854 229th Street, Bronx, NJ 10466
Local realty services provided by:ERA Suburb Realty Agency
854 229th Street,Other, NJ 10466
$1,400,000
- 9 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: herminia florimon
Office: graciela florimon347-338-8641
MLS#:4050831
Source:NJ_GSMLS
Price summary
- Price:$1,400,000
About this home
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...
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Home facts
- Year built:1910
- Listing ID #:4050831
- Added:1 day(s) ago
- Updated:September 07, 2026 at 04:49 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:14
Heating and cooling
- Heating:Baseboard - Hotwater
Structure and exterior
- Year built:1910
- Architectural Style:3-Three Story
- Construction Materials:Brick
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,400,000
- Tax amount:$9,141 (9141)
Features and amenities
- Amenities:Gas-Natural
Parking
- Parking description:Additional Parking, Driveway-Exclusive, Parking Lot-Exclusive
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