Property Description

Located in the highly desirable Bedford Park/Norwood section of the The Bronx, this well-maintained 4-story stone and brick construction multifamily building offers an exceptional investment opportunity with a total of 5 oversized residential units spanning approximately 7,400 square feet. 4 spacious apartment features 5 bedrooms and 2 full bathrooms each and ground floor features 2 bedrooms and 2 bathroom, providing strong rental appeal and strong income-producing potential.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.

Property Features

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