
5,719 Sqft Lot
UPDATED:
Key Details
Property Type Multi Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Wakefield
MLS Listing ID 968735
Bedrooms 9
Full Baths 3
Rental Info No
Year Built 1910
Annual Tax Amount $9,141
Lot Size 5,719 Sqft
Acres 0.1313
Property Sub-Type Triplex
Source onekey2
Property Description
Double-track value: Keep the existing cash-flowing 3-family while planning and building a second 3-family 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. - Scarce garage supply: Four private garages significantly boost unit desirability and rent premiums in the borough where off-street parking is rare. Economies of scale: 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. Flexible exit strategies: 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 regarding a legal three-family brick home situated on a spacious lot. This property is ideally configured with a versatile layout featuring 4 bedrooms over 3 bedrooms over 2 bedrooms, making it an excellent addition to any real estate portfolio. 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 the 2 beds units is Vacant. PROPERTY COULD BE DELIVERY VACANT.
Conveniently located just minutes from the 233rd Street MTA station, the property provides easy access to major highways, buses, schools, and local shops.
Conveniently located just minutes from the 233rd Street MTA station, the property provides easy access to major highways, buses, schools, and local shops.
Location
State NY
County Bronx County
Interior
Interior Features High Ceilings
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Garage Spaces 2.0
Utilities Available Electricity Connected
Garage true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Senior Community No
Special Listing Condition None
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Listed by Keller Williams Realty NYC Grp • Herminia Florimon
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716