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9 Beds
3 Baths

$1,400,000

854 229Th Street, New York NJ, 10466

Built in1910
Property typeMulti-family

Overview

Active

Listed Sep 6, 2026

Updated 10 days ago

Prime Bronx Investment opportunity regarding a legal three-family brick home situated on a spacious lot. opportunity for developers and investors: Solid, all-brick, three-family property on a 50' x 114.5' lot, zoned 4, in the Bronx. Exceptional Well-maintained structure with 4 detached/covered garages " delivering immediate rental income and rare expansion potential on a single site. Three boilers, four electric meters, and three gas meters. Additionally, the property offers exceptional parking and storage solutions, including garages, a private driveway. Conveniently located just minutes from the 233rd Street MTA station, the property provides easy access to major highways, buses, schools, and local shops. Lot: 50' x 114.5'-- with buildable parcel.- Zoning: R4 multi-fam residential zoning. It permits another 3-family building (subject to DOB approvals). Building: All-brick construction, three income-producing units. Delivering immediate rental income and rare expansion potential on a single site. - 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.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

$9,314/mo

Est. mortgage payment based on a $1,400,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4050831

Interior Features

Bedrooms
9
Bathrooms
3
Heating
Yes
Basement
No

Other Property Details

Taxes
$9,141
Tax Frequency
Annually
55+/Senior Community
No

Also listed on MLS / NJMLS

Courtesy of GRACIELA FLORIMON with HERMINIA FLORIMON,
Listing Contact: 3473388641 

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