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
Approximately 8 years ago, the property underwent a full gut renovation with extensive upgrades completed throughout the entire building. Improvements included new drywall, upgraded electrical systems and fixtures, renovated kitchens and bathrooms, upgraded windows, a new roof, new furnaces and hot water heaters, updated heating elements, and new gas piping. These renovations significantly modernized the property while enhancing operational efficiency and reducing future maintenance exposure.
Ownership has continued to meticulously maintain and improve the building since the renovation. All utilities are fully separated, with each unit featuring its own individual gas furnace and separate hot water heater, totaling 5 independent heating systems throughout the property. Additional capital improvements include newly installed concrete and drainage piping completed just 2 years ago, further strengthening the building's infrastructure and long-term reliability.
The property has also benefited from proactive upgrades completed in anticipation of evolving NYC building requirements. Ownership recently installed a new sidewalk curb valve for emergency water shutoff access, professionally de-clogged the main water line, and installed new shutoff valves in the utility room to improve operational functionality and management efficiency.
The building offers additional upside and future income growth potential. The 1st, 2nd, and 3rd floor units are currently occupied by a daycare operation, providing stable occupancy with the possibility to further increase cash flow depending on future leasing strategy and use configuration.
Combining strong building systems, oversized unit layouts, and a prime Bronx location near transportation, shopping, schools, parks, and major thoroughfares, this stone and brick asset represents an ideal addition to any investor's portfolio. The property is also located within an R7A zoning district, allowing for approximately 2,676 square feet of additional buildable area, creating valuable long-term development and expansion 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.