350-354 East 193rd Street, Bronx, NY 10458
350-354 East 193rd Street, Bronx, NY 10458
350-354 East 193rd Street, Bronx, NY 10458
350-354 East 193rd Street, Bronx, NY 10458
350-354 East 193rd Street, Bronx, NY 10458
350-354 East 193rd Street, Bronx, NY 10458
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,890,000
Est. payment | /mo

13 Beds

6 Baths


Save
$ 1,890,000
Est. payment | /mo
Save

13 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Fordham Manor

MLS Listing ID 916510

Bedrooms 13

Full Baths 6

Rental Info No

Year Built 1910

Annual Tax Amount $5,172

Property Sub-Type Triplex

Source onekey2

Property Description

Rare opportunity to acquire two contiguous income-producing properties at 350 and 354 East 193rd Street, offered together for $1,890,000. The assemblage includes three residential units currently configured with 14 rentable rooms, three garage spaces, approximately 4,090 SF of existing building area and 8,658 SF of combined land.

Current gross income is approximately $12,974 per month, or $155,688 annually, including $750 per month from the three garage spaces. Owner-reported operating expenses are approximately $34,200 annually, and 2026 real estate taxes are approximately $5,172 annually. Based on the reported income and expenses, indicated NOI is approximately $116,316, producing an indicated cap rate of approximately 6.15%.

Current R4A zoning provides a simple as-of-right floor area calculation of approximately 6,494 SF. Preliminary discussions with land-use counsel indicate a potential pathway to R6B or R7B, subject to buyer verification and all required governmental approvals.

Close proximity to Fordham University's Rose Hill campus makes the property ideal for student housing. The properties are currently occupied and may be delivered vacant. Seller financing may be considered for qualified buyers.

Location

State NY

County Bronx County

Rooms

Basement Unfinished

Interior

Interior Features First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen

Heating Forced Air

Cooling None

Fireplace No

Laundry In Basement, Laundry Room

Exterior

Parking Features Garage

Garage Spaces 3.0

Utilities Available Trash Collection Public

Total Parking Spaces 3

Garage true

Private Pool No

Building

Lot Description City Lot, Near Public Transit, Near School, Near Shops

Sewer Public Sewer

Water Public

Structure Type Unknown

Others

Senior Community No

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Weichert New Homes Co • Zak Abdullah
NEARBY SCHOOL & BUSINESS
René Perrin

+1(516) 802-3785

rfperrin@gmail.com

477 Madison Ave. 6th Floor, Suite 100, York, NY 10022, United States

GET MORE INFORMATION
Name
Phone*
Message