UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1002226
Rental Info No
Year Built 1910
Annual Tax Amount $21,308
Lot Size 2,517 Sqft
Acres 0.0578
Property Sub-Type Multi Family
Source onekey2
Property Description
The property underwent a full gut renovation approximately 8 years ago, during which ownership completed extensive upgrades throughout the entire building, including new drywall, upgraded electrical systems and fixtures, new kitchens and bathrooms, upgraded windows, an upgraded roof, new furnaces and water heaters, heating elements, and new gas piping. These improvements significantly modernized the property while enhancing long-term efficiency and reliability.
The building has also been meticulously maintained and thoughtfully upgraded since the renovation. All utilities have been fully separated, with each unit equipped with its own individual gas furnace and separate hot water heater, totaling 5 furnaces throughout the building. Major infrastructure improvements include new concrete and drainage piping installed just 2 years ago, helping ensure long-term reliability and reduced maintenance concerns.
Ownership has proactively completed additional capital improvements to stay ahead of evolving NYC building requirements, including the recent installation of a new sidewalk curb valve for emergency water shutoff access. The main water line has been professionally de-clogged, and new shutoff valves were installed in the utility room for improved functionality and management efficiency.
The building also offers potential for increased cash flow and future upside. The 1st, 2nd, and 3rd floor units are currently occupied by a daycare operation, providing stable occupancy and additional income can be obtained depending on future use and leasing strategy.
This stone and brick building combines strong building systems, spacious unit layouts, and a prime Bronx location near transportation, shopping, schools, parks, and major thoroughfares, making it an ideal addition to any investor's portfolio with added value potential. R7A zoning allows for an additional 2,676 sq feet of buildable space for increased future potential.
Location
State NY
County Bronx County
Rooms
Basement Finished, Full, Walk-Out Access
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Hardwood, Tile, Vinyl
Fireplace No
Appliance Convection Oven, Cooktop, Gas Cooktop, Gas Oven, Gas Range, Oven, Gas Water Heater
Exterior
Parking Features On Street
Fence Back Yard, Perimeter
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
View Neighborhood
Building
Lot Description Back Yard
Story 4
Sewer Public Sewer
Water Public
Structure Type Stone
Schools
High Schools Bronx 7
School District Bronx 7
Others
Special Listing Condition None
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.